Steve Farmer wrote:Paul, with your knowledge and your reputation and your following, if someone loaned you $1M to buy and develop and operate land, what would you do with that land to pay back that loan and make a profit on top?
I would have to decline such a loan. That would fall under the space of "obligation is poison."
However, if I had a million dollars given to me right now, I would hire professional timber framers to finish out the existing wofati projects, the freezer wofati, and then work on the bathhouse and other projects that were scheduled to be worked on this year. I would farm out the round door project. I would find a headhunting outfit to find me the resort manager, permaculture educator and three natural builders. I would also hire a full time gardener to build and plant permaculture systems throughout. I have an idea for an event that I think would earn a lot.
That would spend about half of it. And I think within a year I would have most of those funds back.
The second half would have to wait a year as we wait for the results of the ATI test. Then begin the design and build of the wofati for "20 people under one roof without stabbing each other." That would consume the second half.
Then the land is divided into four sections.
With the permaculture educator, I think by the third year, we should be bringing in about $200,000 per year with the PEP1 program. With the resort manager, we should be bringing in about $200,000 per year with renting out the small shelters - plus $400,000 per year in events. With the natural builders, maybe $200,000 per year in deep roots packages, complete with wofatis.
And that's just the beginning.