Is your home suitable for a B&B/Inn. Is it paid for? Do you have enough money put away for all the essentials needed for this commercial endeavor. There will be numerous upgrades I am sure from painting your house inside and out, plumbing upgrades, flowers and other shrubbery to make the grounds look inviting. A commercial sign that has a logo and the name of you B&B/Inn as well as a entrance sign.
Rates are low but may not be for much longer… Interest rates seem to have hit bottom, but many experts express concern over the future of our economy and the impact market conditions will have on long-term interest rates. Innkeepers wishing to reorganize debt, make capital improvements or refinance a loan that is ballooning or adjusting would be well advised to begin the application process in the early part of 2010.
The beautiful state of Arkansas and those who call it home with it’s Southern hospitality and offering business opportunities is something to look into. It is a four season state and just a day’s drive from from the Gulf Coast. Fishing, golfing are just a few of the fun things to do. Theater and art are highly respected here and available. Arkansas has lower housing, taxes, utilities and cost of living than most states. Traffic here is rarely a problem. Health care facilities such as the University of Arkansas Medical Science is rated one of the best in the country. Purchasing a home or business here is said to be something to seriously consider.
Continue reading Owning a Bed and Breakfast Inn in Arkansas
Article by Rick Newman of Commercial Capital Network
Very few investors/entrepreneurs realize that they have the ability to self-direct their IRAs and 401k plans into real estate and other assets. Most believe that there are only two options available to them if they want or need to access capital from their plan/s, namely, either borrowing from the account or withdrawing some portion of the assets. Borrowing involves repaying the principal and interest and a withdrawal may be subject to a pre-distribution tax and penalties. There is another way…