I hope these links to the California DRE (Now BRE) will help BP members in CaliforniaReferences California Law Real Estate Posted on August 8, 2015 by [email protected] — No Comments ↓ 1.

Also be wary of letter of intents as they are not legally binding, specifically as there is a current tenant in place, and I'd imagine you likely will not be able to get a signed contract in place from this potential tenant.If the borrower won't reveal who the tenant is, I think that might be red flag enough to turn this down.Just a thought, in Southern California, there are a lot of tenants who are willing to do this in the marijuana industry. 

Of course, property prices are much higher in CA.  

Hi Jeremy, I had to reply because I am escaping California.

Keep up the great work.Jim from Riverside, Ca

Most tenants started off as a 6 month or 1 year, and are now on a month to month basis.I am in California.

I am in ca.

Did you know if you act as your own GC in California that there is a 10 year period from substantial completion to discovery of a construction defect to file suit (called the statute of repose).  

In Memphis, we are a year or two behind in design compared to markets like California or NYC so if things are changing here on the high end, it will start dwindling down to the mid to low end across the country. 

@Bill Hamilton  here is my pathAgent at 18  in CA  broker at 20... sold RE for about 12 years .. then got hired by syndicator in Bay Area doing site acquisition ( great job I got commish and equity) In 1987 I engineered the buy out of a HML company my dad used for 20 years..