by Doug Carleton of Business Lenders, LLC Seller financing is often used in the bed and breakfast industry as a way to facilitate sales. It may be the first mortgage, or, it may be a second mortgage in conjunction with a first mortgage provided by a traditional lender. Let’s take a look at some of […]
Financial: Seller Financing, The Good, the Bad, and the Ugly Read More »
by Doug Carleton of Business Lenders, LLC You might be thinking about buying or opening a B&B. Or, if you already own one, you might be considering expansion or a major renovation. Once you decide that you need to borrow money, whatever the need may be, the very best thing you can do to increase
Improve Your Chances For A Loan Read More »
by Doug Carleton of Business Lenders, LLC Financing for any startup business is hard for obvious reasons. A lender is gambling. It is betting that the owner of the startup business is going to be able to meet projections and pay back the loan. And even though most new business owners do their best, a
Financing Startup B&Bs with an SBA Loan Read More »
Not the New York Yankees…..but Dan and Penny Cote, the proud new Innkeepers of Inn Victoria of Chester, Vermont! Welcoming these new Yankees are the former Innkeepers, Jon and Julie Pierce, who just happen to be British! The B&B Team is pleased to have been the Transfer Consultants to both the Cote’s and Pierces,
New Innkeepers and the Yankees are Coming! Read More »
Ken Burns most recent documentary series, National Parks-America’s Best Idea, is a brilliant assemblage of stories full of mystery, suspense and adventure, definitely not a tired travel log. In the last episode of the twelve part series that covers the years from 1945-1980, the focus is on the American tourist that is keen on getting
Lake Lure… Carolina On My Mind Read More »
As the years go by and we at The B&B Team do our work for current and aspiring innkeepers, there is one issue which never fails to perplex and which is so fundamentally important that we thought we should cover the topic again, briefly. That topic is about the basics of inn valuation. If you
The Basics of Inn Valuation: never, never forget! Read More »
1031 Tax Deferred Exchanges are wonderful when they work, but we've just learned of a financial disaster and believe everyone needs to take note. Simply put, a 1031 Tax Deferred Exchange is a mechanism whereby a real estate investor can roll over the cost basis from one investment property to another and defer paying capital gains taxes
1031 Exchange Warning and Advice Read More »
Any time a new bed & breakfast is in the planning stage, there are inevitably regulatory hurdles to surmount. Often times the neighbors have to approve, or at least not object too vehemently, to secure approval from planners and local elected officials. Over the years many people have asked us about studies that show the
Bed and Breakfasts and Property Values Read More »
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