Deb Ram

I'm a:	Just Looking
Location:	Minnesota

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I would like to take over a restaurant/with apt attached with two partners, the owner is asking $400,000. fair

Asked Thu Oct 9 2008, 15:58 by Jo Ann - New Berlin - Financing - 3 answers

Deb Ram answered:

I was a licensed realtor for 25+ years. If you are not embarrassed by your offer, you are offering too much, especially in today's market. I think you need to do a lot of research on the type of business you are entering into, I was also in the bar/grill business. This is a high risk business. I own a lake home in northwestern Bayfield county, WI. All the restaurants are for sale after the first year of new ownership. Sell time exceeds 5 years. Not your typical liquid investment. Good Luck. - Sat Oct 11 2008, 11:05

Buying foreclosure home in SW Florida.

Asked Sun Mar 2 2008, 12:07 by Brian - Bonita Springs - Foreclosure - 3 answers

Deb Ram answered:

You may find as great or an even better deal from a highly motivated home owner that has their property listed for sale by owner or realtor listed. I live in MN, had a real estate license in MN for 24 years, including completing brokers course. My husband and I know 21 couples from our golf club that have purchased homes between Ft. Myers, Venice, Sarasota, Bonita Springs, & Naples, FL. No matter how you choose your property or who you work with remember one thing - if you are not absolutely embarrassed by your offer (low offer), you are offering too much. There are hundreds of thousands of properties available within an hours drive of Bonita Springs. Good Luck. - Sun Mar 16 2008, 07:29

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