You guys keep telling me I only show the wins. So here's a recent loss.
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Day after we closed, we had to drill a new well. $28,000, right out the gate. 😅
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Here's the part that matters though: we knew. We found it in due diligence, priced it, and planned for it before we ever signed.
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The reason we could cover it is how the deal was structured.
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Bear Grass RV Park and Resort, closed March 31st, and we got paid $34K to buy it.
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The seller also let us keep the operating account, so money was already coming in when that bill showed up.
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The 14 tiny homes, lodge, and 25 RV pads will make up for the money spent of the well.
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You don't avoid problems, you build the deal so a problem doesn't take you out.
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Comment or Dm me "AZ" and I'll send you a ebook I wrote breaking down how I find these, what I say to the seller, & how it works with no bank involved.
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#realestate#rvparks#investors