Hi.
I'm 26 years of age and have 8 years experience in the hotel industry within Sales & Marketing, Front Office and Accounts Departments.
I'm tired of making money for other hoteliers and had ambitions to buy my own property later in life.
However, a stunning 19 bedroom 4* guesthouse has come up for sale in the area and I know (from personal experience dealing with this property and knowing the family who run it) that it does very well. Their reason for selling is they want to get out of the business (young children etc), or so they've told me.
I am extremely hard working and determined, and because the only source of income for this property is Accommodation and Breakfast, I think it would suit me perfectly as a starting point.
As I said I didn't plan on persuing this until later in life, but this property will not be on the market forever.
I don't have any capital, however I have owned my own home for the past 2 years (now worth 265k). I have no savings or other investments. The property is for sale at just under 2m.
How do I persue this & where do I start?
Can I do this or am I dreaming?
I hope I've put in enough information,
Your advice (however brutal) is much appreciated.
Thanks