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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
is an accommodation and real estate directory, where real estate property owners or real estate agencies connect with vacationers and home buyers worldwide. If you are a seller, you can add listings in few seconds, and if you are a buyer you can search listings to find your dream property!
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Mon, 16 May 2005 20:51:07 -0400
/ Author of the message: Chris |
Title of the message: |
Re: Advice needed on buying a multiplex
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Text of the message: |
If you are not going to occupy the unit, 35% is the minimum. If you need a banker who will hear you out, reply to this message to e- mail me so I can pass you his info. Chris. In article <g3Tge.17513$Tz3.287555@weber.videotron.net>, cheapunix@hotpop.com says... > Hi, > > I am interested in buying a multiplex. It has 6 units and I have visited it > already and is in decent shape. I am in Canada, so not sure if same as in > USA, but banks will lend you only 75% on multiplexes if you do not occupy > one of the units. I have the 25% to give, but I really wanted to buy 2-3 > different buildings and splitting it as cash down on three rather than on > one. Obviously I have not found the other two yet and prefer to take it one > step at a time. > > Is there anyway for me to get the bank to finance with 5-10% down? I am > dealing directly with the seller with no agent, so not sure if I could be |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.