Bed & Breakfast Inn Financing, Mortgages, and Loans
Did you know that you could use your IRA or 401 (k) to fund the down payment on a business or investment property? Few investors/entrepreneurs realize that they can finance the purchase of a business, such as a B&B, with retirement funds. Borrowing money usually involves repaying the principal with interest, and early withdrawals may [...]
Verified Financials™certifications signify that an independent evaluation of the inn’s business financials has been conducted and that the historical income & expense documentation reconciles to its Federal Tax Returns. Aspiring Innkeepers and their advisors understandably require copies of an inn’s financials to determine that the income from the inn [Read More. . .]
A Pre-Qualified Buyer™ certification process satisfies the concerns of both Inn Specialist Realtors and sellers, because it identifies a conscientious person or persons as having submitted the proofs and documentation necessary for verification prior to seriously entering the market. CCN’s Pre-Qualified Buyer™ designation, certifies that a review has been conducted [Read More. . .]
“As for words … it was certainly a pleasure doing business with you Rick, and I wouldn’t hesitate to do it again. You helped us out of a tough situation and were very professional while establishing a friendship. And we still want you to come out to visit us!!!” Liz Parrish & Peggy O’Neil Crystal [...]