Is buying an RV lot a good investment?
Hi My wife and I just took a month long trip through California and Arizona. We are planning to spend next winter down there. We have looked at a few resorts with lots for sale. Could anybody help ...
Forum Discussion
thgoodman wrote:hardtobe wrote:msmith1199 wrote:Bumpyroad wrote:rockhillmanor wrote:99 year lease from $175,000 to $265,000, rent $350/month, taxes $74 to $94/ month, insurance, $30/month and the utilities are metered separately.
Yikes. You can buy 2 homes one in the south and one in the north for those prices and it would be a REAL investment.
Are those prices for an 'empty' lot? Besides the monthly costs what type of up front down payment is needed?
my thoughts exactly. one could buy a "home base" house in the North and one in the South and travel between them and elsewhere.
bumpy
Those lots are directly on the coast. If you want ocean front you'll have to pay for it. Personally, I don't care that much about ocean front to pay those kind of prices.
and the weather is only good there for the 3 summer months
U can buy a awesome lot in Beautifull outdoor resorts of Indio
which is a simply outstanding place for 37K.HOA is 390PM and includes
water,sewer,cable tv and garbage
Yes, but it's in California. Would you really want to open yourself up to that kind of regulatory and tax situation?
what regulatory and tax system? I have owned for 7 years and not experienced what your aluding to? I have run into ZERO problems owning my lot?I had the taxes reduced under prop 8 about 3 years ago and other than that its fine.Land tax went from 1500 to 730$
