G’day
I’ve been approached for help by a couple who want to start a child care centre. They have enough equity in their home to borrow $200K for start up costs, but need $300K for the building and need the place they have an eye on renovated as well – another $150K.
Expected return would be 12% p.a on $450K (this is the figure they quoted)
As this is my first commercial deal (depending on whether the risk/return factors stack up), any advice by those forumites experienced with this type of transaction would be appreciated.
Have a great day!
Marco
Get more out of Renting!
http://www.positiveproperty.com.auI suggest you post this on “Help Needed”
May God prosper you always.[biggrin]
Marc
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