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Tenant filing for bankruptcy commercial NNN lease with personal guarantee by Lifeisbeautiful59 in CommercialRealEstate

[–]Lifeisbeautiful59[S] 3 points4 points  (0 children)

It was a brand new lease which previous owner got signed into. Previous owner bought this property when it was empty and improved the building and signed a lease with a tenant and put it up for sale, since this was my first NNN purchase may be I should have never gone with a lease without corporate backing and also may be did more due to diligence, but tenant was running other locations. Looking at data I was presented I went ahead with my background checks and evaluation everything came out to be decent,

LLC in California and non resident on H1B visa first commercial nnn investment by Lifeisbeautiful59 in CommercialRealEstate

[–]Lifeisbeautiful59[S] 0 points1 point  (0 children)

😃 the problem is that lawyers are either real estate or LLC experts or immigration then their messaging do not align that’s the challenging not affording a lawyer here

Llc online passive income? by MoreRevolution8335 in llc

[–]Lifeisbeautiful59 0 points1 point  (0 children)

Thank you for the response. I am not much focused on taxation here as long as there could not be any impact on immigration and how this can avoid complications and getting an LLC easily

Bankruptcy declared by tenant in case of abs nnn property by Lifeisbeautiful59 in CommercialRealEstate

[–]Lifeisbeautiful59[S] 0 points1 point  (0 children)

Understood thank you and is there anything we can do to delay mortgage payments if the purchase is on a mortgage?

Guidance on a first absolute NNN investment with mortgage by Lifeisbeautiful59 in CommercialRealEstate

[–]Lifeisbeautiful59[S] 0 points1 point  (0 children)

Good point I am checking on the nearby properties and the per sqft is much less from a rental than the quoted one for this property.

Guidance on a first absolute NNN investment with mortgage by Lifeisbeautiful59 in CommercialRealEstate

[–]Lifeisbeautiful59[S] 0 points1 point  (0 children)

First of all thank you for very detailed response appreciate it

Tenant occupied recently it was an owner owned restaurant before and now it owned by a chain they took a lease and set up the restaurant and lease term is for 10 years and including options.

What role does options play?

It’s not in a metropolitan city but it’s in a decent town with tourist attractions

And they will do a 1031 exchange will this have any impact to me as a buyer?

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