QUOTE(donnio @ Jul 7 2013, 02:09 PM)
I'm new here and I hope I'm posting this in the right place. I am looking at a campground to purchase but don't have money for the down payment. The camp has 640 privately owned site and 64 rental sites .annual maintance fee are around 1000. Can you offer a deal like. 10000 dollars for a life time of 300 dollar maintace fee ? Or 5000 and your fee will never go over 500? The most I would have to sell is 60. I know I would have to have a lawyer draw it up but my question is has anyone done this?
I am sorry Donino, I might ruffle some feathers in this forum but I don’t believe in those deals.
You are investing money with no return, yes, you have a space at the camp site and if you don’t like it ?
try to sale and you will find out how hard it is.;
second, if the campground owner goes belly up or sales the facility and you are not happy with a new owner what happens to your deal ?
I spoke with several people and very few are still happy after a whole.
One other point to consider, if you plan to use an RV or MH is to go around and visit but with a contract, you are scheduled to go there EVERY SINGLE TIME whether you like it or not .
Sorry to disappoint you but I suggest to keep a control of your money.
If I may provide you with a suggestion…RENT.. the space annually, first you can leave your unit there and go back every time you wish, you may rent your trailer and space, if you are not there, you may rent it and make some money and if you are not happy after a while, well, you only have to stay there until your lease is over.