Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of everdineeverdine
    Member
    @everdine
    Join Date: 2003
    Post Count: 119

    Merry Christmas Everyone[xmas]

    This may be an unusual question, but some-one may know, so here goes………….
    We have been offered the opportunity to invest in some new cabins and put them on site in a caravan park where we work.

    This is a large park in a good tourist area with demand for more cabins.

    We would get a return in %age form form all the cabins in the park. They have only enquired if we are interested at this stage, and there is no obligation.

    We need to know what questions to ask. We are concerned about not owning the land and obviously aware that we will be adding value to someone else’s property. What happens if they sell the park? What are the legal implications?

    Does anyone have any experience with this? We would be glad of any input.

    Thanks, Diane

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493

    Search for Caravan Parks. We recently discussed this. I would not touch them.

    Try this link…
    https://www.propertyinvesting.com/forum/topic/14502/1.html?sortfield=&sortorder=&SearchTerms=caravan

    Robert Bou-Hamdan
    Mortgage Adviser

    0414 347 771
    [email protected]
    http://www.mortgagepackaging.com.au

    FREE Finance-Related Newsletter – Click Here

    Comments made are of a general nature and should not be construed as individual advice.
    © 2004 Mortgage Packaging Pty Ltd

    Profile photo of everdineeverdine
    Member
    @everdine
    Join Date: 2003
    Post Count: 119

    Appreciate that Robert. Our gut feeling wasn’t good. Just had to check we were on the right track.

    Thanks, Diane[smiling]

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    Will you be paying cash for these cabins?

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
    Click below to email me

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Julian2Julian2
    Member
    @julian2
    Join Date: 2003
    Post Count: 82

    Obviously it all depends on the terms and conditions. First step is to find out exactly what they are offering, what they want, and what they are prepared to pay for this. Check out the downside risk as much as possible and find out if there are ways to negate this ie insurance, long lease, buy out if property sold etc etc. Do your due diligence and make you own judgement. Lots of people have made good dough by doing something others were unwilling to try – mind you lots have been burnt too.
    Many people would not have invested in a new black fizzy drink back in 1886, but with the benefit of hindsight Coka-Cola was a run-away winner.
    Read up on how Conrad Hilton made his start. Best wishes,
    Julian2

Viewing 5 posts - 1 through 5 (of 5 total)

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