Commercial Condominiums Apartments, Buildings for Rent
Pope (MS) commercial apartment / condominium building for lease, Pope (MS) commercial real estate for lease or rent
A Pope apartment or condominium building for lease may be available from an owner in Pope (MS) 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 Pope (MS) owner and make sure the numbers work.
Pope rental properties make a great investment income, but having to pay large down payments for Pope (MS) property can eat up capital you may need for future repairs or Pope (MS) property improvements and developments, by utilizing a master lease option you can save the up-front costs, build equity into your Pope (MS) 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 Pope (MS) property for any bank holding or liens.
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