Financing Options to Buy a Bed-n-Breakfast in Cozumel, Mexico
I am familiar with financing concepts when buying real estate as an american in America. However, buying properties outside the US is completely foreign (ha-ha) to me. An associate is near retirement age, and has just received an opportunity to fulfill her dream to purchase a well-established bed-and-breakfast in Cozumel, encompassing both the property and the enterprise. She has down-payment funds available by personal savings plus $200K equity from her Atlanta, Georgia home. The business is said to currently yield an annual profit of $80K.
If this opportunity were to come to you, what method(s) would you use to structure the financing of this "international" purchase? What type(s) of loan(s)?
- Denise Webster
R.E.P. Financial LLC