Trying to start my family business with our first deal.

[Makiah Byron]

Hello! I am new to real estate investing and creating deals and I am trying to look for guidance. There is a campground in my hometown that we have been been around for my whole life that Is for sale. My family and I want to eventually start a contracting business for real estate management, and we think this could be a good foot in the door close to home. I’m looking for the best way to fund the down payment in a creative way that isn’t completely out of our pockets. Anything helps, thank you!

[Brandon Rush]

Hey Makiah,

Welcome to BP! I am not familiar with campground so, you can take my comments with a grain of salt. If you truly are interested, I am sure you can simply start by watching  few YouTube videos on the basics of running a campground. From there, you can probably give the campground owners or broker a call to inquire about the campground. They should be able to provide income and expenses on the operation. If do get a hold of the owners, maybe meet with them in person and learn a little more about the operation. In terms of financing, I would again, do a bit of You tubing and internet searching. Maybe speak with the owner and see if they are willing to seller finance the deal or remain as partners on the deals.

Just a few ideas off the top of my head. Good luck on your journey!