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Why don’t I see the Seller’s Mortgage on the Profit & Loss?
This is a very common question prospective buyers ask, hence the explanation here. The answer is simple. Are you (buyer) going to pay their mortgage? No! So you want to see the operating expenses. The gross income less operating expenses before any debt service (mortgage) or owner compensation equals NOI (net operating income). And from …
Why don’t I see the Seller’s Mortgage on the Profit & Loss? Read More »
A frequently asked question: how do I qualify?
As a home buyer, you understand what it means to qualify for a home loan, your salary has to cover your current debt and a new house mortgage. The bank wants you to be within a certain debt to income ratio. Pretty simple. With buying a lodging/hospitality property, if you are leaving your job, how …
Is it almost December? WHERE has the time gone?
Wow, this is long overdue, it was August when I last posted on my blog… It’s certainly not that there isn’t anything to talk about! It’s just time. You know, that precious thing we don’t ever have enough of. So what’s been happening? SALES AND NEW LISTINGS! The Spouter Inn in Lincolnville was just listed. …
So much has been happening!
Growing pains are a good problem to have. It’s time I brought someone on to help me. Allow me to introduce Diane Pace. Diane is the former owner of The Lighthouse Inn, York Beach and current owner of West End Inn in Portland. I met Diane when I listed her inn in 2018. I then …
UNIQUE SELLING PROPOSITION: What is your USP?
What makes your inn unique? What makes your inn memorable? What makes your inn marketable? A strong USP. Your Unique Selling Proposition. Any time I speak about the Norumbega Inn in Camden, inevitably the response is “OH, the castle, I know that one!”. Norumbega is an architectural wonder! I personally know from my inn ownership, how important …
New Freeport, Maine Inn For Sale!
This is James Place Inn. Gorgeous paint colors are different in each room, and each has its own style. All are spacious and comfortable with lovely natural light. Common rooms are also spacious and comfortable with plenty of natural light. The outdoor dining deck is popular at breakfast or any time of day. Imagine taking …
New Listing! Victorian By The Sea, Lincolnville, Maine
Beautiful location, beautiful grounds, beautiful view, beautiful inn, beautiful owner’s quarters. This inn offers it all. View more photos and the listing on my website. Victorian By The Sea in Linconville, Maine, offered at $1,095,000
