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Updated over 5 years ago on . Most recent reply
I’m looking to start an RV Park in the locations live.
Not sure where to start, Curious about financing and locating commercial real estate.
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Frank Rolfe
#1 Mobile Home Park Investing Contributor
#1 Mobile Home Park Investing Contributor
- Real Estate Investor
- Ste. Genevieve, MO
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Frank Rolfe#1 Mobile Home Park Investing Contributor
#1 Mobile Home Park Investing Contributor
- Real Estate Investor
- Ste. Genevieve, MO
Building an RV park from scratch is very risky. Lending is hard, getting the permits is hard, getting customers from scratch is hard. And the financial returns rarely justify that risk.
You would be vastly better off to buy an existing RV park that is poorly managed, and then fix it. You can sometimes buy these for less than construction cost (that's a win) and they already have existing cash flow and the ability to get a loan sometimes through the mom and pop sellers (and that's another win). And you already have a customer base to work from (and that's another win).