Investor · Houston TX/ Syosset, NY · Member since 2016 · 18 posts · 8 votes
7y
@Austin Jacobsen hey Austin, I have a fully operational RV Park in Pasadena TX under contract, right outside of Houston. It is a 31 site park that sits on approx 2 acres and is in pristine condition. Many capital improvements recently made to the property including new paved roads, Welcome Center with laundromat, and ADA compliant bathrooms. All units have full hook ups, 30 or 50 amp. Being offered at a 8% cap, but lots of room to increase rents and reduce expenses. Can easily be re-positioned to yield 10-12% returns. I am asking $1,325,000. Please let me know if you or someone you know are interested.
Investor · CO · Member since 2017 · 60 posts · 44 votes
5y
Hey Austin. Did you ever get your park built? I'd be curious to chat with you about it either way, to learn what worked, or to see if I can support you in getting it through.
Austin, TX · Member since 2017 · 2 posts · 0 votes
5y
@Joe Schultz
The property is still vacant, but at this point I’m going to do a small luxury mobile home park. However, I did learn a lot, and may do it in the future. Let me know if you want to talk.
Marble Falls, TX · Member since 2015 · 41 posts · 12 votes
5y
Hi Darren,
How is going with developing your RV Park?
I have been getting prepared and at the door but have not took the plunge yet. I have a accurate drawing now but there are some trees I would have to remove and I think I need to re draw again so I can keep the trees.
Orting, WA · Member since 2016 · 55 posts · 22 votes
5y
@Joe Schultz It is going pretty well. The governing bodies are working a lot slower than I would prefer but overall it is going well. We are finishing up the civil drawings and I would hope to have the permit in hand by late fall/early winter but might not break ground until next summer. Negotiating some of the GFC and improvement district fees as this will be the first RV park in the city limits.
I agree on trying to keep the trees.
How long do you anticipate it will take from the time you fill out the application with the city/county/state until the time you have an approval?
Orting, WA · Member since 2016 · 55 posts · 22 votes
4y
@Joe Schultz Hi. Well, I am sure this is an all too uncommon issue. I have not received my shovel ready permit in my hand as of today. I am hoping to have it by October. Of course there is nothing guaranteed but that is my hope. If I receive it by the end of September I might be able to build this year. If not, it might need to be pushed back due to weather in our area.
All of my prices have increased but I can still make the numbers work.
Has anyone here developed a park in Arizona, namely near Flagstaff or Williams?
Check out: https://livesmall.net/ a new tiny house community in Flagstaff. I'm not associated with it, but I'm in Cottonwood/Verde Valley and love tiny houses and RV parks. I'd love to chat.
@Dave Meyers Thank you for the feedback and site. We've now side-stepped this idea for the moment. Everything I read mentioned the time it takes to get through the permitting process. As well as the heavy expense that I don't think is what we really need right now. We've gone back to our multifamily plan. Thank you though!
Hello, my family and I are just about to be approved for our RV development in western Montana. 50 lots that are going to be for sale/owned, and 30 that will be available for rent. Any information on HOA/CCRs or how to run an RV park much appreciated :)
Orting, WA · Member since 2016 · 55 posts · 22 votes
3y
@Melissa Libby Hi and congratulations! That is really exciting, where in western MT?
I want to make sure I understand this correctly. It will be an 80 space RV park, 50 of the RV spaces will be sold as individual parcels and you will keep 30 RV spaces on one parcel to rent out? There are some variants of this model in WA and other places where you purchase a "membership" but you don't own the parcel, similar to an equity golf club membership. Then you pay monthly or annual dues for water, maintenance etc...
If you are doing either model for the 50 spaces you are selling then you can decide on almost any CCR's you want and can create the HOA and its manager, fees, etc...
Will you be renting the 30 spaces you retain out as transient or non-transient?
Orting, WA · Member since 2016 · 55 posts · 22 votes
3y
@Joe Schultz I thought I would give you an update for the latest here in WA on the RV park. It looks like we will end up with 62 spaces. Just about ready (yes, I said this two years ago) for the permit. Really hoping to have the permit in hand this summer. Yes, construction costs have gone up and our GFC fees are out of control (in my opinion) but it should still pencil.
@Melissa Libby Hi and congratulations! That is really exciting, where in western MT?
I want to make sure I understand this correctly. It will be an 80 space RV park, 50 of the RV spaces will be sold as individual parcels and you will keep 30 RV spaces on one parcel to rent out? There are some variants of this model in WA and other places where you purchase a "membership" but you don't own the parcel, similar to an equity golf club membership. Then you pay monthly or annual dues for water, maintenance etc...
If you are doing either model for the 50 spaces you are selling then you can decide on almost any CCR's you want and can create the HOA and its manager, fees, etc...
Will you be renting the 30 spaces you retain out as transient or non-transient?
We are located in Polson, Montana, right south of Flathead Lake. About an hour south of Glacier National Park. And yes that's correct! The 30 or so will be transient lots.
Orting, WA · Member since 2016 · 55 posts · 22 votes
3y
@Melissa Libby Beautiful area! My mom was born and raised in St Ignatius.
Are you in the city limits of Polson? They might have some additional requirements...?
Regarding the 30 transient, I don't believe you will need CCR's or an HOA. You will most likely be going off "rules" for the transient crowd, i.e. quiet time, age of RV, max. number of cars, check in/out time, etc...