Recent content by mona

That makes sense. I haven't considered the lease/purchase option through the seller's perspective. They do have far more at risk. It be far too much trust to put into a stranger.

I didn't take anyone else's post as a personal reflection at all. I only took her comment personally because she used my age as part of the reasoning I wouldn't succeed- which is something I find patronizing. And no, I do not apologize for that. There are different ways to answer questions...

thank you! those are all really great points!! I definitely have to do a lot more research...

Wanting to buy a business that breaks even is not abnormal and indicates nothing about my financial situation... Who would want to purchase something that is losing money? If you are tired of newbies like myself, you certainly didn't have to reply to my post.

Thanks, Bob.... :)

Your example is interesting- in that you've known of only one, who themselves up and left the property. I'd say that's not a typical situation and, generally, a terrible example. If you want to get into innkeeping take an aspiring class first and save some money. Sorry to say at 27 chances are...

Yeah, I definitely get what you are saying.... But if I'm paying an option fee- that's my skin in the game. If I walk away, it's the sellers to keep.

I'm curious if lease purchase options are common in this industry? I've always dreamt of having a B&B and am now beginning to plan on making this a reality. However, the fear I have is that I'll buy a property, the business will be unsustainable, and then I'll be unable to sell the house. I know...