Lomax (IL) commercial apartment / condominium building for lease, Lomax (IL) commercial real estate for lease or rent

A Lomax apartment or condominium building for lease may be available from an owner in Lomax (IL) who doesn't want to sell because of tax reasons, and doesn't want the continued responsibility of day to day running the operation. Understand the motivation of the Lomax (IL) owner and make sure the numbers work.

Lomax rental properties make a great investment income, but having to pay large down payments for Lomax (IL) property can eat up capital you may need for future repairs or Lomax (IL) property improvements and developments, by utilizing a master lease option you can save the up-front costs, build equity into your Lomax (IL) property and finance via bank loans at a later date. Have a good lawyer write up your real estate contract to protect your future plans, and research the Lomax (IL) property for any bank holding or liens.