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Old 27-01-2017, 01:11 PM
Slaveatwork Slaveatwork is offline
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Serious investors. Gauging intrerest. Legit, real estate investment

Previously there was a thread on this forum comparing everyone's net worth and I was quite shocked to see there are many well-educated, highly intelligent folks here. Hence, would like some thoughts.

A friend of mine owns a D9 condo unit currently tenanted through a long term corporate lease. He is looking to cash out on this receivable and obtain financing up front. He'll novate the tenancy agreement to me (or my company) hence monthly rental payments will go straight to my designated bank account. I have spoken to a lawyer on this and it is fully legal.

Any thoughts from folks out there in the investing industry? Is this something you would do?