wrong question: - Posted by Steve-WA
Posted by Steve-WA on March 21, 2006 at 22:07:31:
Is this a good deal - - - for YOU?
What do you want to make? What do you wnat to do? Work the numbers backwards - try an archive search for “numbers backwards” and read all posts on the four pages - yes, ALL.
At first glance, I am thinking - WoW!! That '99 could possibly retail for more than half of the 65K, and there are two other (sounds like non-park-owned) homes bringing income, and four empty spaces.
You need to know the income, expenses, and rotten easter eggs in this deal (hidden unpleasant surprises). That’s called Due Diligence - and there’s an article by Ray Alcorn on that subject, as well as groves of archived posts - start your research there, so that you can know what you dont know.
Since you say it is your ifrst investment, it may not be the right one for you. It is important, when you are buying a zoo, that you have some experience with animals. At face value, it DOES seem like a potential smokin’ deal, but there will be more.
Oh, yes . . . there will be more.