[micmanMember@micmanJoin Date: 2007Post 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

[micmanMember@micmanJoin Date: 2007Post Count: 9]

November 11, 2007 - 7:23 am

Thanks for that Elka

[micmanMember@micmanJoin Date: 2007Post Count: 9]

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

[micmanMember@micmanJoin Date: 2007Post Count: 9]

September 12, 2007 - 10:25 am

Hi Terryw

Could you please explain what cross collateral is

Thanks
micman