55 min listen
101: Campgrounds: The Investment You've (Probably) Never Thought About
101: Campgrounds: The Investment You've (Probably) Never Thought About
ratings:
Length:
58 minutes
Released:
Aug 4, 2021
Format:
Podcast episode
Description
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 CoverThe difference between RV parks, campgrounds, and mobile home parksAnalyzing larger commercial deals and performing due diligenceThe benefits of seller financing compared to bank financingSubmitting a letter of intent (even if you’re scared to do so)Self-managing a property to learn about the businessThe many different revenue streams an RV park or campground can offerAnd So Much More!Links from the ShowAshley's InstagramTony's InstagramReal Estate Rookie Facebook GroupLike Minded InvestorsBiggerPockets Rookie Podcast 102: $10M Profit On Her First Deal?! It's Possible with Campground InvestingBiggerPockets CalculatorARVCOutdoorsyBiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal ElrodBiggerPockets ConferenceCheck the full show notes here: https://www.biggerpockets.com/rookie101See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Aug 4, 2021
Format:
Podcast episode
Titles in the series (100)
2 Long-Distance Rentals with $0 Down with Tony Robinson by Real Estate Rookie