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micman

  • 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

micman