Build Real Estate Wealth When Investing In Tennis Courts
Tennis is one of the most popular sports in the world today. And the people who actively play tennis are:
* Usually in the middle class and above income level, own their own home, two cars, several credit cards, for example.
* Highly enthusiastic about their sport and are willing to spend generously to enjoy it year-round on a nearby court.
Enthusiastic for life; many tennis players enjoy playing into their nineties！playing almost
every day of the week.
* Always looking for places to play year-round, summer and winter, indoors or outdoors.
* Willing to finance a good facility with membership dues, initiation fees, monthly minimum fees, time purchases, or other fees. Hence, you ' can tap
your membership for various financing needs of the facility.
You can build wealth as a real estate BWB (Beginning Wealth Builder) by buying and owning one or more, tennis facilities！either indoor or outdoor. Your keys
to success as a tennis real estate BWB are:
* Own the tennis facility, namely the ground and building, if any. (Outdoor tennis courts may not have a building.)
* Rent the land for your facility from a land owner for a stated number of years！usually five, with a five-year renewal option in the rental agreement.
* Lease your facility to a tennis expert (if you're not one yourself) to operate for five years, or a longer time.
* Have your attorney write a Net Net Net lease. This means your tennis expert lessee will pay you a monthly rental and will also pay the real estate taxes,
insurance, and maintenance on the facility rented from you. Thus, your monthly rent check is net net net！ free of these costs.
* Include rental increases in your lease！have your attorney prepare your lease with 3 percent or 5 percent annual rent rises for your tenant. Then your
income will keep pace with inflation.
* Use your tennis pro's lease as collateral for a loan for your facility for your first or second mortgage.
You do not need a permanent building on the land you own or lease for your tennis business. And you can still lease your facility on a year-round basis by:
* Having an inflatable "air bubble" building on the land that you own. The air bubble will allow winter play. And for year-round play, you can have your
air bubble building air conditioned to allow both summer and winter usage.
* Being prepared to pay $6 to $11 per square foot for your air bubble building. This compares to S36 and up per square foot for a light-steel prefabricated
building. An air compressor keeps your air bubble building inflated year-round.
* Knowing that your air bubble building can last for as long as 20 years, depending on the fabric used in it. And your building can withstand sustained
winds of 80 miles per hour and wind gusts of 100 miles per hour.
* Earning your real estate income from: your monthly rental payment to you from your tennis expert; the constant rise in value of your property with the
passage of time. (You can use this value rise as collateral to get loans to buy other income real estate to . build your wealth.)
So if tennis ownership appeals to you, look around your area for properties that might be for sale or lease. You can have fun while
building riches for yourself! You can also finance your facility yourself using a Limited
Partnership.
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