Depending on the financial history of the B&B/Inn, buyers should have 30% to 40% of the property cost to cover the following:
- Down Payment – 15% to 25%
- Closing Costs – 3% to 6%
- Reserves – 6 to 12 Months Principal & Interest
Depending on the financial history of the B&B/Inn, buyers should have 30% to 40% of the property cost to cover the following: