Buying an RV Park
Does anyone have experience, private or otherwise, in purchasing an RV park? If so, what types of things do you address on the formal offer that may differ from buying a typical single-family residen...
Forum Discussion
The actual operating records from the current owner supported by their income tax returns as filed are necessary .
A ProForma statement does not account for the real life disasters .
As has been said already the adequacy of the sewer is paramount .
As the new owner all of the electric will need to be up to code and signed off by the local electrical code inspector .
Owners will often do their own electric and plumbing . Some are skilled and some are not .
It is too easy to dig a shallow trench and install PVC or Romex .
In either event it is imperative that the park be up to code for electric , plumbing , and sewage before you spend your money .
PostScript much later .
I should have said that my folks owned a mobile home park with about 10 RV spots . They were along i-5 , visible from the freeway . The RV spots ultimately became full timers . I was an electrician early in life and helped my Pop out with handyman chores and a lot of grounds maintenance . Free gratis , it was good to work with my Pop.
He made very little money after expenses operating the Park but the land value doubled .
A ProForma statement does not account for the real life disasters .
As has been said already the adequacy of the sewer is paramount .
As the new owner all of the electric will need to be up to code and signed off by the local electrical code inspector .
Owners will often do their own electric and plumbing . Some are skilled and some are not .
It is too easy to dig a shallow trench and install PVC or Romex .
In either event it is imperative that the park be up to code for electric , plumbing , and sewage before you spend your money .
PostScript much later .
I should have said that my folks owned a mobile home park with about 10 RV spots . They were along i-5 , visible from the freeway . The RV spots ultimately became full timers . I was an electrician early in life and helped my Pop out with handyman chores and a lot of grounds maintenance . Free gratis , it was good to work with my Pop.
He made very little money after expenses operating the Park but the land value doubled .
