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Updated almost 6 years ago,
Rv Parks for long term tenants...good investment or no?
My husband and I are fairly new at REI. We own 3 properties in Texas and just recently sold our home in San Jose. Our plan was to buy a travel trailer park it in an rv park in the area (southbay) but from over 15 parks I've inquired about none have availability. They all have told me they have waiting list of months. I know the outrageous rent increases in the bay area have brought on the demand for rv soaces. So my husband and I just thought why dont we just buy the land and convert it into our own rv park. Crazy? Maybe. We obviously need to do a lot of research before embarking on something like that. But I would like to know your opinions on how profitable, or not, would you think something like that would be. We were thinking of at least 2 acres and probably hire managers to run it. What are your thoughts.