innovermyhead
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- Jun 8, 2010
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OK, I'm not in over my head yet. Having an inn has been a long time interest. Only recently has my husband gotten on board - I was excited by this and though I thought internally that I was looking at the next four years to research and plan for this I started poking around on-line. Naturally, found something intriguing that appears to be a great deal. The inn is 14 rooms in a well known beach town. For a list of reasons it has not been operational since the summer of 2008. It appears to be in great shape (from photos & description) and the reviews I can find from when it was open are delightful. But, there have been no four years of research and planning and if we were to do it it would mean upending my soon to be freshman in HS son.
The bank currently owns this property & the price is currently more than 200,000 below a current MAI appraisal. How did you know when to take this plunge and would you do it again if you were to start over? Should I hold to my four year plan and just keep walking or is this the kind of thing pops up because it's supposed to? I realize that part of my excitement stems from feeling a bit bored with my current situation and I'm trying to keep that in mind. Need some sage advice...
The bank currently owns this property & the price is currently more than 200,000 below a current MAI appraisal. How did you know when to take this plunge and would you do it again if you were to start over? Should I hold to my four year plan and just keep walking or is this the kind of thing pops up because it's supposed to? I realize that part of my excitement stems from feeling a bit bored with my current situation and I'm trying to keep that in mind. Need some sage advice...