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  • Profile photo of micmanmicman
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    @micman
    Join Date: 2007
    Post Count: 9
    January 1, 2008 - 12:04 pm

    Hi Steve
    The management rights that i am refering to are of the lease hold type
    Mainly residential units that i was looking at
    Some that i saw for sale / lease had a managers unit attached as part of the price
    There were some that worked on a caretaker basis and you don't live on site
    I hope i have explained myself a bit better

    Cheers
    micman

    Profile photo of micmanmicman
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    @micman
    Join Date: 2007
    Post Count: 9
    November 11, 2007 - 7:23 am

    Thanks for that Elka

    Profile photo of micmanmicman
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    @micman
    Join Date: 2007
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    September 12, 2007 - 11:00 am

    That brings me to the next question
    with 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 amount
    Hope this makes sense
    Thanks
    micman

    Profile photo of micmanmicman
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    @micman
    Join Date: 2007
    Post Count: 9
    September 12, 2007 - 10:25 am

    Hi Terryw

    Could you please explain what cross collateral is

    Thanks
    micman

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