REI157: Getting Started in RV Park Investing w/ Matt Whitermore

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 16 January 2023

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

Patrick Donley talks with Matt Whitermore all about RV park investing, his journey into real estate with a triplex house hack, his transition from the corporate world to real estate entrepreneur, his use of technology in the acquisition process, his experience in multi-family investing, and much more! Matt lives in upstate New York and is a consultant and investor in campgrounds and RV parks. His first RV park investment is situated on 26 acres that includes a world-class trout fishing stream. Before getting into investing, he worked as an analyst in commercial real estate finance and investments. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:56 - How Matt first got interested in real estate investing. 02:14 - His experience in house hacking a triplex. 03:28 - Some of the biggest challenges he’s experienced in his first deal. 09:25 - How a mentor helped him understand the benefits of RV parks. 18:00 - What kind of due diligence is involved in buying an RV park? 51:37 - Who his favorite real estate teachers are and how he views real estate courses. 54:47 - What his all-time best investment has been. *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’s book The Everything Guide to House Hacking. Raising Capital for Real Estate by Hunter Thompson. Raising Private Capital by Matt Faircloth. Best Real Estate Investing Advice Ever by Joe Fairless. The Real Estate God University. The Book on Estimating Rehab Costs by J Scott. Related Episode: Listen to REI115: Investing in Campgrounds w/ Heather Blankenship, or watch the video. 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 Patrick (@jpatrickdonley): Twitter Connect with Matt: Website | Twitter 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

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0:00.0	You're listening to TIP.
0:02.3	The first deal is the hardest.
0:03.9	You build all those systems and processes and relationships.
0:07.0	The second deal is going to be easier.
0:08.6	The third deal is going to be even easier.
0:10.6	And then you just keep that momentum.
0:12.9	You just roll downhill and keep it going.
0:15.5	And before you know it, you're going to have 10, 20, 30 properties.
0:21.5	In this week's episode, I interviewed Matt Wittermore about his journey into real estate
0:25.8	with the Triplex House Hack, his experience in multifamily investing, the advantages of RV
0:30.8	parks and how he adds value to them, how the transition from the corporate world to real
0:35.1	estate entrepreneur has been, and his use of technology
0:38.0	in the acquisition process. Matt lives in upstate New York and is a consultant and investor in
0:42.7	campgrounds and RV parks. His first RV park investment is situated on a world-class
0:47.5	trout fishing stream in the Catskill Mountains. Prior to getting into investing, he worked as an
0:51.9	analyst in commercial real estate, finance, and investments.
0:55.3	RV park investing seems to be gathering more and more interest and capital.
0:59.3	I really enjoyed learning about Matt's transition from multifamily investor to seasonal
1:03.1	campground owner.
1:04.3	I hope you guys enjoy this one and get a lot of value from our discussion.
1:08.3	Now, without further delay, let's dive into this week's episode with Matt
1:11.9	Wittermore.
	...

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