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Old 10-09-2012, 08:39 PM   #5
6th Gear Member
Join Date: Jan 2002
Location: Toronto
Posts: 2,720
Sirex thanks for the tips..

1) Insured
2)fix rate open mortage
3) Hes %100 responsible for upkeep of the property and business
4) Hes allowed to pay it all off without penalty (better for me to get a lump sum)
5) He can sell anytime ...
6) He sold his previous business so all is legit to get the downpayment..
7) I be flexible on terms.
8) My lawyer would word the contract so if he defaults I be %100 secured.

He ran a business like the one Im selling to him before,but the area where his business was located depended on a large company that closed up and went to the states...over 500 workers terminated and the small town hasnt recovered from it.
.Never banned but came very close..three times
daytona is offline   Reply With Quote