Investor · San Antonio, TX · Member since 2016 · 242 posts · 126 votes
I've been investing for a while now. Have done many deals and had my hands on hundreds of them. Mostly owner finance, but some flips and rentals.
I had a piece of property fall in my lap the other day. Single house on 5 acres on a river about 1 mile from the Lucky Eagle Casino in Eagle Pass. For those unfamiliar with Texas, there is NOTHING near Eagle Pass and that casino is a big draw since it is the only one in Texas.
From what I know the casino has been aggressively growing and I've requested some additional information from the local Chamber of Commerce.
I don't want to try and flip a house that far away from home but I think it might be perfect for an RV park.
It will need to be rezoned, if possible, and from what I've found there is city water and electric.
It is in a flood zone, but I believe that isn't a problem for RV parks.
I'm heading there to check it out tomorrow (2.5hr one way) and want to know if there is anything I should really pay attention to while I get my eyes on this property for the first time.
sounds like you might have a great deal. That is kind of how I ended up in the RV Park niche - by chance but I'm so glad I did. I have an eBook on RV Park development I'll send you. We also just released our first course on RV Park investing.
I would try to see if there is any comparable history for city precedent allowing this type of re-zoning. Cities without history of re-zoning are wildly unpredictable.
@Collin Corrington on that offer, put contingencies. Zoning changes are the most difficult of all the contingencies you can think of.
If that spot does not work out, it sounds like you are in a real good area. I don't yet own an RV park but have been researching what makes them really do well (other than local attractions, obviously you have and might be all you need). you an also look for a spot on the high bluff next to that river where people can fish and let their dog swim,canoeing, or a shaded nature walk. Any light sporty recreation on site can pay dividends and give you an edge when competitors come to town to copy your success.