SHINTON
Well-Known Member
- Joined
- Mar 17, 2005
- Location
- Triad area of NC
My guess is, based on the discussions to date:
Core group of OWNERS will emerge here, this core group will include some NC4x4 folks AND folks that we KNOW / that are not regulars on here but are involved in 4x4ing that are financially stable as well.
To "make sense" as an 'investment' the property will end up going in the direction of multi use / revenue streams to pay for ongoing taxes, and payments towards paying the loan off.
Some of those would be:
Campground spots, rented on a weekend / or annual basis. This would also be tied into a riding fee and MAY NOT be available to the general public!!! In other words it is VERY likley that you will need to be either an
OWNER
MEMBER (of Leasing club)
or WORKER (trading time for riding rights)
to use the land. There maybe some open invites out there, but this creates a HUGE liability and so those invites maybe under some sort of umbrella like a quarterly SFWDA meeting that the property owners HOST, etc?
So this is a group "Members / Leasors" who do not have ownership in the property, but pay annual dues/lease fees for the right to ride on the property / use the campground. (Thinking "HUNTING CLUB") Obviously the amount of cash here is greatly reduced.
Next....timber sales / Christmas tree sales, this actually will go a long way towards offsetting original cost. In the case of Christmas trees, we would likely LEASE tracts of land to a Christmas tree farmer who plants, and maintains and harvest those trees.
RENTAL FEES: This maybe another revenue stream where a large / organized club rents the park for a given event. Think the Land Rover guys, or Hummer clubs, basically the same way the SuperLift park in Alabama runs 100% of the time.
So, three different ways (or 4 if you include park rental or SFWDA/UFWDA events) to ride. Owner, Member, Worker, etc.
That is just based on how many of the responders that have $$$ have come out. They do NOT expect to make a profit, all extra revenues to be reinvested in equipment, paying off the property early, etc.
The owners would have bylaws, buyout agreements, etc, and by making this an investment with multi-revenue streams, the banks are going to be interested as well.
My guess is for insurance purposes, we will want to seriously consider ALL Owners, Members and Workers to be SFWDA members / submit dues on our behalf to get us included into their umbrella liability policy for organized rides. (General Liablility policy outside of that for "Farming", maintaining, etc.)
Sam
Core group of OWNERS will emerge here, this core group will include some NC4x4 folks AND folks that we KNOW / that are not regulars on here but are involved in 4x4ing that are financially stable as well.
To "make sense" as an 'investment' the property will end up going in the direction of multi use / revenue streams to pay for ongoing taxes, and payments towards paying the loan off.
Some of those would be:
Campground spots, rented on a weekend / or annual basis. This would also be tied into a riding fee and MAY NOT be available to the general public!!! In other words it is VERY likley that you will need to be either an
OWNER
MEMBER (of Leasing club)
or WORKER (trading time for riding rights)
to use the land. There maybe some open invites out there, but this creates a HUGE liability and so those invites maybe under some sort of umbrella like a quarterly SFWDA meeting that the property owners HOST, etc?
So this is a group "Members / Leasors" who do not have ownership in the property, but pay annual dues/lease fees for the right to ride on the property / use the campground. (Thinking "HUNTING CLUB") Obviously the amount of cash here is greatly reduced.
Next....timber sales / Christmas tree sales, this actually will go a long way towards offsetting original cost. In the case of Christmas trees, we would likely LEASE tracts of land to a Christmas tree farmer who plants, and maintains and harvest those trees.
RENTAL FEES: This maybe another revenue stream where a large / organized club rents the park for a given event. Think the Land Rover guys, or Hummer clubs, basically the same way the SuperLift park in Alabama runs 100% of the time.
So, three different ways (or 4 if you include park rental or SFWDA/UFWDA events) to ride. Owner, Member, Worker, etc.
That is just based on how many of the responders that have $$$ have come out. They do NOT expect to make a profit, all extra revenues to be reinvested in equipment, paying off the property early, etc.
The owners would have bylaws, buyout agreements, etc, and by making this an investment with multi-revenue streams, the banks are going to be interested as well.
My guess is for insurance purposes, we will want to seriously consider ALL Owners, Members and Workers to be SFWDA members / submit dues on our behalf to get us included into their umbrella liability policy for organized rides. (General Liablility policy outside of that for "Farming", maintaining, etc.)
Sam