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Originally from PA/NY my husband and I are looking to buy a B&B in the northeast/mid-Atlantic.
We've done a little damage in the past to our credit and obtaining a mortgage/commercial loan is borderline, but maybe not yet impossible. So we are looking for creative options like lease purchase or owner financing etc. We could probably have a down payment of around 60K maybe a bit more.
We are currently working professionals with 2 adult sons (20 and 23) who live with us and would probably want to tag along once we leave Colorado.
I will probably remain working remotely to lessen the financial risk at first while he retires from his Retail Executive position to run the business.
As my hubby is very active on social media we virtually "meet" people from all over the world especially those who are sports fans of our local teams. We often meet up with people when we travel and/or host folks on their trips to Colorado and take them touring. It's because we enjoy this so much that we decided to look for a B&B.
Any advise would be very appreciated.
Cindy

<blockquote data-quote="cdrako" data-source="post: 11120" data-attributes="member: 4652">Originally from PA/NY my husband and I are looking to buy a B&amp;B in the northeast/mid-Atlantic.We&#039;ve done a little damage in the past to our credit and obtaining a mortgage/commercial loan is borderline, but maybe not yet impossible.&nbsp; So we are looking for creative options like lease purchase or owner financing etc.&nbsp; We could probably have a down payment of around 60K maybe a bit more.We are currently working professionals with 2 adult sons (20 and 23) who live with us and would probably want to tag along once we leave Colorado.I will probably remain working remotely to lessen the financial risk at first while he retires from his Retail Executive position to run the business.&nbsp; As my hubby is very active on social media we virtually &quot;meet&quot; people from all over the world especially those who are sports fans of our local teams.&nbsp; We often meet up with people when we travel and/or host folks on their trips to Colorado and take them touring.&nbsp; It&#039;s because we enjoy this so much that we decided to look for a B&amp;B. Any advise would be very appreciated.Cindy</blockquote>

[QUOTE="cdrako, post: 11120, member: 4652"] Originally from PA/NY my husband and I are looking to buy a B&B in the northeast/mid-Atlantic. We've done a little damage in the past to our credit and obtaining a mortgage/commercial loan is borderline, but maybe not yet impossible. So we are looking for creative options like lease purchase or owner financing etc. We could probably have a down payment of around 60K maybe a bit more. We are currently working professionals with 2 adult sons (20 and 23) who live with us and would probably want to tag along once we leave Colorado. I will probably remain working remotely to lessen the financial risk at first while he retires from his Retail Executive position to run the business. As my hubby is very active on social media we virtually "meet" people from all over the world especially those who are sports fans of our local teams. We often meet up with people when we travel and/or host folks on their trips to Colorado and take them touring. It's because we enjoy this so much that we decided to look for a B&B. Any advise would be very appreciated. Cindy [/QUOTE]

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