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Updated about 3 years ago on . Most recent reply

David Smith's profile image
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David Smith
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David Smith
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David Smith
3
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40
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Short-Term & Vacation Rental Discussions

No financials for B&B = Skip or Buy?

David Smith
Posted

Several Bed & Breakfast propertied are for sale but the seller don't have or don't want to share any financials....preventing me form getting an SBA loan.

Do you recommend to skip or still place offers?

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Greg Powers
  • Real Estate Agent
  • from Manchester, NH
  • Member since Jun 7, 2013
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Greg Powers's profile image
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Greg Powers
  • Real Estate Agent
  • from Manchester, NH
  • Member since Jun 7, 2013
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Greg Powers
  • Real Estate Agent
  • Manchester, NH
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117
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Greg Powers
  • Real Estate Agent
  • Manchester, NH
Replied

Offer to sign a Non-Disclosure Agreement.  If they still refuse to share, then go ahead and make an offer contingent upon reviewing them to your satisfaction.  If they still won't share them, calculate your own numbers, then lowball them.  

  • Greg Powers
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