All Forum Posts by: Sung H Kim

@Sung H Kim Depending on your location netting will likely be required at least on both sides of the range to help prevent balls from straying. We had a proposed driving range in my town and the State Department of Transportation was going to require them to have netting that was 80ft high due to proximity of a road. The owner spent a long time arguing over this requirement because he was planning to do the groundwork himself with his own excavator/bulldozer and said the cost was prohibitive for poles this tall. This type of requirement and excavation work might be more common in other areas than it is mine

Re: Top Golf.

In my experience this is a very fun way to be in a driving range.

If you are interested in this , you might want to go to a city that has a top golf- like Las Vegas.

Take advantage of every service as well as play golf.

Order something from every bar, order something from every restaurant, make the waitresses work for you, tour the place- the restrooms- the kitchens- the back of the house and walk the entire outside of the building. 

Walk the parking lot. Count the number of car parking spaces. Step off the edges of it as a square see how big it is. Step the edges has a square of the entire lot see how big it is. 

Step off the edges of the parking lot to see how big it is. 

Look at the entrance aprons which is the commercial name for where the cars pull into the parking lot they are special cement design. 

Look at the outdoor lighting count the number of lights. Call the company ask to speak with 3 or 4 or 5 or 10 owners. 

Get a spiral Binder and write down everything in that binder as well as take pictures with your cellular phone.

Look at the cars in the parking lot. Do they look like poverty people cars, rich people cars, or working class W2 people cars.

That will give you an idea if it is something you believe you can handle before going into the financials of the business , and by financials I mean the projected earnings of the business, and the earnings of other business owners that you interview. 

Talk to the owners about their experience with the franchise or - is it good bad , are they dictatorial, are they willing to work with you etc...

talk to a local SBA Advisor about starting your own business, there's a lot more to it than you might imagine.

Good Luck!

https://www.sba.gov/

man that sounds like a great idea! good luck!

 I would look at comparable driving ranges for size, amenities, what do they provide?  are you going to provide just a driving range or some putting greens as well? Never built one, if its straight driving range the cost is in the land as the only equipment is the machine to give the golf balls, the balls and the tractor to pick them all up. 

Have you considered putting <20% down for your house hack?

Hi @Udit Agarwal, 

I am a NJ Realtor who works in Hudson County, and primarily in Jersey City. Like Jonathan said, prices have gone up to make what you are looking for difficult, but not impossible. I am currently looking for a client of mine for a duplex in the Heights around the same price point, and although there aren't a lot, this type of properties do exist. The heights recently underwent change in zoning, so investors/developers are beginning to pay more per lot to build. This poses a solid appreciation opportunity if you buy in the heights. I work with many house hacking clients, and if you would like to talk further send me a dm, we should connect.