Skip to content
Buying & Selling Real Estate

User Stats

3
Posts
4
Votes
Daniel Boone
4
Votes |
3
Posts

Advice on Selling "Glamping" Property

Daniel Boone
Posted Jun 24 2023, 20:06

Hello! My wife and I live in Missouri have spent the past year setting up our property in between Williams, AZ and the Grand Canyon, (about 25 minutes from the South Rim). We own a one acre lot, and have a fully renovated camper that has been converted to be entirely off-grid, (full solar, water hauling, functioning toilet, etc). We launched it on Airbnb the first week of April and have been really happy with it's performance. We have full management with a great team that handles everything from guest communication and cleaning to hauling in water and servicing the solar array. 

That being said, we are considering selling for a couple of reasons. We were recently offered an amazing deal, and ultimately purchased 5 acres of land in Arkansas near a Marina on the lake. However, between the capital we put into our AZ site and the capital we spent on the new land, we are relatively tapped out. I see a lot of potential in the land we purchased, especially because it is less than an hour away and I can develop it myself over time. And honestly, I'm not sure I'm cut out to own property so far away. As lame as it might sound, even with how well the property is doing, I find myself dealing with a lot of anxiety about not being close by. 

All that being said, I have no idea how to go about finding a buyer. I know some people will say all I have is a one acre lot and a camper, but I have to imagine with it being entirely turnkey, with management in place, several months of income, and dozens of comparable properties, I should be able to find someone looking for this type of investment. 

Anyone sold a site like this? Any suggestions for where to look for a buyer?

Chris Seveney's profile image
Chris Seveney
Pro Member
  • #2 All Forums Contributor
  • Investor
  • from Virginia
  • Member since May 23, 2015

User Stats

13,677
Posts
10,936
Votes
Chris Seveney's profile image
Chris Seveney
Pro Member
  • #2 All Forums Contributor
  • Investor
  • from Virginia
  • Member since May 23, 2015
Chris Seveney
Pro Member
#2 All Forums Contributor
  • Investor
  • Virginia
10,936
Votes |
13,677
Posts
Chris Seveney
Pro Member
#2 All Forums Contributor
  • Investor
  • Virginia
Replied Jun 25 2023, 05:35

@Daniel Boone

When looking to sell, I would value the land and add some value to the trailer but then consider to ask myself “what would it cost me to do this”

If your asking price is 1.5x what it would cost me to do this, then I would just think why not buy a piece of land nearby and do it myself.

The other thing I would consider is the STR has 1-2 months of activity. I would want to see a full year

This is just my opinion and things to consider.

User Stats

3
Posts
4
Votes
Daniel Boone
4
Votes |
3
Posts
Daniel Boone
Replied Jun 25 2023, 06:14

Thank you @Chris Seveney!

I think that all makes sense. I recognize by selling with only 3 months of recorded income we are likely losing out on some potential value. I know exactly how much we have in the property, land and all, but that doesn’t include labor, as we did almost everything ourselves over the course of the year. Still, I think if we could sell for 1.25-1.5x what we have in it, we would be happy. 

Any recommendations on where to look for a potential buyer? I’m considering the usual suspects, (FB marketplace, Craigslist, etc), but was hoping there was an easier way to target investors. 

Thanks again for the reply!
 

BiggerPockets logo
BiggerPockets
|
Sponsored
Find an investor-friendly agent in your market TODAY Get matched with our network of trusted, local, investor friendly agents in under 2 minutes
Jordan Wong's profile image
  • Member since Jan 21, 2019

User Stats

4
Posts
2
Votes
Replied Jun 25 2023, 06:55

Hi Daniel, stumbled on your post as I am exploring creating a glamping site on some land we might be able to purchase near Mojave Desert in California. Going to DM you about your experience if you'd be gracious enough to connect on how you set up your operation. Thanks!

Jen LeViseur's profile image
  • Investor
  • from Bentonville, Arkansas
  • Member since Apr 19, 2023

User Stats

18
Posts
11
Votes
Jen LeViseur's profile image
  • Investor
  • from Bentonville, Arkansas
  • Member since Apr 19, 2023
Jen LeViseur
  • Investor
  • Bentonville, AR
11
Votes |
18
Posts
Jen LeViseur
  • Investor
  • Bentonville, AR
Replied Jun 25 2023, 11:39

Hey @Daniel Boone, cute setup! You can hop on Facebook and join the "Airbnb Homes for Sale" group. I would also recommend posting in your local Airbnb host group(s) on Facebook. Just be sure you have your financials ready to send to potential buyers. 

