Forum Discussion
elialane7
Sep 10, 2016Explorer
westernrvparkowner wrote:
It would be possible to put in 15 sites with $50,000 if the people involved had all the skills and equipment necessary, there weren't any fees other than construction costs to pay and they never had a single misstep in the process. This, however, sounds like the only plan in place is to fleece an investor out of $50,000.
Property zoned residential isn't going to allow for 15 "tiny homes". Go in front of the planning an zoning board and tell them it is going to be an "artist community" and they are rightfully going to visualize a bunch of bums living in shacks. There is no way there won't be a bunch of opposition from the neighbors. Wells, septic and sewage systems, bringing in commercial electricity, roads and other infrastructure all cost significant amounts of money.
But what is really going to happen is this. They are going to plug away without any permits. They may move a little dirt. They will probably talk a good game. For every investor dollar sunk into the project, three dollars are going to be spent on their personal expenses. (I'd bet nearly everything I have that the people building the park have their personal finances is complete disarray). The project will collapse and the only thing anyone will have to show for it is a bank account with $50,000 less dollars in it. Take the advice of others and get as far away from this as possible. It isn't your money being frittered away, be thankful for that.
I HOPE it works out, I don't want to be any sort of bearer of bad news but I feel terrible watching this going down without saying anything AT ALL...I just need to know how to save it productively and in a way where they will listen...
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