Foreclosures Searching For Cell Tower Leases

Real estate investors who buy foreclosures are locating additional and additional condominium structures with present cellular antenna leases. Cell tower leases can be the foreclosures buyer&#39s ideal friend. However, getting foreclosed properties with a cell site lease is not easy, but the promotions are out there. Even the savvy real estate investor who purchases a lot of foreclosures is possibly not going to be a telecom leasing professional, and frankly even the real estate investing specialists do not know squat about how to offer with a cell tower lease when you buy a foreclosed building.

A cellular antenna lease will both be attached to cell tower on raw land or rooftop cellular antenna installation on commercial or residential property. If the residence is a foreclosures and the bank is not however the receiver, it&#39s going to be tough getting the information and facts except the Owner / Landlord is cooperative and trusts you enough to allow you search at the lease. There truly is not a way to establish these kinds of foreclosures properties. These kinds of promotions are very tough to find, and we suggest that you do not squander your time chasing these rainbows. Concentration on the lower hanging fruit: bank owned residential condominium structures and commercial properties.

It&#39s a great deal much easier on the lookout for REO&#39s with present cellular tenants. If the residence is bank owned, as the receiver they require to disclose each present lease encumbering the Premises prior to sale, and it&#39s in their ideal desire to present the particulars of the lease or if your are blessed … several carrier leases.

You require to determine out the price of the lease. You want to know the commencement date of the lease, which is the date that they started out paying out the Owner immediately after cell site acceptance. You want to know the sum of hire they are paying out month-to-month, and what the annual will increase are that the prior operator agreed to, and how numerous years are remaining on the back end of the lease. The unique cellular carrier will also decide the price of cell tower lease on Wall Street.

How can real estate investors find foreclosures properties that have cellular carriers as a tenant?
This is in which you require to be artistic. Excellent foreclosures investors have their chicken puppies who mail them promotions. Chances are that they in no way believed about on the lookout for foreclosures with cellular antenna site leases. Your ideal wager is to network with your bank&#39s foreclosures expert or REO Manager.

All important banking companies have structures on their publications with cellular site leases which they are not internet marketing to investors. They are simply also chaotic to pull together a databases of foreclosed properties with present wi-fi carrier tenants.

Productive real estate investors who want to find these promotions ought to faucet into their present interactions at the banking companies that do company in the territory that they operate in to establish prospective promotions that have present cellular leases and in which the bank is acting as the receiver. Talk to your banker to scan their foreclosures residence / REO databases for conditions these kinds of as Verizon Wireless, T-Cellular, Omnipoint, Cellco, Sprint, Nextel, Alltel, Cingular, AT & T, Metro PCS, Crown, Towerco, SBA, or American Tower. If you find a foreclosed residence or building with a cell tower lease attached, you can noticeably sweeten the offer for yourself simply because you can pull income out of the cellular lease – generally moments six determine quantities – and place it in direction of the mortgage or in direction of getting a different building.

It&#39s also a very great plan to have a cell tower leasing professional assessment the conditions of your lease, which disqualifies 99% of real estate lawyers.

Ruby Ruby

Ruby Ruby wrote 223 posts

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