Business Model
RV Parks
RV parks pre-date mobile home parks by about 30 years, being a fixture of American culture dating back to the 1920a. Recreational vehicles are an extremely adaptable product, serving both the leisure and housing markets – some people use their RVs for two weeks per year, and others live in them full time in RV parks across America. Two unique features of RV park investing is that you can find successful RV parks in remote and rural areas that cater to those who love the outdoors and that many owners self-manage their properties and relish in the quality of life enhancement of living in beautiful areas and working both inside an office and in the great outdoors.
The RV park business model is similar to that of the mobile home park, except for the fact that RV parks are much more focused the customer experience, since guests can often just be staying for a few days and RV park owners must compete for their business. As a result, amenities are important and so is quality management and attitude where customer service is key and repeat business is essential.
Rent Land
Marketing
Re-Investment
Business Model
RV Parks
RV parks pre-date mobile home parks by about 30 years, being a fixture of American culture dating back to the 1920a. Recreational vehicles are an extremely adaptable product, serving both the leisure and housing markets – some people use their RVs for two weeks per year, and others live in them full time in RV parks across America. Two unique features of RV park investing is that you can find successful RV parks in remote and rural areas that cater to those who love the outdoors and that many owners self-manage their properties and relish in the quality of life enhancement of living in beautiful areas and working both inside an office and in the great outdoors.
The RV park business model is similar to that of the mobile home park, except for the fact that RV parks are much more focused the customer experience, since guests can often just be staying for a few days and RV park owners must compete for their business. As a result, amenities are important and so is quality management and attitude where customer service is key and repeat business is essential.
Rent Land
Marketing
Re-Investment
Pros
Perfectly situated with the Baby Boomer megatrend of 10,000 new retirees per day
High yields
Millennials are favoring this type of travel in a big way
Ability to buy directly from moms & pops creates massive opportunity
Seller financing frequently available
Many owners self-manage and find the work extremely interesting and satisfying
Often the ability to live on-site in some spectacularly beautiful locations
A “happy” business centered around upscale customers and leisure
Cons
Requires exceptional due diligence as to not take a “leap of faith” based on seller’s numbers
Bank financing can be difficult in certain circumstances
Some “overnighter” properties have reduced occupancy as tastes change
Market Research
Articles & Reports
THE UNWRITTEN RULES OF RV PARK APPRAISALS
Like all sectors of real estate, every RV park deal eventually ends up with an appraisal being performed. The verdict of that value decision can either make or destroy your deal’s ability to get financing – a bad appraisal is more than most buyers can overcome. So how...
HOW TO MAKE A MOM AND POP RV PARK OWNER SELL TO YOU
So you’ve found the right RV park to buy, but there’s only one thing stopping you: how do you get the mom and pop owner to sell to you? It’s a problem that all buyers face, but here are some concrete techniques that we’ve learned from experience to help get the job...
WHERE THE OPPORTUNITY IS IN RV PARK INVESTING TODAY
RV parks can be an excellent investment, but only if you focus on the types of parks that succeed. Over the years, the specifics of RV parks has somewhat shifted, and it’s important that you understand what is working right now. The following is where the opportunity...
updates
Forums & Deals
Learning about and committing to investing in RV parks is only half the battle. The real challenge is finding the right deal to invest in. These resources will help you find the right deal to give a diligence focus and potentially buy. Remember that finding the right RV park is all about volume, so the more potential deals you look at the better your odds of finding the right one. Don’t just look at a few options, look at as many as you can find. Success in RV park investment revolves around making as many offers as possible.
Education
Books & Courses
Before you risk any capital, your first step is to learn everything you can about how to profitably invest in this niche. To accomplish that, there are both free resources as well as books and courses to aid in your quest for mastery of this real estate sector. We recommend that you take advantage of every opportunity to learn as much as possible before you invest your time and money. The most important trait of a successful investor is being able to quickly separate deals into a “might be an opportunity” stack versus a “not an opportunity”, as well as know the steps to conducting superior due diligence. In niche investing, knowledge is power – so get as much of it as you can.
Providers
Brokers & Lenders
No buyer can succeed without assistance from those who can source deals, as well as finance them.
Brokers are an important part of finding properties to buy. This is their specialty, and they typically have listings that are both “public” as well as “private” (those that they are not allowed to reveal to the public due to restrictions from the seller). Successful buyers contact all of the brokers in their niche to see what listings they may have, as well as to get set up in their email database for announcements of new listings. For a complete list of these brokers click the Learn More button below.
OUR MISSION
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