Forum Discussion
Naio
Sep 10, 2016Explorer II
elialane7 wrote:Naio wrote:
Is their land even in a place that tourists want to go?
No def not where tourists want to be , it's far outside the city , but they said its close ish go some horse track idk, I think they're more betting on a long term community of residents who have little other options ,they want it to be a kind of rural artists haven.
I don't think artists will come to a 'rural artists haven' unless it is walking distance to hip coffee houses, galleries, and natural food stores.
elialane7 wrote: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.
omgosh you are right about the finances in disarray. like i said one is living on a bus on the land as it is without plumbing or electricity. That said, he hasnt spent a penny of the 50k, and he has a company that is tanking FAST. It loses 2k a month (targeted toward struggling artist types) and he has poured his life savings and all his assets aside from the land into it, roughly 200k including credit cards and personal loans, all of which maxed out and about to go into default. Im worried w that amount of debt they will take the land. Idk how that works though
Do you think the county tracks building without permits, it seems to be quite out in the boonies, i don't know, maybe they could get away with the community thing for a little while, but who knows....
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...
Did you say it was the father in law who was the 'investor'?
I've got 20 bucks says he just considers it a bailout. He may be surprised they are calling him an investor.
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