Buying rental/lease income streams? - Posted by Lou Pohl
Posted by Lou Pohl on September 29, 2003 at 09:41:36:
Does anyone have any experience buying rental or lease income streams at a discount? For example, a small apt bldg owner rents his units for $1000 a month. He’s in a cash crunch and can’t easily get a traditional loan, etc. etc. So I offer to pay him 10 months of payments right now (lump sum of $10,000 today) and he assigns one of his 12 month leases to me. I collect $1000 a month over the next 12 months, for a nice big yield. Or same scenario with a commercial lease etc. Anyone doing this? Seems like very low competition and a postcard mailing to apt bldg owners, etc. would be a cheap and easy way to get this going. Any input or comments from the “pros” ?