Are dying golf courses an opportunity for investors? In a recent episode of Real Estate News for Investors, Kathy Fettke discusses the decline in the popularity of golf and how the real estate that many distressed golf courses are situated on are prime for redevelopment. According to her report, the trend (opportunity) is already well underway.
“Industry experts say, the average size of an 18-hole golf course is 150 acres. That’s big enough for about 600 new single-family homes. If you add townhomes and apartments to the mix, you could create new housing for thousands of people. And, most of these courses are located at the edge of cities, in nice neighborhoods, with good school systems…”
Kathy Fettke is the Co-Founder and Co-CEO of Real Wealth Network and is passionate about researching and then sharing the most important information about real estate, market cycles and the economy. She’s author of the #1 best-seller, Retire Rich with Rentals, Kathy is a frequent guest expert on such media as CNN, CNBC, Fox News, NPR and CBS. Her podcasts are a good one to have on your playlist.