9973720wb19
Platinum Member
I'm thinking about buying an old horse farm that is 45 mins away from my home - it would be a good long-term investment, but I don't have much time to maintain the property. It has about 40 stalls, several barns and a 3 bedroom small tenant house. Just to check my thinking/plan...is it reasonable and viable to plan on having a tenant/caretaker: 1) live on the property, 2) share the boarding money (after expenses), 3) not pay rent in cash but in exchange for maintaining the property and boarding customers. I would invest in the equipment (tractors, mowers, handtools, etc.) for the tenant.
In most cases, who supplies the food and other items for the boarding houses - the Landlord or horse owner? This would be all new to me, but over the years, everytime I went by this property, I was overwelmed with how beautiful it is...now it's for sale!
In most cases, who supplies the food and other items for the boarding houses - the Landlord or horse owner? This would be all new to me, but over the years, everytime I went by this property, I was overwelmed with how beautiful it is...now it's for sale!