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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Fri, 18 Feb 2005 20:58:56 -0700 /

Author of the message: "Gerald Buckmaster"

Title of the message:
Timeshare Business Development Question

Text of the message:
Greetings,
I have some land in on the outskirts of a town in Panama.  Tourism is a
significant industry in the town,  due to the elevation (no steamy days
here), scenic views, and ecological diversity.
I am thinking of developing a small six-unit cottage resort complete with an
American Menu restuarant.  I have access to a prime contractor in the area
who has extensive experience building quality residential structures.
My main problem is financing.  I just don't have enough to get started.  I
own the land outright, and I could build very slowly over the next 5 years,
but of course a resort under construction cannot turn a profit.
I am considering offering up 156 one-week timeshare lots @ $1750. apiece.  I
know I will need to let potential timeshare holders know the resort is not
developed yet and give them timelines for ground-breaking or getting their
money back.



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