UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev | Next
Author: oliviacw Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75639  
Subject: Re: Using Mom's money Date: 6/18/2003 8:52 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
The business and the real estate are two quite different deals. They might find one person to buy both, but it's very likely that they wont, and they should be glad to find a qualified buyer for just the business and be willing to lease the property to you, reserving the option to sell the building if they find a buyer for it.

I agree with Seattle Pioneer. They should be able to hold onto the building, paying the mortgage with what you pay them for lease. Once the business has become profitable for you and you have money in the bank, you can buy the building - you might even be able to get an SBA loan yourself at that point.

- Olivia
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Apple

Apple and Ninety Years Ago
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement