Buying a Golf Course

[Christian Beyer]

Hey BP,

I know this is a bit out there... does anyone have experience financing and completing the purchase of a golf course?

There is a beautiful, yet poorly managed, golf course near my home in Suburban Philadelphia near Phoenixville in Chester County that has peaked my interest. It is not for sale currently, but as the owners refuse to invest in proper management and general course etiquette I can’t imagine it will be successful for much longer.

Obviously I have no experience managing a golf course but a trained monkey could do a better job than these guys. A potential exit strategy would be using the land for development as it is a very desirable place to live with some picturesque scenery.

Anyone have any experience doing this or something similar?