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
So, mostly so I can feel superior, but maybe so the OP will find some value in thinking about some issues about business in Alaska:
- How long have you lived in Alaska? Have you seen a boom-and-bust cycle yet (probably not as Alaska's been on a boom cycle for several years)
- Are you buying a fee simple estate? A leasehold? Is there existing financing on the property?
- Do you know the environmental history of the site? Have you had an environmental assessment done? Will you get the seller to indemnify you? (EPA and DEC will look to all owners in the chain, but the indemnity might provide some recourse to stop making purchase payments).
- Was there ever fuel storage on the property?
- How does this property fit with Anchorage's recently revised zoning and building codes? Any issues with potential zoning changes? Any code upgrades that may be triggered by a sale?
-Does the seller have any long-term rental agreements with tenants? Are those agreements assignable/transferable?
-What liability do you have if Anchorage or wherever pulls a real winter out of it's a** and there are 3 weeks of -30 in January and February? Will you get an indemnity from the seller about on-site water not freezing?
-Have you looked at the Southcentral or wherever long-term roadplan to see what road construction will occur in the next 1 - 4 years...with potential disruptive effect on traffic.
...and now so I can really feel superior: You joined the forum in May of this year. Is that the time period that you've stayed at the RV park? Have you stayed in Alaska in an RV or otherwise through an Alaska winter? There's been a cold day or two so far, but there will be many colder days in December/January/February. Are you ready/willing/able to assist RV owners with cold weather problems?
- How long have you lived in Alaska? Have you seen a boom-and-bust cycle yet (probably not as Alaska's been on a boom cycle for several years)
- Are you buying a fee simple estate? A leasehold? Is there existing financing on the property?
- Do you know the environmental history of the site? Have you had an environmental assessment done? Will you get the seller to indemnify you? (EPA and DEC will look to all owners in the chain, but the indemnity might provide some recourse to stop making purchase payments).
- Was there ever fuel storage on the property?
- How does this property fit with Anchorage's recently revised zoning and building codes? Any issues with potential zoning changes? Any code upgrades that may be triggered by a sale?
-Does the seller have any long-term rental agreements with tenants? Are those agreements assignable/transferable?
-What liability do you have if Anchorage or wherever pulls a real winter out of it's a** and there are 3 weeks of -30 in January and February? Will you get an indemnity from the seller about on-site water not freezing?
-Have you looked at the Southcentral or wherever long-term roadplan to see what road construction will occur in the next 1 - 4 years...with potential disruptive effect on traffic.
...and now so I can really feel superior: You joined the forum in May of this year. Is that the time period that you've stayed at the RV park? Have you stayed in Alaska in an RV or otherwise through an Alaska winter? There's been a cold day or two so far, but there will be many colder days in December/January/February. Are you ready/willing/able to assist RV owners with cold weather problems?
