Greetings Fellow BP Investors and Generally Amazing Peeps,
I'm developing a plan to purchase a large-ish property (>half-acre) with a SFR already in place, and then add 2-5 RV pads with hookups, and possibly some self-storage to maximize profitability of the land, and enable my wife and I to live on-site in our RV while we do the rehab and development.
I recently spoke with an RV park investor (shoutout to @Brandon Hobbs) who helped me flesh out a lot of areas, foremost of which was clarifying my exit strategy. I.E. What kind of person looks at a property with a house, RV pads, and <10 storage units and think "dang, I gotta buy that chimera of a property."
Would larger investors with professional property management find the on-site variety appealing in any way, or be repelled by it? Would smaller operators who want to live in the SFR and manage the RV and storage rentals be my only market?
A few potential modifications:
- Instead of RV's I eventually place Tiny Homes on the pads and rent them out instead of just renting the pads.
- Place the Pads in such an way that they can be their own lots in the future, and sell them individually (maybe with TH's).
- Go straight to Tiny Homes and arrange them in a more community oriented fashion (circle with fire pit or something).
What are your thoughts?
