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Updated over 2 years ago on . Most recent reply

User Stats

29
Posts
9
Votes
Bradley Cladianos
  • Investor
  • Reno, NV
9
Votes |
29
Posts

Happy Camper Capital RV resort investment

Bradley Cladianos
  • Investor
  • Reno, NV
Posted

Investment Info:

Other commercial investment investment.

Purchase price: $1,150,000
Cash invested: $10,000

99 space RV resort with 3 cabins. We plan to expand this property by adding additional amenities ( pickle ball court, pool, hot tub and premium patio sites) This property is managed by our management company Beyonder Camp. We . Reach out if you are interested in the outdoor hospitality industry!

What made you interested in investing in this type of deal?

I love camping and enjoying staying RV resorts. As for an investment, one site can be rented 30 times through out the month. Guests stay for a certain number of nights and they bring their own RV. You don't have deal with evictions or repairs or rv's like you would with Mobile Home Parks.

How did you find this deal and how did you negotiate it?

Off market lead from broker

How did you finance this deal?

Private money

How did you add value to the deal?

Increasing nightly rates, improving visibility, and increasing/ adding amenities to the park.

What was the outcome?

So far we are meeting our expected returns to our investors.

User Stats

613
Posts
367
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Bonnie Griffin Kaake
  • Real Estate Consultant
  • Denver, CO
367
Votes |
613
Posts
Bonnie Griffin Kaake
  • Real Estate Consultant
  • Denver, CO
Replied

@Bradley Cladianos  That sounds like a great investment. RVs are being sold at record numbers and finding a place to camp is becoming more and more challenging. Add to that the fact that you likely have far more than the $10K that you invested in this property in tax benefits and added cash-flow with cost segregation. If you haven't secured a good engineering-based estimate/pre-analysis, you are leaving money on the table. The icing on the cake are the 3 cabins on the property. Let me know if you want more information. 

  • Bonnie Griffin Kaake
  • Bonnie.Kaake@CSSIservices.com
  • 303-475-4459