How to properly value a RV park and do Due Diligence

[Navid Shahrzad]

Hey everyone,

Me and my partner have found a RV park that we think has good potential and is in an up and coming city. We have already talked to the seller and we have agreed on a price verbally, but to be honest we aren't 100% sure if the pricing is fair, cheap, or too much for the property. We would like a second pair of eyes on the deal. 

Her husband had passed away and she is looking to get rid of the park, but the park really isn't making any money right now. We want to invest some capital and get the park back up to standards and start generating revenue. 

Wanted to see if I could get some guidance on who to reach out to and get some help. The property is near Houston, TX and would like help on how to properly value to property, how to do due diligence on it, and what to look for in the deal. 

If there are consultants out there as well, that would be an option. Any help is much appreciated. Thanks