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RV and Boat storage, man cave, sold as condos, how would that be structured
There is a huge demand for large rv/boat storage at the Lake of the Ozarks. Several developers are building large 25x50 storage bays. Insulated, electric and rough in for water and sewer. These are marketed as man cave, she sheds... The units are being sold individually but are part of a larger building on a parcel of property with several building. My understanding is they are sold like condos and have a hoa to take care of outside of building and property. My question, how would I go about setting this up? Does anyone have any experience with something like this?
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Let's say $3mm. Do you have the downpayment? Commercial you need experience and a track record. What is your REI background this far. Need to work your way up in size. What is your largest project to date. Have you out a revenue and cost model together? Make a design in paper and call for a erected building quote. Understand zoning in your area.
Recommend you do or be able to answer all of these. You need to do some leg work.