Thursday, January 29, 2009

Three main things...


When I think back to the purchase process I know that it was long and sometimes we felt as if we are going in circles. It will be impossible to remember it all.
Few things however became very clear to us as we were looking at properties and speaking with real estate agents and owners.
* You should keep your goal in mind,
What are the characteristics of the property you are looking for. A small motel, B&B, Campground. Search for what it means to own each one and what fits your personality.
* Location - where do you want to live, since this is going to be your home. And to be even more specific. Do you want some land, do you want to be in a town, in a tourist area...and so on.
* Money - it is all about money. The money that you have for the purchase and the money that the business can generate, because, yes, after all you are purchasing a business.

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