Hey Frank I needed to wait until i had the park under contract before replying to your comments.
1 my attorney has written a lease that plainly states above there signature that the park owners are not responsible for acts of GOD.
2 the city is thrilled & has approved the park ordinance. It’s was unanimously because of the shortage of RV spaces in our community. Our community is home to 8 plant expansions totaling 38 BILLION DOLLARS. My park will be the closest to the largest of the expansion. It’s a 4 year project.
A local bank has already committed to the deal based on what they believe is the certainty of success.
I suspect with 8000 temporary construction jobs it won’t take more than 90 days to fill up the park. Mt break even is 55% occupancy.
The park is on 265 feet of Louisiana Bayou with a wharf & covered pavillin. It will never be a hit location however with 8000 folks needing a place to Live I’ll play the odds.
Like you I’m a gambler. I think we all are in some form or fashion however I feel pretty good about this bet.
Thanks for pointing out the pitfalls. I’ll keep you informed as to the parks success (or failure).
Again thanks for sharing your thoughts & opinions. You guys are GREAT! I’m own 4 mobile home parks. I’ve used this forum numerous times for advice.