All Forum Posts by: Lann Smith

Hi BP members!
We own lakefront land in Texas that we have designed and permitted for an amenity rich RV park. Bank financing is lined up, we are nearly "shovel ready" and now we are looking for 1 or two passive or JV partners that would like to build, operate, then potentially sell this park in 5 to 7 years.
Total project cost is around 13MM.  Capital raise needed is 4MM.  
Please reach out for more details if interested.
Thanks!

We looked into RV when apartment were getting too expensive for our taste.   We profited and returned double digit rates to our investors.

Investment Info:

Mobile home commercial investment investment in Trinity.

Opportunity to passively invest in a 150 space, amenity rich RV resort on lake Livingston located 90 minutes North of Houston, TX.
Contact me for more info!

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

RV market has a bright future

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

9 months

How did you finance this deal?

local bank

How did you add value to the deal?

Plan to develop and modernize park.

What was the outcome?

To be determined. We are looking for capital partners.

Investment Info:

Other commercial investment investment.

96 space RV park

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

Apartments were too expensive!

How did you finance this deal?

Local bank

How did you add value to the deal?

Increase occupancy, clean up customer base.

HI.  Is anyone familiar with a good PFS template that they would like to share?  I'm revamping mine, and I first would like to see if there is a well designed one that automatically populates and adds up the figures from the cash, securities, real estate, cars, and other assets and liabilities columns in the summary .  A good PFS is a handy tool for those of you wondering.  It gives bank a good picture of the net worth and financial stability/risk you represent to them.  Pretty much every commercial lender I have used has required one.   It also can give one a quick picture of the progress made toward financial goals!

I'm looking for best rates to purchase or refinance/cash out on investment properties where the loan balance is 60 to 99k. I have good credit. Any recommendations would be helpful. I'm in a little state called "Texas."

Thanks.

I'm looking as well....for a good bank to refi a single family and lower my rate.

Also, anyone interested can join in and listen to our webinar at 7pm Central time, on July 11th.

Just send me a request...and I will send you the link to join.  Thanks!

We are experienced owners and operators of RV parks and multifamily.

If you are looking to find a multifamily or other commercial deal, why not consider the RV space? There are many similarities....and a few differences....like: you don't pay for your customers' roofs or plumbing repairs in an RV park. Don't let the stereotypes or preconceived ideas fool you, the RV industry is booming with double digit growth in gross RV sales for each of the last two years. Over 500,000 units sold in 2017 alone. Many RV parks are being built, but most don't provide the upscale, amenity rich, family and retiree getaway experience that is in demand. We understand that the "educational barrier" is one of the toughest to overcome when considering investing in a deal like our current project RV resort. That is why we are an open book to our investors and always willing to provide market and industry data and references to those considering partnering with us. That being said....lets get to the deal.

-Over 60 acres of lake frontage property on Lake Livingston, the 3rd largest lake in Texas has already been acquired.

-Property is 90 minutes from Houston and located within 300 miles of over 17 million people.

-Site already has infrastructure for 60 spaces, 3 phase power, city water and sewer.

-Site has boat ramp, 80' pier constructed in 2014, 6000ft covered pavilion, and 3000ft office building.

-We are using conservative assumptions for occupancy and rent when considering the local market.

-Limited partner (passive investor) positions are available from 100k to 600k.

-12 month construction period will complete 150 total spaces including park models, 7000ft club house, office and pavilion upgrades, and boat/RV storage. (you can contact me for a complete amenity list)

- NO cash flow anticipated during the construction period of the first 12 months.

-LP's participate in cash flow and Equity.

-Over a 3X multiple is the projected return at year 5 of operation.

60% of the equity is already raised, so contact me soon if this might meet your investment criteria. This is an opportunity to partner with an experienced team and learn how to execute and operate a destination RV resort property from construction and rehab to operations and disposition. We will provide a detailed level of insight into operations...if that is your wish. Or, you can do what a few of our investors on our last RV park do....and just get the quarterly news letter and cash flow.

Hello!  Please see the link below to learn more about our RV resort investment opportunity:

https://www.meetup.com/RV-TEXAS-Buy-Sell-Build-Invest-or-Operate-RV-parks/events/252297624/