101: Campgrounds: The Investment You've (Probably) Never Thought About

Real Estate Rookie

As a successful real estate investor, you may be looking for bigger and better deals to take on, but sometimes those deals may come in a different shape and size. Kier Vogt had mastered buy-and-hold rentals, house hacking, and flipping. She wanted to take on a bigger challenge, something that would give her more responsibility with even more upside. After taking a cross-country drive, she found the asset class she was looking for: RV parks and campgrounds.

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.

Now, Kier is in the stage of analysis. 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.

In This Episode We Cover

The difference between RV parks, campgrounds, and mobile home parks

Analyzing larger commercial deals and performing due diligence

The benefits of seller financing compared to bank financing

Submitting a letter of intent (even if you’re scared to do so)

Self-managing a property to learn about the business

The many different revenue streams an RV park or campground can offer

And So Much More!

Links from the Show

Ashley's Instagram

Tony's Instagram

Real Estate Rookie Facebook Group

Like Minded Investors

BiggerPockets Rookie Podcast 102: $10M Profit On Her First Deal?! It's Possible with Campground Investing

BiggerPockets Calculator

ARVC

Outdoorsy

BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod

BiggerPockets Conference

Check the full show notes here: https://www.biggerpockets.com/rookie101

Learn more about your ad choices. Visit megaphone.fm/adchoices