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Updated almost 5 years ago on . Most recent reply

User Stats

21
Posts
10
Votes
Mary Erickson
  • Investor
  • San Diego and Dallas
10
Votes |
21
Posts

Looking to buy a bed and breakfast

Mary Erickson
  • Investor
  • San Diego and Dallas
Posted

I live in Dallas and just retired from a stressful job as a business owner with 30+ employees. I don't want to retire completely but I want an easier life and so have been thinking about buying a bed and breakfast with a restaurant/bar.  I've looked at a few sites that sell them but want to know the things I should watch out for and mainly what area of the country is best (just opinions that I know will differ but love to hear them)  I am looking for something that already has good reviews and a staff in place. I have all cash to buy, no loans needed.  I would like to live at the Bed and Breakfast as well and so it would be my home and business.  I don't expect to make a lot of money but is net 6 figures unreasonable?  Any suggestions would be appreciated. 

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