Many people know nothing about RV park investing. But others are aware of the opportunity. And if you are one of those people, the big question is if you are going to take action on that desire in 2022, or let another year pass without exploring the possibilities of building financial independence with one of these properties.
Read MoreWhen you buy an RV park, sometimes the seller offers to stay on as the manager of the property. Or maybe you’re thinking of approaching the seller to assume this role. Does this work? Here are our observations on this management concept.
Read MoreOmar Bradley was a U.S. General during World War II, and was known as a no-nonsense leader that had a continual focus on planning.
Read MoreThe above announcement came out in a market research report that caters to large portfolio-type investors, bragging about the potential in the RV park industry.
Read MoreThe “Great Resignation” is a national trend based around the fact that more Americans than ever before are not returning to their jobs post-Covid.
Read MoreThere’s an old expression that says “better lucky than smart” and that’s been holding true for RV park owners for years no as all American megatrends are fueling continually higher demand for RV park lots and there is nothing on the horizon to reduce this phenomenon. So what are the trends pushing RV park occupancy ever higher?
Read MoreIt should come as no surprise that nobody is concerned about your financial security as much as you are. And recent events show that, more than ever, relying on others is the worst plan you can make. The stock market and housing markets are at all-time highs despite Covid, inflation, urban unrest and world instability. So how can you take your own destiny into your own control? The answer for many is by buying an RV park.
Read MoreA recent study by a well-respected research firm produced some interesting statistics that should be of interest to any RV park buyer or owner. It helps to put into perspective the real motivations by RV park customers in the post-Covid era.
Read MoreShenandoah Acres is located in Virginia near the Shenandoah Valley. It’s a location that’s known for a scenic setting with fun activities. But it’s also now known to be a huge money-maker for the recent owners who bought it for reportedly $3 million and then sold it in less than a year for $17 million to SUN, a mobile home park and RV park REIT. It’s discussed in this article https://www.rvtravel.com/andy1003/ . The question is, how did this property go up in value around $14 million in less than a year?
Read MoreThe Biden administration is proposing new changes to all forms of government, including tax codes, immigration, energy and other platforms. Assuming that all investors want to be on the correct side of megatrends – which is true – it then begs the question: “how will these proposals effect RV parks in the years ahead?”
Read MoreEvery RV park owner will have a problem at some point. It may be minor like not being able to decide between two different banks on a loan, or it may be major like a flood or a reduction in revenue due to road construction. But how we approach problems is extremely important. Many of the top business people in U.S. history saw problems as learning experiences to shape and improve their finances. They did not fear problems but they embraced them. And this is a much more healthy approach.
Read MoreWe’ve all heard the rhetorical question: “is the glass half empty or half full”? It represents two different perceptions: 1) optimism or 2) pessimism. It’s a fact that most people fall into one of these two camps. Of course, both have their benefits for self-preservation, but it can also hurt your ability to buy an RV park if you listen to only that one portion of your personality and not moderate it with other viewpoints.
Read MoreIt is estimated that there will be roughly 51,000 new sites of expansion in the U.S. among existing RV park owners. In many markets, this can be the right choice to expand your profitability and the depth of your product offerings. But is this the right choice for your RV park? Here’s a primer on the key issues to consider.
Read More2021 will be no different than 2020 if you don’t take action today. Just like a gardener, you will not have a majestic oak in the future unless you plant that acorn today. And if you want to improve your financial health, then this is the time to make movement. For many investors, the correct action should be to buy an RV park. Just one of these assets can change your financial stability for generations. So how do you take the first steps toward successfully buying and operating an RV park?
Read MoreThe concept of “retirement” is overworked and commonplace on any investing website. But their concept of “retirement” and yours may be completely different. Sure, you’ll get social security, but at $1,200 per month on average it’s less than impressive. So what’s your plan? For many investors, a good one is buying an RV park. And it only takes one if properly purchased and operated.
Read MoreIn the journey to buy an RV park at the correct price, it is common practice to have a period of renegotiation. Remember that the seller knows much more than you do when you sign that contract, and as you learn more of the facts in due diligence, it’s perfectly reasonable to need to adjust the price to reflect that reality. So how do you do it properly?
Read MoreThe Presidential election is over and it’s time for RV park owners to harness the power of Biden’s initiatives to make money. And, from all appearances, there a number of potential pushes by the new administration that can be a profitability driver for RV park investors. So what are the opportunities coming with the new administration?
Read MoreNobody buys an RV park for cash – at least not anyone trying to maximize their yield on the investment. While buying without debt may make you feelsafer since there’s no risk of foreclosure, the truth is that the ability to obtain sensible debt is what makes real estate the #1 source of wealth in the U.S. Debt allows you to buy RV parks that are roughly 5 times bigger than you could with just cash, and then the spread between the interest rate and the cap rate is what allows you to hit 20%+ cash-on-cash returns given the right ingredients. So how do you obtain financing on an RV park?:
Read MoreAn RV park is, by definition, an income property – it’s value is based on how much income it produces. Some sectors of real estate offer low returns and others higher. But to really make impressive returns a property has to provide some simply tools to drive the numbers to a high level. And RV parks offer these tools. So what are the three steps to making a huge return with an RV park?
Read MoreRV parks, like all real estate, offers higher yields in situations of higher risk. But this can also serve as a buying opportunity if you can find methods to lower the risk while keeping the higher yield. So how can you have the best of both worlds with an RV park?
Read MoreThere are basically three types of RV parks in the U.S. today: “overnight”, “destination” and “extended stay”. Each has a different niche, and all niches are not created equal, so the question is which of these three is best positioned going forward? Here would be our analysis.
Read MoreThe RV park business model is fairly simple, yet too many investors don’t understand the mechanics and therefore miss the entire opportunity. With traditional investing faltering as a result of Covid-19, alternative investing is far more profitable – but only if you understand how it works. So here’s the plan to make money with an RV park.
Read MoreDue to their locations, many RV parks – but not all – receive their drinking water supply from a well. And there is a huge amount of false assumptions that most Americans have regarding these wells and how they work, as well as what can go wrong with them. So what’s the truth about RV park water wells?
Read MoreAttorneys can be an important piece of your arsenal of weapons when you have a problem or in deciphering a complicated contract. But they can also be a disaster when it comes to making RV park deals if you cede control to them. Here’s how an attorney can go from a help to a hindrance with an RV park purchase if you don’t keep adequate controls over them
Read MoreWhen you’re looking at buying an RV park, one of the key ways to develop sizable deal flow is to work with the various industry brokers. Of the deals we’ve bought over the past 25 years, the majority came from brokers, with the balance a mixture of on-line listings, cold calling and direct mail. So how can you do a better job of developing a broker base and increase your deal flow with them?
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