Renting out lots on private land
I am hopefully going back to school as an adult student at UF and looking at buying land near Gainesville since paying for a rental lot for 4 - 6 years doesn't sound too appealing. I've looked at a fe...
Forum Discussion
Wow that's a lot of feedback right quick! Seems like a great community over here, I was at Good Sam's Open Roads forum but my membership expired and since I'm not currently on the road I couldn't justify re-upping right now.
That NFPA section is definitely something I'll DL and read ASAP and I've been turning up some other interesting articles, I never seems to find anything the first few google searches. http://www.aplaceinthesun.com/news/feature/tabid/131/EntryId/811/Default.aspx This article deals only with single unit homes but still interesting reading.
http://www.evergreenusa.com/ is an insurance company catering to RV parks.
Since I'm not doing high volume, I'm really hoping I can avoid falling under the same regulations as a KOA for example. I'd really be gearing this more towards having a few long term tenants and keeping costs low. (Remember if I buy vacant land I'm going to have to install utilities for myself anyway. From what I have experienced, the costs to install more amps for electric, bigger capacity septic etc won't be insignificant, but nothing like installing separate systems.)
My budget so far for all this is around 50-75k. I'm currently an overseas contractor so funding this myself is not out of reach. If I were to rent a lot for 250-500/month for 6 years that's 18k -36k down the drain so I'd much rather invest 50k and see a return (obviously nothing is guaranteed). That being said I'm definately going to take my time with all this and probably not purchase land until I see how UF is working out for me.
And Jim Shoe, that's some good advice. Zoning is one of my primary concerns and something I don't know a whole lot about, so I'll definately do some investigation at the local government level.
That NFPA section is definitely something I'll DL and read ASAP and I've been turning up some other interesting articles, I never seems to find anything the first few google searches. http://www.aplaceinthesun.com/news/feature/tabid/131/EntryId/811/Default.aspx This article deals only with single unit homes but still interesting reading.
http://www.evergreenusa.com/ is an insurance company catering to RV parks.
Since I'm not doing high volume, I'm really hoping I can avoid falling under the same regulations as a KOA for example. I'd really be gearing this more towards having a few long term tenants and keeping costs low. (Remember if I buy vacant land I'm going to have to install utilities for myself anyway. From what I have experienced, the costs to install more amps for electric, bigger capacity septic etc won't be insignificant, but nothing like installing separate systems.)
My budget so far for all this is around 50-75k. I'm currently an overseas contractor so funding this myself is not out of reach. If I were to rent a lot for 250-500/month for 6 years that's 18k -36k down the drain so I'd much rather invest 50k and see a return (obviously nothing is guaranteed). That being said I'm definately going to take my time with all this and probably not purchase land until I see how UF is working out for me.
And Jim Shoe, that's some good advice. Zoning is one of my primary concerns and something I don't know a whole lot about, so I'll definately do some investigation at the local government level.
