Hi,
I'm new here and new to the property investment game.
I'm interested in a residential property that ticks all my criteria except for the fact that it is a cross lease. Two properties are on the cross lease as a result of a subdivision in the 80's.
I have my lawyer on the case, but am interested in opinions from experienced people.
Is a cross lease a deal breaker? What would be your concerns?
Thanks in advance
I'm new here and new to the property investment game.
I'm interested in a residential property that ticks all my criteria except for the fact that it is a cross lease. Two properties are on the cross lease as a result of a subdivision in the 80's.
I have my lawyer on the case, but am interested in opinions from experienced people.
Is a cross lease a deal breaker? What would be your concerns?
Thanks in advance
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