Need advice for a rv park purchase
I lived in this rv park for 4 yrs and I became good friends with the owner and playing around I told him to sell me his 45 spot rv park and he said he would sell it to me for 750k.
This rv park is one of the most popular rv parks in the region. It has the best public schools, its next to a dollar general on one side and a 20 pump gas station on the next. It's been open for 5 yrs and hes had 100% booked spots it's very rare to find a spot here I got my spot on a addison he was doing and patiently waited till it became available.
He rents the spots for 500 all inclusive and of that 100 a spot is spent on expenses. Neting 18000 a month.
I need adevice on analyzing and also financing the property. Thanks