Building an RV park from scratch. Newish investor.

[Morgan Menshouse]

Hello everyone!  This is the first time I am considering commercial real estate. If anyone has expirence in this area and can suggest tips or guidance. Recently, I have had the desire to purchase a 3-4 acre plot of land and build an RV park from scratch. This includes purchasing the property, graveling the lot, installing utilities including septic. Again, assume I know nothing in this area so any advice is much appreciated. Thanks! 

[Henry Clark]

@Morgan Menshouse

Advice:

This is your first post and you're asking for entire book in a forum post. 

You need to do a lot of work yourself as follows:

1.  Have you read every post in this forum on this topic?

2.  As mentioned above have you joined a specific group or taken training on this topic?

3.  3 to 4 acres is either the worst or the best decision you ever made for your first outing.  Do you understand why?

4.  Do you have $100,000 for the fire hydrant?  $50,000 for the storm pond?  $50,000 for the engineering plans? Do you have the $30,000 for the interest cost during construction and rent up?  What is your market like, both occupancy, availability and rent rates? 

5.  Find 5 similar properties that are for sale, anywhere in the US and do your number crunching.  Each time bring to this group for review and suggestions.  You got to do the work.

10,000 other questions.  To many for this post.  Seek out a specific group, or as mentioned purchase an existing location first.