Ripnrun replied to the topic Motel Finance in the forum Finance 11 years, 7 months ago
ok thank you for you time.
Ripnrun replied to the topic Motel Investment in the forum Commercial Property 11 years, 7 months ago
I was a bricklayer/builder all my life, my Daughter and son in law live with me and both have Hospitality Exp in cooking and front of house.He is a qualified chef and she has management training with front of house and the public side, The motel I am looking at is freehold not Leased would this make any difference, and ty for your time i have…[Read more]
Ripnrun replied to the topic Motel Investment in the forum Commercial Property 11 years, 7 months ago
I am 68 years old and want to buy a motel because i want to keep working, i am very active with no health issues, I have a property worth 350k with 215k owing on it, the business i am looking at is for sale as a going concern and is for sale at 219k is it possible for me to get a loan for this with the equity i have in my house and with me…[Read more]