One of the unique attributes of owning an RV park is the opportunity to self-manage. Many owners fine this to be their #1 attraction to the idea of buying an RV park: the ability to live in a beautiful setting far away from the city, with the chance to work both indoors and outdoors, with a myriad of entertaining roles and the freedom to spend time as they wish. So how would buying and living in an RV park work? Here is a basic overview.
Read MoreThe June 2020 RV Park Investing Newsletter
While millions of Americans own an RV, very few people own the RV parks. And this scarcity has created a profitable opportunity for those who understand the business model and have the desire to make high levels of return. There’s also a component of enjoyment, as many RV parks owners choose to live on-site and leave their less happy work life in the past. If you’ve ever wondered about RV park investing, then here’s your chance to learn how it works.
Listen To Episode 1All forms of real estate are measured by rates-of-return, and RV parks are no different. In this episode we review all of the standard RV park performance metrics and explain how to calculate each one. Since it’s a competitive world when it comes to how you choose to invest your money, this episode will give you greater clarity on this unique investment option. You also need to have a firm handle on these terms when you start hitting banks and looking for financing.
Listen To Episode 2To hit impressive rates of return, all real estate is contingent on the use of sensible leverage. So how do you get a loan to buy an RV park? In this episode we review the various types of financing available for RV park acquisitions and discuss how to successfully obtain them, as well. Since debt is an important part of every purchase, the sooner you know the options and how to select the correct one, the better.
Listen To Episode 3Studies suggest that the average RV owner spends around 23 nights a year in an RV park. And many of these are in microbursts of 2 to 3 nights at a time. Studies have also found that the average RV owner goes on a weekend trip that is roughly 4 to 5 hours from their home –a radius of roughly 150 to 250 miles. So this makes the population within a 250 mile radius an important issue to consider.
Read MoreThe United States is currently in the middle of three catastrophes at one time: 1) Covid-19 2) economic disaster brought on by the quarantine and 3) urban unrest. But the end result is that these three events are actually pushing RV park occupancy ever higher. In fact, many Americans who did not even own RVs before the crisis began are now buying them up and hitting the highway to escape what they feel to be unsafe housing options in the cities. In fact, some RV dealerships are showing sales 30% to 50% higher than before any of this began. That makes RV parks one of the greatest contrarian investments in a troubled America. But why are RV parks doing so well?
Read More