The appropriate question to be asking is WHO is doing the guaranteeing? I would expect it is a limited liability company.
Not to put too fine a point on it, Blue Chip "guaranteed" rents and that they would purchase back a property after a certain number of years. The guarantee was worth no more than the solvency of their company.
In other words, if the market turns, the guarantee may be utterly worthless. I see they have $5k in escrow, but how long will that last?
Not to put too fine a point on it, Blue Chip "guaranteed" rents and that they would purchase back a property after a certain number of years. The guarantee was worth no more than the solvency of their company.
In other words, if the market turns, the guarantee may be utterly worthless. I see they have $5k in escrow, but how long will that last?
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