59 min listen
650: Glamping, Campsites, and The Insane RV Park Revenue No One is Talking About w/Heather Blankenship
650: Glamping, Campsites, and The Insane RV Park Revenue No One is Talking About w/Heather Blankenship
ratings:
Length:
76 minutes
Released:
Aug 18, 2022
Format:
Podcast episode
Description
RV park investments are probably not the first thing you think of when somebody says “real estate investing.” You’re probably used to single-family homes, duplexes, apartments, or something that has to do with long-term, residential real estate. What if we told you there was a hidden niche in the real estate investing arena, one with less competition, sky-high revenues, and almost unlimited ways to cash flow. Heather Blankenship has been in the short-term rental investing niche for more than a decade. It was much different back when she got started. On a coast-to-coast road trip, Heather had the idea to buy an RV park. She had no experience, no money, and knew nothing about hospitality operations. She was, quite surprisingly, able to find and buy a $3.2M RV park, which she’s now upgraded into a $15M property. Don’t get her story wrong, this is not a “fake it till you make it” type scenario. Heather put in years' worth of long days, longer nights, and enormous effort to make properties just like this one, finally profit. Now, with three kids and a portfolio worth over $30M, Heather has become one of the leading figures in creative short-term rental investing. If you’ve never thought about glamping, camping, or RV park investing, this episode will seriously pique your interest. In This Episode We CoverThe massive cash flow you can earn from RV parks, campsites, and glamping How the short-term rental space is softening and what hosts can do to stand outDitching the traditional travel sites and why building a direct booking site may be the best move for investors The dozens of ways you can make money owning an RV park or campsite Commercial financing, permitting, and everything else you must know before buying a large short-term rental property And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterHear Heather’s Interview on The “Real Estate Rookie” PodcastFanboy with Rob over Matthew McConaughey’s InterviewCampgrounds—The Investment You’ve (Probably) Never Thought AboutUse the BiggerPockets Tools on Your Next DealBooks Mentioned in the Show:The Gap and the Gain by Dan SullivanThe Ruthless Elimination of Hurry by John Mark ComerConnect with Heather:Heather's BiggerPockets ProfileHeather's InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-650Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Aug 18, 2022
Format:
Podcast episode
Titles in the series (100)
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