Hello BP Investors,
I am interested in your experiences with golf properties as an investment yes or no? Would love to hear from you on your thoughts and success stories.
Over the last decade almost 1000 golf courses have closed due to the fact that no one plays golf haha This is a developers dream as the land is being freed up but not a good investment opportunity in my eyes as the market has consistently gone down over the past decade.
@Raylene Luckett Froman Apologies, I don't have any valuable insight to offer here, but I did want to chime in and say: I used to golf every week with my father-in-law and some friends. We don't do that anymore. Instead, we go bowling! Anecdotal evidence at best, but I'd tend to agree with @Kody Thompson about this. :)
I'm sure there are plenty of folks with success stories, though, so I look forward to reading those!
I own a property on the 11th green of the Greg Norman course in North Myrtle Beach. I have it as a LTR as the short term rentals just aren’t there die to thousands of competitors. Dozens of courses have closed and very few have been developed since 2008-2010. It’s an expensive sport and not many 20 year olds are taking it up.