Posted by phil fernandez on July 18, 2008 at 13:34:45:
In Reply to: In this tough market - is this a new idea posted by StevenS(CPA) on July 18, 2008 at 11:11:19:
Hmmm.
I've got a good friend that invests both in real estate and restaurants, which is a business. He likes investing in real estate better. What he does tell me is that when restaurants are sold most of the financing is in the form of owner financing because banks are very scared to lend money on restaurants. And with good reason. I read somewhere that the life span of a new restaurant is something like 2 years. But that fact also opens up a huge opportunity to play with owner financing and paper and to get real creative. The flexibility of paper is unlimited, see the cash flow forum here. So you may be on to something. Who knows for sure.
- Re: In this tough market - is this a new idea StevenS(CPA) 14:50:52 07/18/08 (0)