Golf course investment properties

[Joe Farrance]

Hello

From wheee I’m at in upstate New York it would appear that golf courses are only used 4 or 5 months out of the year. So this made me curious are they a good investment in the snow belt regions?

So I came a cross a listing for a golf course in my area for sale, although I would like to purchase this my self I know I have no funding to make this happen, I would have to wholesale this to another investor and this leads me to my questions.

Are golf courses a good real estate investment?

Can you wholesale a golf course to a investor?

Can you use creative financing using no money down for such a large purchase?

What key finances should I look for in the financial reports?

Any help would be appreciated

Thank You

Joe

[Joe Splitrock]

@Joe Farrance golf courses in general are a tough business. Many struggle and go out of business. Selling lots on a golf course is one major revenue stream, although it runs dry after the lots are all sold. You will want to make sure the lots are on buildable land. If it is swamp land, that could be why the owner wants out. I love golfing, but I wouldn't get into that business.