No Hotel Loan for You!

Written by Cameron Brown

Continued from page 1

If you're planning on borrowing over $2,000,000 to build or buy a larger hotel/motel,repparttar interest rates may be a little better, although not much. Interest rate lows can be more favorable by up to a half percentage point, while to current ceiling is still hovering around 8%. With a larger hotel loan comes a longer loan term, usually 20 to 25 years. One boon of a larger loan is that most institutions offer limited recourse inrepparttar 135370 event of a default.

Meeting hotel loan requirements can be difficult, after all, this is unlike any other kind of real estate loan and as such has its own rules, terms, and procedures. If you thinkrepparttar 135371 hospitality business may be for you, make sure you choose a lender who will takerepparttar 135372 type to answer questions to your satisfaction. With howrepparttar 135373 market is these days, there are plenty of lenders out there competing for your business. Take your time and choose carefully fromrepparttar 135374 several loan products they offer; if you're not satisfied, move on. The hotel business can be both challenging and rewarding. Depending on your location, service, and financing, it can be a great way to build long-term wealth.

Cameron Brown is aa internet marketer specializing in ranking automation. For information on how to get a hotel loan, visit Security National Capital .

Acting as Your own General Contractor when Building your Dream Home

Written by Robert Kempe

Continued from page 1

Managingrepparttar Subcontractors; You thought deciding who to hire as your subcontractor was difficult, try managing them! This is where most ofrepparttar 135284 stress and “sweat equity” occurs. I have been a construction project manager for 15+ years and honestly, every time I am assigned a new projectrepparttar 135285 fear ofrepparttar 135286 unknown working relationships with each ofrepparttar 135287 subs is a major concern. I feel your pain! To help you in your management, have a schedule ready duringrepparttar 135288 bidding war between contractors. Have this presented atrepparttar 135289 time you presentrepparttar 135290 construction drawings. In fact, have three schedules! What this will generate is three different prices from each contractor. Use this as part of your evaluation as mentioned inrepparttar 135291 previous paragraph. Your long schedule, medium schedule and short schedule will generate different responses. You want this information up front so that when it comes time to sign a contact withrepparttar 135292 subs, you can put in clauses that if they do not holdrepparttar 135293 schedule there are financial burdens placed on them. This will protect you from mismanagement on their part. Typical content found in a residential building contract can be found atrepparttar 135294 following link

After allrepparttar 135295 schedules and contracts are agreed upon, you become more thanrepparttar 135296 customer, now you arerepparttar 135297 boss. Everyday you need to communicate withrepparttar 135298 subs and get an updated detailed report on what, where, when, how and why they are on or off schedule. Managerepparttar 135299 project byrepparttar 135300 schedule. Keep in mind thatrepparttar 135301 schedule will change if you decide to change your scope of work by issuing change orders (example: changingrepparttar 135302 cupboard or cabinet size,repparttar 135303 flooring, or appliance). Keep in mind that during this time, this is a small business and your profit is represented by how close you come to your original agreed upon costs associated withrepparttar 135304 schedule afterrepparttar 135305 contract signing. We could talk about management all day long. In fact there are training courses on this subject that cost thousands of dollars. Hopefully this bit of information will get you onrepparttar 135306 right track and help make a smooth transition from concept to actually building your dream home. Remember this rule of thumb,repparttar 135307 more you preparerepparttar 135308 better you will be when handlingrepparttar 135309 bumps inrepparttar 135310 road. Gathering information prior to needing it will actually save you more money, time and stress than you can probably calculate.

If you find this information useful you should visitrepparttar 135311 site where you will find lots of interesting articles related to this topic provided by Robert Kempe.

I have 15+ years in industrial construction and industrial engineered manufacturing as a project manager and a part time home inspector. Through my experience in construction and management and my unique prospective in the home industry, I have been able to simplify and make sense of home building and designing in what looks to be a complete chaotic project and decision making process. for more articles

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