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TOPIC: Owner financing

Owner financing 07 Jun 2004 18:17 #8380

  • jacker5
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I have an opportunity to get a theatre with owner financing.It sounds great. What should I expect and look out for. Is this better than bank financing?
I don't have to worry about getting approved, Business plan, and ofers a low down deposit!
I am not familiar with this and look for the kind words of your wisdom to help me!
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Re: Owner financing 07 Jun 2004 18:30 #8381

  • Mike
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the # 1 thing is to know what you are getting into. Is it a movie theatre you want? If so do the #'s and if it works: great. If not: no amount of great finance is good.

Get a lawyer and run the #'s past a acct.

Make sure you have enough OPERATING CASH to make it over the rough bumps.

Best of luck!

Michael Hurley
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Michael Hurley
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