Posted by BillW on January 18, 2001 at 22:26:34:
Debra, This (the park itself)doesn’t sound like a very good or even a half good deal. I don’t care to invest in war zones. They’re OK for some people, but I will spend my time and money elsewhere. Too dangerous and besides, it wears on you mentally and physically dealing with the negatives associated with these types of areas. If you’re at all inclined, just try to put a deal together and let an investor put up the money. If no investor will make the deal, then you have your answer. You could put in your efforts to locate the park and possibly market it as a potential turnaround situation, but the details and the work are better left to professionals who have done these before. If you find someone who can and will turn this around, just watch and learn. Take a small percentage for yourself and learn. In the meantime, look for properties in good parks with people that have a problem.
Good luck. BillW.