Have you ever dreamed of opening a bed and breakfast?
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Do you avoid people too?
Enough small talk.Here are some waysto earn extra cash, without all of the social stuff.
John and his wife, Dena, opened their B&B about three years ago.
They bought a five-room bed and breakfast and expanded it to 10.
They recently bought adjacent property and plan to add four more rooms and a banquet facility.
Try Before You Buy
Before you buy a B&B, Karen suggestsvolunteering at other inns.
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This gives you access to experts who can answer any questions you have before you buy.
Bruce also suggests finding out what local inns charge and their occupancy percentages.
With these numbers, you might estimate your yearly earning potential and decide if youve found the right location.
And if at all possible, pay cash, Karen says.
Youll make a profit a lot faster if you dont have amortgageweighing you down.
Your inn will flourish and youll be raising your rates in no time.
Is Running a B&B for You?
Your Turn: Would you open a bed and breakfast?
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