So, you have found the right property, you have come up short and it’s not a partnership play. No problem, the vendor will leave some money in. Here comes the critical question. Is the vendor leaving money in as debt or equity?
Avoid A Crash and Burn
Tips for Vendors and Purchasers
Courtesy of our friends at the Urban Dictionary I have unearthed what I believe to be the definitive description of this month’s bulletin title: Crash and Burn : to come to grief or fail spectacularly…
Human ambition is an interesting thing. Even while confronting the terror and stress of a new role or business venture many of us are already thinking about the next step. I reckon it’s all part of our innate survival instinct ingrained into us as a species.
Some years ago accommodation industry professionals Tony Rossiter and Mike Phipps saw a need to create a process to assist buyers in ensuring that the assessment, negotiation and purchase process runs smoothly.
“Thank you so much Tony for meeting with me today! Much appreciated for your time and the valuable suggestions!”
“I am so impressed by your professional knowledge yesterday!!”
NANCY LI - QUEST CRONULLA
“My firm and I have dealt with Mike Phipps over many years in relation to the financing of management rights. Mike has a wealth of knowledge and experience in the field which, coupled with his integrity and enthusiasm, ensures his clients are very well looked after.”
JOHN MAHONEY, MAHONEY LAWYERS
“I have worked with Mike over several years and always found him extremely knowledgeable and well researched. His in depth technical ability and significant industry contacts make him a valued part of my operations within the accommodation sector.”