Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago on .
RV park project and increase sales price with high CAP rate
Investment Info:
Large multi-family (5+ units) commercial investment investment in Casa Grande.
Purchase price: $950,000
Cash invested: $100,000
Sale price: $1,660,000
RV park with 90%+/- year round residents
What made you interested in investing in this type of deal?
Repositioning and value add project with low rents and seller financing
How did you find this deal and how did you negotiate it?
Mostly driving for dollars
How did you finance this deal?
Seller financing with $100,000 down 4% interest 5 year call
How did you add value to the deal?
Major clean up, enforcing residents to keep their areas clean, improved the on-site roads, added on-site storage, and added a convenience store and manger's quarters
What was the outcome?
40% increase of rents, existing note discount, and sales price 2 times the purchase price after discount
Lessons learned? Challenges?
Management intensive low income project
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes on the resale. LOI within a couple of days after listing