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  • Profile photo of RipnrunRipnrun
    Member
    @ripnrun
    Join Date: 2013
    Post Count: 5
    April 7, 2013 - 12:42 pm

    ok thank you for you time.

    Profile photo of RipnrunRipnrun
    Member
    @ripnrun
    Join Date: 2013
    Post Count: 5
    April 7, 2013 - 7:55 am

    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 reposted this in the finance forum.

    Profile photo of RipnrunRipnrun
    Member
    @ripnrun
    Join Date: 2013
    Post Count: 5
    April 7, 2013 - 1:22 am

    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 renting this house out.

    Regards

    Darryn

Viewing 3 posts - 1 through 3 (of 3 total)