The investor is already there. The previous/current owner who isn't very likely to have someone walk in with that much cash when there are so many properties available everywhere. The Vogue thing now is property that is already considered multiple rental units, you are describing what could be zoned commercial and commercial property is about to crash as well.
A haunted house doe not need to own the property. Nor plan to renovate anything. It just needs space available. It could be used seasonally until this guy does run into someone with money or a deal could be made that as the event makes money the charity would be the one to help him out of this situation, by grooming and maintaining the property.
You actually never want to really fix it up. You can run a seperate power pole, your own electrical harness and that goes with you if the property get sold or until an afordable, completely realistic rent/ owner finance situation can be realized.
The guy would be helping the boy and girl scouts and the boys and girl scouts would be getting an education in helping the community. You get to have your haunt and build up proper facilities that are gypsy in nature and will last, be available in any location in your area. You develop and understand how many people actually come to your event and from this can prove percentage returns are responsible financially or you are being some crazy philanthropist and the boys and girls need to do some car washes if they want to keep scaring.
There are places in the country where you can by 3 acres for $6,000 and for what you describe in money, 174 acres that keep growing into a scream park, christmas and lake side destination. That is also where the investment is. Where you can buy low and make something. Also the return percentage is generally their money back plus 30% for cash while the wall carriers get about 10 to 20%
You should be more on the level of getting this guy to completely donate the whole property to the boy scouts as a tax write off. That way it no longer is something he has to keep mowed and pay property taxes on. He gets free tickets to the event and the knowledge that he did something great. Or there is something going on with the history/present owners like it is someone's kids hoping to cash in a deceased parents life savings and you would just have to let it pass until the taxes never get paid and you can get the whole thing for $5,000 in taxes.
Going from home haunt to pro charity haunt can be done completely for $10,000 to $25,000 by renting property for only 2 to 3 months or having said property use donated.
If you ever get rich again or can prove the attendance to your vent is producing big returns, then things change. Then you decide to be the one to help out the boy scouts and pony up for the property for ever. It isn't getting sold at any time requiring them to find a new place unless they monetarily outgrow it. Like attracting 3 other regional troups to operate multiple haunts etc seeing more than 10,000 to 18,000 people. Then you have parking problems and if everything was managed properly, you ave all the resources already donated and on hand to go to the next level.
You have to get everyone motivated and involved more on the line of you can do a haunted house or clean 2 miles of highway to prove how great the boy scouts can be.
Last edited by Greg Chrise; 05-17-2009 at 03:47 PM.
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