Tuesday, January 27, 2009

How to start.



Buying a motel....actually we had no idea where to start.

We were not even sure what kind of motel we want. For awhile we were toying with several ideas. A B&B due to my love to old buildings. or maybe a campground, where we can work over the summer and than recall our old life over the winter. Where to look? We were living in Maine, should we stay in Maine? should we search elsewhere?. How to locate properties for sale and how to determins which one is viable one?

Definetly more questions than answers.

We spend hours...days, trying to get some answers. Realizing that the correct answers are crucial to an effective search. Talking to real estate agents, searching the internet. but mostly talking to one another. I know now that buying a motel or any other hospitaliy property for this matter, is a long process. Unless you are strictly an investor with spare money, you want to be careful and choose the right one for you.

It took us TWO years of hard work and I understand now that this is normal.

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