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24 July 2024 | 8 replies
Here are some pros and cons for triple net leases:Pros of NNN LeasesStable and Predictable IncomeLong-Term Leases: NNN leases often come with long-term lease agreements (10-25 years), providing a stable and predictable income stream.Creditworthy Tenants: These leases are typically with established and creditworthy tenants, reducing the risk of default.Minimal Landlord ResponsibilitiesTenant Responsibilities: Since the tenant covers property taxes, insurance, and maintenance, the landlord's responsibilities are minimal.
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18 July 2024 | 23 replies
Depending on creditworthiness rates and fees are pretty in line with other loan products.
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19 July 2024 | 6 replies
Generally speaking, creditworthiness of the tenant is considered when offering a concession package and there are many nuances that go into the final agreed upon package, but being aware that these are expenses you will incur as a retail landlord and planning accordingly is important. 8.
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14 July 2024 | 4 replies
Chris is right, the creditworthiness of the tenant makes a big difference in the debt offering, or the ability to get debt at all if you aren't a very strong borrower.
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14 July 2024 | 11 replies
Ensure they have robust risk assessment protocols in place.Ask how they assess borrower creditworthiness and property value.Examine Legal Documentation:Carefully review all legal documents, including loan agreements, investment agreements, and any other contracts you will be required to sign.Consider having a legal professional review these documents to ensure your interests are protected.Request References and Testimonials:Ask for references from other investors who have worked with the firm.
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13 July 2024 | 13 replies
But it does give someone peace of mind that the contractor is no criminal, credit worthy, insured, and experienced.
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13 July 2024 | 24 replies
Banks can share information relevant to a borrower's creditworthiness with credit bureaus but cannot disclose specific loan details to third parties without the borrower's consent.
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11 July 2024 | 1 reply
Generally a higher cap rate indicates a lower credit tenant which indicates a higher risk to the property owner. a 10 cap is a great deal until the tenant goes out of business and leaves you with a Negative 10 cap as you are on the hook for all of the expenses associated with ownership.You should consider creditworthiness of the tenant first and foremost.
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7 July 2024 | 1 reply
Has anyone had good or bad results from trying out credit report and score businesses that aim to improve credit and help in the journey to gaining a pre approval for a mortgage?Thanks
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8 July 2024 | 14 replies
I'm pretty sure the new buyers are just underwritten for creditworthiness and debt to income.You could try Blueprint Title though.