California City HipCamp Land

[Zach Cummins]

Investment Info:

Other buy & hold investment in Chilmark.

Purchase price: $3,200

Just bought this piece of vacant land. 2 acres out in the desert. The plan is to make it a cash flowing HipCamp.

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

This deal fell into my lap from a client of mine. But I have been interested in doing a HipCamp style property.

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

The mother of a client of mine didn't want the land anymore and so I paid her what other acquisition companies wanted to buy it for.

How did you finance this deal?

cash

How did you add value to the deal?

I haven't added any value yet. But We plan to build a deck on the land to start and then make it an easy place to camp on the land. Open to any suggestions from other with experience!

What was the outcome?

Still working on the outcome. Hoping for profitable HipCamp year round. Does anyone have experience with HipCamp?

Lessons learned? Challenges?

Make the land as inviting as possible for the location.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am the real estate professional. Hit me up!