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Old 12-02-2011, 02:37 PM   #15
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Do you except fellow RVers in tt's friend...I always knew I had a friend in a nice winter
Location. Friend.... I won't be picky, I'll take any site.... Friend..... I myself have always had a dream where I had a plot of land where I would put in 3-4 improved RV sites for visiting friends. Friend...
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Old 12-02-2011, 10:17 PM   #16
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Quote:
Originally Posted by akadeadeye View Post
My life long career has been in real estate.

First, determine the real world value of the two acres. Second, calculate a reasonable rate of return on that value annually. Third, add the cost of the RV park to the value of the land. Fourth, calculate a reasonable rate of return on the total package (total value plus cost, times a percentage, say 10%) Fifth, do an objective cash flow model for your RV park which allows for realistic income and expenses, arriving at a Net Income figure. If this Net Income figure is less than the amounts you calculated above, then you are not developing the tract of land to its highest and best use.

Don
Expert advice, for free; can't do better than that. I've had a lot of ideas that quickly turned out to be full of holes. Sadly, many of them after I was in deep.
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Old 12-02-2011, 11:11 PM   #17
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mabye a real good friend would offer to shovel some dirt, or put some other sweat equity into the project, to offset the prohibitive costs mentioned above. By bringing pipe tools, and other hardware needed. Jimm Zi/
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