Thanks for the concern.
In order to build the park, I needed access to all the utilities and hwy frontage. I had to buy three different properties to get everything I wanted. Kind of a real estate nightmare that somehow worked out. Now I have over 300 acres of land. It's more than I need and too much debt for me to carry to make the next step in the development.
I've cut off the back 200 acres to sell. I've sold it twice on my own last year, but both times it fell apart. First time was a development group that couldn't get together on who was in charge and what they wanted to do. Too many chefs. The second time the buyer didn't show up on the day of signing. I threatened to sue him for half the survey, which he paid, but otherwise I'm back to square one.
Survey of 300 acres cost $9,500.
I've been buying a selling realestate in this area for the last couple years with the same realtor. I listed it with him a few months ago for $350,000. We had some interest at first, but it died down during the holidays. So far this week, I've had three serious inquiries into the place. It's priced to sell quick, as I'm not into making a profit on it, just want to free up my credit to build the park.
The house is a spec I built. It's a brand new 3/2 1,866 sq ft of living area in a nearby town. I've had four buyers who couldn't qualify. This week I lowered the price $5 grand and increased the buyers commision to 4 points.
I'm keeping the 100 acres and barn that I live in. This is all part of the plan to build the park.
I work on getting the land ready and doing a few projects on my own until things really get started. I can clear roads, pastures, building pads and dig a few ponds for the cost of diesel. Once the funding is in place, then I'm paying labor to do these things.
Eddie