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Updated almost 4 years ago on . Most recent reply
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Tiny house village or RV Park
Has anyone ever invested in (built or bought) a tiny house village or RV park? Was it a good ROI? Do you have any tips, tricks, or advice for me in that arena?!
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Howdy @Lesli Watson
I have recently started looking at RV Park Investing. They are similar to Mobile Home parks. Many are a combination of both. Every thing I have read and looked at recommends buy an existing Park. The start-up costs for new parks make it limited to achieve a decent ROI. Look for Mom and Pop operations that may not be performing to their potential and have room for expansion.
It is difficult to get financing for RV parks without having a sound business plan and experience. For this reason many Sellers offer Owner Financing. A 30% Down payment is common .
Recommend you check into the RV University website. That can get you started in your quest for knowledge.