Sandra Morrison's profile image
Sandra Morrison
Pro Member
  • Investor
  • from Cincinnati/Fort Thomas, KY
  • Member since Apr 20, 2015

User Stats

162
Posts
141
Votes
Sandra Morrison's profile image
Sandra Morrison
Pro Member
  • Investor
  • from Cincinnati/Fort Thomas, KY
  • Member since Apr 20, 2015
Sandra Morrison
Pro Member
  • Investor
  • Cincinnati/Fort Thomas, KY
141
Votes |
162
Posts
Sandra Morrison
Pro Member
  • Investor
  • Cincinnati/Fort Thomas, KY
Replied Jun 25 2023, 18:47

@Daniel Boone

I would connect with the local real estate meetups and the local chapter of the National Real Estate Investors

Association and you will get some great potential buyers.

Harold Looney's profile image
  • Member since Apr 12, 2023

User Stats

98
Posts
31
Votes
Harold Looney's profile image
  • Member since Apr 12, 2023
Replied Jun 28 2023, 06:26

Daniel Boone - congrats on setting up your Glamping site. I'm interested in investing in Glamping/RV Sites. I'm currently in discussions about doing land development in AR. Would love to discuss opportunities to collaborate.

Jen LeViseur's profile image
  • Investor
  • from Bentonville, Arkansas
  • Member since Apr 19, 2023

User Stats

18
Posts
11
Votes
Jen LeViseur's profile image
  • Investor
  • from Bentonville, Arkansas
  • Member since Apr 19, 2023
Jen LeViseur
  • Investor
  • Bentonville, AR
11
Votes |
18
Posts
Jen LeViseur
  • Investor
  • Bentonville, AR
Replied Jun 28 2023, 06:38

Nice @Harold Looney! Where in AR?

Harold Looney's profile image
  • Member since Apr 12, 2023

User Stats

98
Posts
31
Votes
Harold Looney's profile image
  • Member since Apr 12, 2023
Replied Jun 28 2023, 07:45

Near Hope AR. ~100 mile from Little Rock & ~200 mile from Dallas.

Francesca Zanzucchi's profile image
  • Real Estate Agent
  • from Phoenix, AZ
  • Member since Sep 5, 2022
  • Posts 27
  • Votes 19
  • Experience 7 Yrs
  • Investments 3

User Stats

27
Posts
19
Votes
Francesca Zanzucchi's profile image
  • Real Estate Agent
  • from Phoenix, AZ
  • Member since Sep 5, 2022
  • Posts 27
  • Votes 19
  • Experience 7 Yrs
  • Investments 3
Francesca Zanzucchi
  • Real Estate Agent
  • Phoenix, AZ
19
Votes |
27
Posts
Francesca Zanzucchi
  • Real Estate Agent
  • Phoenix, AZ
Replied Jul 18 2023, 13:24

Hey Daniel, 

This is an awesome operation! I know you could find an interested buyer. I think approaching groups like Arizona Real Estate Investor Association would be a good place to start. I am a member and would be happy to post it in the forum for you if you would like. Also, you could post on the MLS. It would be the best place to get the most eyes on it. MLS automatically links to Zillow and Redfin. Feel free to reach out, I would be happy to help.

Josh Young's profile image
  • Rental Property Investor / REALTOR® / Property Manager
  • from Gilbert, AZ
  • Member since Feb 14, 2023

User Stats

289
Posts
324
Votes
Josh Young's profile image
  • Rental Property Investor / REALTOR® / Property Manager
  • from Gilbert, AZ
  • Member since Feb 14, 2023
Josh Young
  • Rental Property Investor / REALTOR® / Property Manager
  • Gilbert, AZ
324
Votes |
289
Posts
Josh Young
  • Rental Property Investor / REALTOR® / Property Manager
  • Gilbert, AZ
Replied Jul 19 2023, 22:08

@Daniel Boone wouldn't you want to list it on the MLS with an Agent, so you get maximum exposure.

Carter Neal's profile image
  • Member since Aug 18, 2023

User Stats

6
Posts
1
Votes
Replied Sep 7 2023, 18:27

Are you still looking to sell? Please PM me :) thanks