Commercial real estate has a lot to offer. You can buy a strip mall, you can buy a parking lot, you can buy a warehouse, but what about something a bit more fun? What if you wanted to buy a campground or maybe an RV park?
If you’re a rookie investor, you may have never thought about investing in an RV park or campground, but there are some serious benefits to them. Since these are commercial properties, your ability to obtain seller financing is far more likely and you can build out multiple streams of income from one property, as opposed to solely collecting rent.
Kier Vogt is analyzing deals for her first campground purchase. She already has a private-money lender, but has to find a deal that fits her purchasing power and her criteria. Kier shares the mindset behind going into this completely new asset class, and how you have to push through fear to cold call owners, send in offers, and finally get an RV park or campground under contract.
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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Get Tickets to BPCon 2021:
www.bpcon2021.com/
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Register for Real Estate Rookie Bootcamp:
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Follow Kier’s Instagram Pages:
/ realestate.kier or @realestate.kier
/ likemindedinvestors or @likemindedinvestors
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Get the Book, “Raising Private Capital”
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Join the National Association of RV Parks and Campgrounds:
www.arvc.org/
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Follow Ashley and Tony on Instagram:
@wealthfromrentals or / wealthfromrentals
@tonyjrobinson or / tonyjrobinson
Episode 101
Show notes at: www.biggerpockets.com/rookie101
0:00 Intro
2:37 Flipping, BRRRR-ing, and Now Campground-ing
5:51 RV Parks vs Campgrounds vs MHPs
7:00 Developing Her Purchasing Criteria
10:25 Revenue Streams for RV Parks and Campgrounds
18:30 Analyzing Large Properties
20:36 The Time vs. Effort of Different Investments
23:34 Financing & Putting in Offers
36:21 Due Diligence
40:52 Responsibilities of On-Site Management
42:52 Mindset Segment
47:39 Rookie Request Line
48:45 Random Questions
52:01 Rookie Rockstar
1 июл 2024
