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

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 4 August 2021

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

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

Transcript

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0:00.0	This is Real Estate Rookie, episode 101.
0:05.5	We love Real Estate, we're always going to be doing that.
0:08.1	But for the first season that that campground will definitely be focused on running it,
0:13.1	learning everything that we can, getting systems and processes down,
0:17.0	you know, just figuring, because I feel like it's like 15 businesses in one.
0:23.3	I'm Ashley, and I'm here with my co-hosts Pony,
0:27.0	and it is episode 101 Belmation.
0:31.7	So crazy, we're 101 episodes, and I think when I first came on,
0:36.7	we were up at the day of 37.
0:38.2	So we just went like boom, boom, boom, knock them out.
0:40.7	Yeah, so this week, we are doing a special series on campground and RV parks.
0:47.8	I'm super excited for this because this is what I want my next investment to be as a campground.
0:52.9	So as you all know, the show is for my benefit.
0:55.2	So we're bringing on, we have Kirsten that is coming on today,
1:00.0	and she is a rookie campground investor.
1:02.9	She is experienced by and hold investor, his fliptouses.
1:06.2	This is our first time going into a campground.
1:09.3	So she's going to talk about what she's been learning,
1:11.5	how she's going to do an acquisition and even the due diligence period.
1:15.3	And then our next episode, we are bringing on Heather Blinkenship and Heather
1:19.8	as an experienced investor in the RV campground world.
1:23.0	So we're going to get a chance to talk to both of them and hear from a rookie
	...

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