micman replied to the topic Management rights in the forum Help Needed! 17 years ago
Hi SteveThe management rights that i am refering to are of the lease hold typeMainly residential units that i was looking at Some that i saw for sale / lease had a managers unit attached as part of the priceThere were some that worked on a caretaker basis and you don't live on siteI hope i have explained myself a bit betterCheersmicman
micman replied to the topic Steves latest email in the forum Help Needed! 17 years ago
Thanks for that Elka
micman replied to the topic Finance for 2nd IP in the forum Finance 17 years ago
That brings me to the next questionwith a line of credit say i had 50k equity for example would the bank lend me the 50k to be drawn down at my discretion and only charge interest on the drawn amount I:E say 25k or is interest charged as soon as the loan is approved on the whole amountHope this makes senseThanksmicman
micman replied to the topic Finance for 2nd IP in the forum Finance 17 years ago
Hi TerrywCould you please explain what cross collateral is Thanks micman