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  • Profile photo of Old School SkataOld School Skata
    Member
    @old-school-skata
    Join Date: 2001
    Post Count: 52
    October 11, 2002 - 12:56 pm

    That is a buyers market. you have some awesome room to move with the people selling – negotiate down, find a tennant – long lease – lease option or instalment sale. sign the deal, buy refinance deal realise equity. As long as you have a long term tennant you are sweet. Like steve says – asset is the tenanet not the house or unit!!

    U make money when you buy not when you sell…..ding ding ding!!!

    Profile photo of Old School SkataOld School Skata
    Member
    @old-school-skata
    Join Date: 2001
    Post Count: 52
    August 16, 2002 - 5:32 am

    Andreas,

    Thank you for your response. Okay that might clear up the debt and repay the banks back, but what will happen if there is no longer anyone left to run the business?? For some of the larger wrappers it may be ok as they employ staff, but what are some of the smaller wrappers doing who do not have any staff?

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