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would you buy a brothel?

Happy2 said:
If it had been owned by the oh so beautiful and clever Mary-Anne Kenworthy ( See MAK I placed the - in the writing of your name )
And run by her gorgeous ( oops sorry Ayden Add handsome too) and clever staff
Of course I would

Now is that worthy of a 1.6% discount or what Boss lady ?
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Oh a word I don't understand I am sure should be a banned word on the forum LOL
 
Talking of buying brothels I am looking for $900,000 for 71 Burswood Road property 73 will be freehold in October and need to roll over my mortgage. First mortgage security I want principle & Interest over 4 years and will pay a bit over the bank rates in interest.
If I defaulted the lucky person would own the business as well, I am putting it out there as my source of income stops me from using main frame lenders. The valuation will be $2 million to $2.4 from past history.
 
Mrs Langtrees said:
Talking of buying brothels I am looking for $900,000 for 71 Burswood Road property 73 will be freehold in October and need to roll over my mortgage. First mortgage security I want principle & Interest over 4 years and will pay a bit over the bank rates in interest.
If I defaulted the lucky person would own the business as well, I am putting it out there as my source of income stops me from using main frame lenders. The valuation will be $2 million to $2.4 from past history.
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Do you need a pool cleaning boy?
 
Mrs Langtrees said:
Talking of buying brothels I am looking for $900,000 for 71 Burswood Road property 73 will be freehold in October and need to roll over my mortgage. First mortgage security I want principle & Interest over 4 years and will pay a bit over the bank rates in interest.
If I defaulted the lucky person would own the business as well, I am putting it out there as my source of income stops me from using main frame lenders. The valuation will be $2 million to $2.4 from past history.
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I will come and see you when I win powerball on Thursday lol 🤪😊
 
Mrs Langtrees said:
Just think the lucky investor can say he owns Langtrees for 4 years LOL
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Mrs Langtrees - the lucky lender can’t say they own Langtrees for 4 years!
The lucky guy can say he has Recourse over the security arrangement - the property offered by you.
While your offer sounds great for the lender. I’d suggest you are paying a double risk premium - offering more than commercial interest rate and second, full recourse on your property that is being used as security.
I would recommending offering a higher interest rate (as you have said) and keep your powder dry on the property as full recourse. You should negotiate, in event of default (following a reasonable cure period), that the property is sold, the outstanding loan and reasonable legal costs are paid, and the balance is returned to you.
 
mountainbikingateve said:
Mrs Langtrees - the lucky lender can’t say they own Langtrees for 4 years!
The lucky guy can say he has Recourse over the security arrangement - the property offered by you.
While your offer sounds great for the lender. I’d suggest you are paying a double risk premium - offering more than commercial interest rate and second, full recourse on your property that is being used as security.
I would recommending offering a higher interest rate (as you have said) and keep your powder dry on the property as full recourse. You should negotiate, in event of default (following a reasonable cure period), that the property is sold, the outstanding loan and reasonable legal costs are paid, and the balance is returned to you.
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Thanks Mountain Bike if I was ever lucky enough to find a private lender it can be one deal with out the very high set up fees, no way I can ever default as even if disaster happened I am spread out a bit with Darwin & Canberra and the technology I have developed means I can sit on a island and dso bookings for private girls, so will always have an alternative income to satisfy the lende
 
Mrs Langtrees said:
Thanks Mountain Bike if I was ever lucky enough to find a private lender it can be one deal with out the very high set up fees, no way I can ever default as even if disaster happened I am spread out a bit with Darwin & Canberra and the technology I have developed means I can sit on a island and dso bookings for private girls, so will always have an alternative income to satisfy the lende
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Part of my job is working with investment folk to fund smaller infrastructure projects.

I’ll PM you details of a private firm that may be of interest. They are a boutique firm in Perth that link high net worth individuals into sound property investments. The guy that runs it is great.
 
mountainbikingateve said:
Part of my job is working with investment folk to fund smaller infrastructure projects.

I’ll PM you details of a private firm that may be of interest. They are a boutique firm in Perth that link high net worth individuals into sound property investments. The guy that runs it is great.
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Could you explain to me how charities they get the revenue from crowd funding???
 
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