I wonder if lane leases with an hoa type deal would work?

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Buy a nice chunk of land , huge horseshoe berm of dirt n tires , use hoa money for upkeep and insurance…?

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I love your thinking!
Key Takeaways

  • If you buy a property in a planned community with an HOA, you will automatically become part of it and have to pay monthly dues
  • HOAs pay for maintenance and repairs for shared amenities and help settle disputes
  • HOA rules may restrict what a homeowner can do with their home, like putting up a fence or painting the house a certain color
  • Monthly HOA dues can be anywhere from $100 a month to $1,000 a month or more
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A little over a year ago, my wife took a job as an Association Manager for a company that manages HOAs and Condo Associations. She manages about 12 properties that combined have over 1000 units. We will NEVER live in a Condo or HOA! They are their own little dynasties with regular fights and nitpicking the board members and AMs to death! If you do decide to live in one, get on the board! This will keep you in the loop on what is happening that most residents read about after the fact and the boards really need good people to serve.

If you HOA has a range, make sure it is covered by liability insurance.

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What about a co-op?

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I’m talking about starting a range with an hoa.

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Is the range going to be part of an HOA, adding a range to an HOA or opening a range with group ownership and organized as an HOA or a type of private club?

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Opening range with hoa type of deal.

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I’m not sure how that would work since it doesn’t appear that there would be any individually owned units. HOAs include some property that is owned individually within the the confines of the association that includes those units as well as common areas shared by some or all of the unit owners. I’m not saying your idea wouldn’t work, I just think the organizational aspects do not fit in an HOA model.

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@MikeBKY --wouldn’t it make more sense to start it out as an LLC or an LLP?
Both would provide ownership opportunities and revenue sharing depending on how they’re structured, wouldn’t they?

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I was thinking about it as a land purchase with a membership as a non-profit under 501(c)(7) for Social and Recreational Clubs. https://www.irs.gov/charities-non-profits/other-non-profits/social-clubs

I am NOT a tax attorney and this is not providing legal or tax advice!

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