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The Intrinsic Value Podcast - The Investor’s Podcast Network

REI115: Investing in Campgrounds w/ Heather Blankenship

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 28 March 2022

⏱️ 65 minutes

🧾️ Download transcript

Summary

In this week’s episode, Robert Leonard talks with Heather Blankenship about investing in campgrounds, RV parks, mobile home parks, section 8 multifamily properties, and much, much more! IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 08:23 - What campground investing is. 13:28 - Why investing in campgrounds is an interesting strategy. 23:15 - What seller-financing is. 27:00 - Which return metrics to focus on when analyzing campground deals. 32:09 - How to improve the net operating income and value of a campground. 37:02 - How to utilize seller-financing to acquire campgrounds. 48:57 - Why section 8 has a stigma around it that isn’t true. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Robert Leonard’s book The Everything Guide to House Hacking. Learn about our Investing Starter Packs on real estate. Gary Keller’s book The Millionaire Real Estate Investor. Cameron Herold’s book Vivid Vision. Heather’s women community All of Robert’s favorite books. Are you a looking to start investing? Check out our article on How to Invest in Stocks: The Ultimate Guide for Beginners. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert (@therobertleonard): Website | Instagram | Twitter Connect with Heather: Website | Instagram | TikTok Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.3

So there were people living there in their campers.

0:05.4

There were 100 people living there with refrigerators and mailboxes outside.

0:09.7

And they were paying $300 a month.

0:11.9

And that included everything.

0:13.8

It wasn't anywhere near enough to pay all of the bills.

0:19.4

In this week's episode, I talk with Heather Blankenship about investing in campgrounds,

0:24.5

RV parks, mobile home parks, section 8 multifamily properties, and much, much more.

0:30.8

Heather Blankenship is an entrepreneur and real estate investor focused primarily on RV parks,

0:36.0

mobile home parks, and Section 8 multifamily properties.

0:39.3

She has 11 years of experience as an investor and niche broker covering RV parks and

0:44.9

mobile home parks and has supported over $300 million of transactions in her industry.

0:50.2

If you've been listening to this show for a bit now, you've likely heard me talk about how I've started investing in RV rentals.

0:58.2

And also, you'll hear in this episode that I've spent a lot of time in my life at campgrounds.

1:03.5

So when Heather reached out to me to come on the show and talk about investing in campgrounds, I was super excited to chat with her and learn all about it.

1:12.0

I hope you guys enjoy this week's episode as much as I did. Let's get right into it.

1:19.3

You're listening to Real Estate Investing by the Investors Podcast Network, where your host,

1:24.8

Robert Leonard interviews successful investors from various real estate

1:28.8

investing niches to help educate you on your real estate investing journey.

1:41.2

Hey, everyone, welcome back to the Real Estate 101 podcast. As always, I'm your host, Robert Leonard. And with me

1:47.6

today, I have Heather Blankenship. Heather, welcome to the show. Thanks for having me. I'm looking forward to

1:54.2

our conversation today because we're going to be talking about a few different types of assets in real

...

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