Purchasing a marina & RV park - may need due diligence assistance

[Jason Hartman]

I'm trying to acquire a boat marina/RV park and need assistance with due diligence. I've owned apartment complexes and SFRs but don't have experience with this asset class. Seeking an experienced person/investor to assist with due diligence. Thank you! 

[Jay Hinrichs]

I have done some RV stuff... not done any marina's however well located assets of these nature can do VERY well... although you need POP security systems ect.

also I guess it goes without saying if your buying in the west on a lake watch out for drought conditions... many marinas are on dry land now.

RV's will have pretty rigorous sewer system requirements  if they are not public sewer... so want to watch that.

And of course on site management and a way to control the cash.  its easy for management to steal in this business... so you need very good security and POP cameras etc.