All Forum Posts by: Justin Rivet

I have yes. I'm unsure of who to reach out to in Canada regarding that. 

Hello. I am looking into purchasing a seasonal trailer site and an adjacent industrial lot with Quonset. Will most likely use the lot for storage of boats and campers. Located in a popular Lakeland resort community. A very short 5 minute walk to the beach and multiple amenities nearby. It has 42 sites ranging in price from 3500-3700 bringing in 148,200 annually. Profit would be around 130,000. Has low expenses and operating costs. Usually fully booked for the summer. He values the park and lot at 1,500,000. Owner would like a downpayment of 400,000-500,000 and will finance the rest at rate lower than the banks could provide. most likely over the course of 15-20 years. I am looking at taking out a loan for the downpayment. It has two wells that provide water. septic is a holding tank regularly pumped  I am a mechanical contractor doing plumbing and hvac/r. I already do own 4 rental properties so am already somewhat experienced with real estate. it seems like a very hands off investment. Only open from may-October. You basically collect payment. Start the park up at the beginning of the year. Maintain small repairs around the park, the dumpster pickup, septic pump out etc. Does anybody have experience with this type of investing? It does seem like it would cashflow very well even with the total amount being financed.

Good information! If they can't have a rep to come or to do a proper startup and programming run for the hills I believe that may have been what was causing most of the problems. They would also pick up on small things installers may overlook. 

But if you can't find a company familiar with them use a company that doesn'tbjust do installs. Try and get one that has experienced service techs aswell. They will understand the systems better. It's also very important to get a brand of boiler that has reps in the area that can do a full proper startup and programming on the system. That way in the future if there are very difficult issues they may be able to assist. Ibc would be my second pick. 

I'd go with a viessman. German made. They are on the more expensive end of boilers but you absolutely get what you pay for. I'm a journey plumber gasfitter and refrigeration mechanic apprentice so I'm come from experience. I've worked for a company that put in about 50 mid range boilers over the course of a few short years and spent about 50% of my time just trying to get them to limp along in the winter. Unless you have a strict maintenance schedule I wouldn't settle for anything but top quality products. Look into warranties the companies provide aswell.