All Forum Posts by: Account Closed

That's exactly what we want... and I've tried to convince the owner that owner financing is the way to go, but he has rejected that idea twice. I'm not sure exactly what to say to convince him... I did offer a large down payment, but the place has been in their family the whole time and I don't think they realize how hard it is to get financing for something like this. 

Thank you. Trying to familiarize myself with the format here, I clicked "connect" on your profile and failed to realize that I should have sent a message at that point. Tried again, and it won't go through because it's waiting for you to accept my request,  I assume. Sorry about that.

My family is interested in purchasing a campground in MI. The camp opened in 1973, and operated until 2014. It was very popular in the local area. The property includes 40 acres, some shoreline on a lake, a boat ramp, camp sites with electric, a bathhouse, bait shop, and a house, 2 mobile homes, and 2 cabins, a barn, etc. Cost is roughly 200,000. My wife and I want to live in the house, my mother in law in one of the mobile homes, and my son & his wife in the other mobile home. My son wants to run the campground while I continue driving a truck. We have been unable to find financing for the place, as the banks and mortgage companies don't seem to want to touch something like this. Does anyone have any advice on where we can turn for some creative financing options? Thank you.