Hi, my husband and I are very interested in purchasing a turnkey B&B, we hope for it to be sustainable and have lots of ideas and plans. However this is a new adventure for us and will involve a move of countries, we currently live in the UK. We will have to sell our house here to finance our purchase and the move and could use any advice on how to buy a property in the US, can we get a regular mortgage for a B&B or do we need a business loan? Where do we start for that? Is it easy enough to do your self or would you recommend using a financial adviser (do you use those in US?) Are there hidden costs involved in buying a property? The property we have looked at is for sale by owner, is that easier or are there things we need to know about that?
Also what are there any good questions you can think of that I should be asking, things you wished you'd known when you were buying?
I should add that I am a US citizen so not asking for relocation or visa advice, that's in hand.
Any advice appreciated.
Thank you.
Also what are there any good questions you can think of that I should be asking, things you wished you'd known when you were buying?
I should add that I am a US citizen so not asking for relocation or visa advice, that's in hand.
Any advice appreciated.
Thank you.