I value education because it is more than just a piece of paper you get.It is the ambition the discipline, it is aiming high, and your mind is like any other muscle. you need to exercise it for it to grow bigger and stronger.Hell I am crushing it in my market BECAUSE I am a NASA caliber robotics scientist.I became a master at SEO because I see numbers.

So going after tenants that can't pay is a fruitless exercise.

Also there are not capital gain taxes with 1031 exchange which he exercised by buying the Texas and Tennessee properties.

The price and all other terms should be stated clearly, as the option may become the sales agreement when the buyer (optionee) exercises the right to purchase.2) Assume you are in need of money and ask broker John to negotiate a second trust deed loan for you.

The agreement spells out that you do not have an agreement with anyone else (brokers,fee takers,etc.) that would junk up the deal.This is why it is important to use a buyers broker for commercial more upfront than mid-way or back-end of a deal.You can make LOI's fully binding on all parties, or parts of the LOI, or nothing at all.Having said all of this the reason they want you to see the property is I have had talks with other listing brokers on commercial properties and an out of state investor or out of the country gets here and then decides not to move forward.The exercise wastes a bunch of people's time.

The module did include some exercises which was nice (as far as I'm concerned, the more hands on exercises I can do, the more comfortable I feel with the topic)... and it did a great job picking apart Capitalization Rate, Levered vs Unlevered cost of capital, NPV, and more.

We agreed and a month before the year was up we told her we would exercise the option in 30 days.She called us and said she had changed her mind and decided not to sell due to a rising market and wanted to sell at the new value. 

Before the end of day one the speaker did an exercise and asked us, how many of us could raise 100k cash in 24hrs, not many hands went up.

If Landlord exercises this Right, binder funds will be mailed within 7 days to Prospective Tenant(s) at the address listed on their application.Move-In RequirementsFirst Month’s Rent must be paid in full in the amount of: $__________Last Month’s Rent must be paid in full in the amount of: $__________Security Deposit must be paid in full in the amount of: $__________Other Move-in Fees must be paid in full in the amount of: $__________All tenant paid utilities must be transferred into Prospective Tenant’s name.Background checks done on all occupants aged 18 and above.A Lease must be executed and signed by all parties.When all move-in requirements have been met and Prospective Tenant(s) given possession of the property, the binder will be used as the last month’s rent.

I've been doing that mental exercise for a while now and I think I'll be ready for prime time at some point soon, I mastered most of the math :)Thanks again!