Well you have Mitch sold, which would be good if you were using his money.... Ever hear the saying put up or shut up? I think that advice would apply here. 1. So you have a private air strip. How does this help me? Are you going to fly my RV in? One has nothing to do with the other.2. Family RV Parks are like family farms, they do not make any real money. It is about living the life style, so if it is not something you would enjoy (while not making good money) keep looking.3. Most people do not like to do the same thing twice. With local people there are things you can do for repeat business. With people who have to travel to get there... Well first you have to do the impossible and get them there. Second you have to make them want to come back. No matter how awesome the tropics, smokey mountains, grand cayon, yellowstone, and on on... people want something new.So knowing this, you have two options..1. Don t open a RV park and stay the same.2. Open one say hello to a lot of headaches and debt.
your options would be to build or not to build You have a private air strip... that s awesome... i m jealous. realistically though, your options are this..First thing you HAVE to do is become a legal business. get an LLC or similar. S-corp may be better for you. look into your options before you do that, but you must do it. Make sure you are legally allowed to do this on your land.once that s out of the way and your business is FORMED legally, IMMEDIATELY go to work on your working capital.. IMMEDIATELY go to work on YOUR personal credit, and learn very quickly how to establish BUSINESS credit (which is very very very very difficult for start ups)ok.. lets say you have that started..here are your options..1. Find an investor who will spot you some money to build it the way you want to build it. of course then the investor owns a big chunk of it. 2. Start SMALL. plan the entire thing, but build it in sections. i don t know your acreage, but lets say there are 20 acres you can make into an RV park... make 5 acres into an RV park, and start making use of that immediately. use that revenue to recoup your investment and let it put you in the red again. that may take a year or two! by that time you have PROBABLY established a bit of company credit, as well as a little bit of equity and savings potentially, even if the savings is really just recouping your investment. take that and try to get a loan from the bank. if you re denied, use your investment money again... either way, build phase two once you have the money to be able to... then make use of phase 2... keep adding to it as you can.. within 2 years as an established business, you SHOULD be able to get a loan, or an open line of credit, or any of the things that companies and corporations are entitled to. whatever you do by the way DO NOT set this up as a sole proprietorship... there is no protection in this. also, another thing you SHOULD do is PERSONALLY own the land, and then charge RENT to your company for using the land. Do not sell the land outright to the company and do not donate it... that s my INITIAL advice.. there s one more thing you could do. when you say RV park, do you mean extended stay rv park? or let s go see the mountains for a weekend type RV park?? if it s an extended stay, you MAY be able to pre-sell lots to people in order to help you begin your build. another thing i would DEFINITELY do is to build a store / cafe / laundromat and maybe gas station kind of shopping center thing at the end of the property near the main road. not only could you get passing traffic, but everyone from the park would go there to buy stuff. anyway, i hope at least some of that sparked something in your head about what to do..I really do wish you luck! it s exciting hearing about people who have ideas. it s more exciting to hear that they ve actually done something with them..
are you located in texas, call acion they are a micro lending agency
