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05-02-2024, 05:14 PM
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#12 |
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Senior Member
Join Date: Mar 2006
Location: Merrimack and Welch Island
Posts: 4,593
Thanks: 1,416
Thanked 1,703 Times in 1,107 Posts
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One problem for many new owners: The present owner has been there for years and likely has little or no mortgage expense. The new owner at today's real estate values has to generate substantially greater cash flow to make it a going concern.
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