Ripnrun replied to the topic Motel Finance in the forum Finance 11 years ago
ok thank you for you time.
Ripnrun replied to the topic Motel Investment in the forum Commercial Property 11 years 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 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]