I have a opportunity to purchase a ATV park in south Louisiana. The park is 2600 acres and has a gross income of 530k per year. The net is around 300k per year. The man who owns the park is up in age and does not promote or advertise at all. I believe with the right advertisement and putting on big events like a mud fest and a country music festival I can triple the income in 2 years. The park is going for 7.5 million. The park is also used as a timber farm. The worth of the timber at this time is 2.2 million. I would like to hear what people would have to say about how to find investors for this park.
@Charles Gatlin this is a business and not really a real estate investment, I'd start with the SBA or the bank and see what they can do, aside from that I don't really see what you bring to the table for investors to invest in. It isn't your idea, or proprietary, and I'm assuming is for sale on the open market, also it is only a 4% annual return as is. What is to prevent an investor from buying it and hiring someone to oversee it for $50k per year.
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