10-15-2021, 01:37 AM
Wanting to invest in a million dollar bed and breakfast
<!-- SC_OFF --><div class="md"><p>I’m 26yo with 800+ credit score. I’m very well rounded in the financial department. I make $3,500 a month and I and really considering buying the BnB. It’s price is well worth the buy for the BnB is an AAA Diamond awarded Victorian Mansion(fully furnished) in a very well versed location. Though my only thing is, you think it’s worth in the long run? I have great credit history and feel like I can definitely quality for a business loan to buy the property.</p> <p>Edit: I appreciate all the feedback and quite honestly I’m happy you’re all telling me that this investment may not be worth it. I mean, brutal honesty is the best honesty. That being said, yes I know I would end up running the business myself solely with the help of my spouse. I would be able to take it on all the while still receiving my monthly income. And why wouldn’t a bank lend me 1 million? Don’t most businesses/entrepreneurs receive some large sum to get up and going? I mean it’s a “small loan of a million dollars” ya know. Again, Thank you all! It means a lot to hear advice from all of you.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ZealousidealHornet59"> /u/ZealousidealHornet59 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/q8455p/wanting_to_invest_in_a_million_dollar_bed_and/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/q8455p/wanting_to_invest_in_a_million_dollar_bed_and/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I’m 26yo with 800+ credit score. I’m very well rounded in the financial department. I make $3,500 a month and I and really considering buying the BnB. It’s price is well worth the buy for the BnB is an AAA Diamond awarded Victorian Mansion(fully furnished) in a very well versed location. Though my only thing is, you think it’s worth in the long run? I have great credit history and feel like I can definitely quality for a business loan to buy the property.</p> <p>Edit: I appreciate all the feedback and quite honestly I’m happy you’re all telling me that this investment may not be worth it. I mean, brutal honesty is the best honesty. That being said, yes I know I would end up running the business myself solely with the help of my spouse. I would be able to take it on all the while still receiving my monthly income. And why wouldn’t a bank lend me 1 million? Don’t most businesses/entrepreneurs receive some large sum to get up and going? I mean it’s a “small loan of a million dollars” ya know. Again, Thank you all! It means a lot to hear advice from all of you.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ZealousidealHornet59"> /u/ZealousidealHornet59 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/q8455p/wanting_to_invest_in_a_million_dollar_bed_and/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/q8455p/wanting_to_invest_in_a_million_dollar_bed_and/">[comments]</a></span>Kind Regards R