You may not even own an RV park yet, but you eventually will, and at some point it will come time to sell it. In this episode of the RV Park Mastery podcast, we’re going to review the top 3 action steps to maximize your sales price and better ensure that you get top dollar as well as a faster closing. Since the price you achieve will tell the tale on your total overall return for the RV park it’s essential that you do as good a job in selling as you did in buying and operating.

A common question for most investors is whether it’s more profitable to build an RV park from scratch or to buy an existing RV park. There are many issues to consider on this topic, but here is a basic explanation of the good and bad aspects to both.

One of the key goals to buying an RV park is to maximize your return on investment. So how do you do that? In this episode of the RV Park Mastery podcast, we’re going to drill down on the top 3 action steps that smart operators take to increase revenue, decrease cost, and stay on top of all things financial with their property.

Some people consider the supply of RV parks in the U.S. to be completely fluid – that you can basically build them anywhere. I get at least a call a week from somebody wanting to build an RV park on some raw land somewhere. But the reality is that successful RV parks cannot be built with abandon and that, in many markets, the supply of RV parks is effectively static. So why can’t you just build an RV park anywhere?

The typical RV park purchase is one in which the buyer buys the RV park asset from the seller, using a survey and property schedules to delineate what comes with the price tag. However, some sellers will try to convince you instead simply to buy the stock in their LLC, Inc. of LP – whatever the entity formation – as a method to attain the same goal. Sadly, this is not the case. And, in general, you should never buy the stock in an RV park instead of the basic asset.

In most real estate investing you make your money on the front-end, with your selection of property and your assessment of its traits and financial performance. RV parks are no different. So how can you buy an RV park in the smartest way possible, giving you the best chance of success with the least amount of risk? In this podcast we discuss the Top 3 Action Steps in successfully buying an RV park.