I’ve been reading some interesting articles recently about investing and one of them brought up the opportunities for investing in the golf sector. When I think of golf and investing together it’s usually about someone who invests in other things to play golf. Not necessarily investing in golf to make money.
Some of the areas covered were equipment and technology but the biggest is obviously real estate. One would think now is the time to strike and buy up golf real estate. Rates are low, the market has dropped by half. Courses that were on the market for $5 million a few years ago sold last year for $2.5 million. Ouch!
Funny but true: Bloomberg Businessweek mentioned that when you invest in real estate, rarely are you given a mulligan. I’m guessing I’ll need to do my due diligence. And in doing so, my visions of owning a golf course at a discount price isn’t as promising as I first thought. Almost forgot about a key expense – maintenance. Although the price for the course is low, the cost to keep it looking good hasn’t really changed.
Oh well, I’ll just keep plugging away and dreaming.
Disclaimer: I am in no way qualified to tell people what to invest in nor what they should do with their money…but if you want to send me money I’ll take it. Keep it in denominations of $20 bills or less and unmarked…just saying.
Hit’em long…yell FORE!!!