Interesting Idea
[my 2 cents in brackets]
I guess I'll address this in points.
1) It's a GLAMPGROUND not a campground. It's also 1 hour from Vegas... and you obviously have no clue that its a tourist capital. Tons of locals like to get away without their kids. Almost everything in Vegas is anti kid and anti pet... and yet business is BOOMING. -
[if the property is in Parump - I know it well,I used to have a client/friend that had a brothel and winery there[no connection anyh longer] - so there is some higher end dollars out there. and this was over 20 years ago. I think there is still some lower demographics to factor in - for you are not going to target locally - hit it up on Airnbn and the more offbeat and like you were saying destination based is the key. One big factor no one mentioned is lack of ammenities in town and how friggin hot it is out there. I think to have year round you have to solve the AC issue - maybe solar and more of a yurt type of thing or even a geo dome etc. more rigid structure etc.]
Pahrump is far enough away for it to feel like a vacation, but close enough so they can get home in an emergency.
2) Just because you are incapable of succeeding with something like this doesn't mean I am. I've already considered infrastructure costs and already have several investors interested in the idea, which we plan to role out in phases.
[its more than costs - its feasibility and marketing and offer a unique proposition]
3) Campsites make $25 - $50 per spot per night... but Glampsites make $200 - $500 per night. I'm not in this to collect pennies.
go airbnb - make an all encompasing destination and some value add etc to make unique. maybe target large groups to have a retreat etc companies, or church groups etc. or like others said more secular etc]
4) I have a youtube channel with over 20k subscribers and mailing list built over years with 30k+ subscribers that buy my books, content, etc. I also know other YouTubers willing to promote it.
[text the link, will check out. go all out on FB and email lists to build interest]
5) I made a lot of money in crypto over the last year and most of the money that will be put up is my own.
6) I will also be placing 12 Helium (HNT) miners across the property to mine HNT coins 24/7. Estimated income based on our 11 current miners is roughly $5,000+ per month whether we book a single site or not.
[is the cost of electricity the determining factor for adding crypto? if so can you just focus on a solar farm with underground miners etc [to keep cpu's cooler etc.] - is that a feasible enough project - add eth or solano etc to expand etc. I like the crypto angle and if you really know it then could be intersting concept on its own. I would try to simiply the offering by telling investors its a glamping and subsidized by crypto mining then they might get confused. simpler the better in my book. if you had a way to scale the crypto to a solar farm and some kind of sustainable housing and have some kind of conference or meet up etc. ]
7) Our first 18 Glampsites will be fully paid for out of pocket and the land only costs $1700 per month, which I only owe $149k more on. No worries on losing the land and since the first 18 sites will be free and clear... no ongoing loan overhead for those.
[can you develop with some kind of tiny home communitity and subdivide as a tenant in common or co-op - give owners a stake in the project and do seller finance and keep the difference in mortgage payment -ie create equity through higher sales price with seller financing etc - big need for non traditional financing etc.]
8. We plan to rent those 18 spaces out for $200 per night each. Only booking 10 days out of 30 gives us $36,000 per month. $36,000 + $5,000 = $41,000 per month gross. Not counting staff and upkeep... still only $1,700 per month out of pocket until the land is paid off. Also, these first 18 will be on a 6 acre themed section of the land. We'll be using the profits from this section to build the 1 acre wedding venue, which we'll charge $2,500 for 6 hours. Another $25,000 per month if we only book for 10 days.
[hmm, fully furnished and with theme and such to get those figures at $200 per night. I have a few airbnbs and rent at a decent rate and 100% full, I offer really cute options and add value etc. 66% vacancy is alot, lower the price and have higher occupancy, go for long term value and increase to get traction.] If I am coming from CA and can go glamping or go to the strip and rent a hotel for $125 per night I would have to really feel the experience is unique and add value. and again no A/C - huge deal breaker]
9) We're going into this assuming our sites will only be booked 1/3 of the time.
We've already calculated landscaping, pools, bathroom, staff, etc. We've worked this out in phases. We know what we'll be adding from Phase 1 til finished. My friends and family are already on board to invest even though I don't usually mix biz and personal.
I also make over 6 figures a year outside of crypto because I have royalties constantly incoming along with other sources of income. The thing you don't know is that I'm big on owning my stuff outright. Real estate I'm willing to buy with loans and let other people pay those loans off for me. What I won't do is take out loans to fund the building of the land, which is why people end up in financial trouble. People are welcome to invest, but I won't borrow.
[syndicate or crowdfunding could work]
There's always going to be negative people that think they know what complete strangers are and are not capable of making work. You're one of those people I see. You literally know nothing other than what you've read and think you have the full picture. You don't.
I was asking for advice and saying "this will never work" is not advice at all. If you wanna be helpful, then please feel free. If you just came to be negative I'll pray for you because there is clearly something wrong in your personal life if you jump on here just to spread discouragement based on your in inabilities to make things work.
God bless.
[perseverance and focus and a good value is what you need to make this work. Furnished rentals and airbnb have changed the metrics. Keep pushing and keep us posted]
