OfflineHi, I am new to this. I have yet to finish the book. However I have come across a family member who wants to sell a golf course. This is a beautiful deal. With a beautiful 18 hole golf course with a newer bar and restaurant with pro-shop. Now the best part is that it has over 100 building lots to be developed most on the course. I am thinking about doing a 45 day contract. Then finding an investor to sell it to.
Any thoughts or advise on this deal.
Thanks in advance,
unlimitedtrafficsite.com
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This is a BIG nut! Golf courses are very difficult to make profitable for a few reasons....one is the poor economy, all course business is down. Another is competition for the golfing dollars among other, local courses.
The price also makes it a real niche market. I'm not saying you can't or that it won't work but you really need to do your homework on this one.
I hear what your saying. Actually they do have a college contract. So business is so so for a GC. However the main upside is the 107+ building lots. If you only made 25k per lot thats 2.6+ million. I might do a sealed bid auction.
That is all it is...A great deal with proper zoning,Meaning good development!
Good REI see the things nobody else pays the time too. Zoning can take a few years even if it can be zoned to your idea?
rand
"MAKE YOUR ACTIONS COUNT"
2birds---1stone
Is there an A2 survey (plot plan)
Are the lot's already approved?
If so, why are they selling without doing the development?
I will double check on zoning. I do think all of this has been plotted and approved. He has plotted lot papers all drawn up. Been planning and plotting for years.