Investor · Sunrise Beach, MO · Member since 2017 · 12 posts · 0 votes
There is a huge demand for large rv/boat storage at the Lake of the Ozarks. Several developers are building large 25x50 storage bays. Insulated, electric and rough in for water and sewer. These are marketed as man cave, she sheds... The units are being sold individually but are part of a larger building on a parcel of property with several building. My understanding is they are sold like condos and have a hoa to take care of outside of building and property. My question, how would I go about setting this up? Does anyone have any experience with something like this?
Developer · Member since 2020 · 4k+ posts · 4k+ votes
3y
Let's say $3mm. Do you have the downpayment? Commercial you need experience and a track record. What is your REI background this far. Need to work your way up in size. What is your largest project to date. Have you out a revenue and cost model together? Make a design in paper and call for a erected building quote. Understand zoning in your area.
Recommend you do or be able to answer all of these. You need to do some leg work.
Developer · Member since 2020 · 4k+ posts · 4k+ votes
3y
Let's say $3mm. Do you have the downpayment? Commercial you need experience and a track record. What is your REI background this far. Need to work your way up in size. What is your largest project to date. Have you out a revenue and cost model together? Make a design in paper and call for a erected building quote. Understand zoning in your area.
Recommend you do or be able to answer all of these. You need to do some leg work.
Investor · Sunrise Beach, MO · Member since 2017 · 12 posts · 0 votes
3y
I'm wanting to develop some land and build some of these units. Not sure how to structure company. Would I need to set up a separate company for HOA purposes to maintain common property. I see the need and demand. I own property that is situated close to several key amenities and is hwy frontage. I will need to rezone it as it is currently residential. But I believe that will be pretty painless. I suppose that's my first step.
Investor · Sunrise Beach, MO · Member since 2017 · 12 posts · 0 votes
3y
I plan to develop and build in stages. Let the sales fund next stage of development. I already own the property. Think if I proceed in stages I can start the project for about $400k. I’m getting a budget together now with quotes from contractors and suppliers. This would be my first commercial development.
I plan to develop and build in stages. Let the sales fund next stage of development. I already own the property. Think if I proceed in stages I can start the project for about $400k. I’m getting a budget together now with quotes from contractors and suppliers. This would be my first commercial development.