Hey guys,what is common in a commercial NNN lease?

I am extremely interested in "wholesaling" especially since it's a good way to get my feet wet.

It is also a stable market, so repossessions are less common than elsewhere in the state.Your biggest problem will be the lending laws in the state of Illinois, but that is another story.

The most common scam in the marketplace is the "Fee Stealing" scheme.

I look at the community as a whole to determine the common bldg sizes, configurations, materials used.

It would be better to find private financing (which is extremely available) if you search in the right fields one place is elite business network, and ther are others.

Specifically, in my county, it's very common for agents to use the FMLS and not the GAMLS.This property was listed on the GAMLS and not the FMLS.

I'm bumping this thread since I have the same questions because it's pretty common for people to enclose garages and/or sunrooms in my area and turn them into bedrooms.I think I understand the issues - might not pass inspection if not up to code, liability issues if inspector missed something, code enforcement issues if not propertly permitted...

Sincet hey own it, they have the abiliity to turn on utilities and if they don't, they are obviously hiding something.You have two options, pass or figure absolute worst case on your rehab budget and make offer accordingly.Is this common in a wholesale deal?

The trouble is that people may not know each other extremely well in some of these cases and all parties are worried one of the signers will run off with the money.