Has anyone ever invested in (built or bought) a tiny house village or RV park? Was it a good ROI? Do you have any tips, tricks, or advice for me in that arena?!
Howdy @Lesli Watson
I have recently started looking at RV Park Investing. They are similar to Mobile Home parks. Many are a combination of both. Every thing I have read and looked at recommends buy an existing Park. The start-up costs for new parks make it limited to achieve a decent ROI. Look for Mom and Pop operations that may not be performing to their potential and have room for expansion.
It is difficult to get financing for RV parks without having a sound business plan and experience. For this reason many Sellers offer Owner Financing. A 30% Down payment is common .
Recommend you check into the RV University website. That can get you started in your quest for knowledge.
Hi @Lesli Watson , we are not far from you, just south of Houston in Manvel. We have 2 tiny houses that we’re renting on AirBnB and we’ve just purchased a third.
#1 recommendation is to check your city/county building codes to see if a tiny house would qualify as a residence. Then you have to consider utilities. Do you have access to City water and sewer? If so, that’s a big plus, but you’ll have to pay the city something to tie in each unit.
We spent about $100K for 2 tiny houses, furnishings, a/c, roads, electric, and septic. (The tiny houses were $30K and $34K)
Last year's gross revenue was about $20K with expenses of about $8,000. That includes a housekeeper to clean between guests, but I do all of the laundry. 😝 So, 12% ROI. We're happy with that.
We got a good deal on the 3rd house. ($18K). By the time we get it hooked up and make some modifications, we expect to be all in for about $32K.
We’ve opened a new wedding venue and plan to use the new house (about 400 sq. ft.) as the bridal cottage, but we’ll AirBnB it when there are no weddings.
@Lesli Watson , we purchased them from SD Tiny Homes in Alvin. It is a side business for them, and I'm not sure that they are actively constructing them right now. Their contact info is on the linked Facebook page. Our 3rd tiny house is a pre-fab cabin, like the sheds you see being sold everywhere. It's all finished on the inside since it's used. I just got the first plumbing bid today for adding a shower & kitchen sink and connecting to water and septic. It was $13K. Ugh.
An RV campground and a Tiny house park are 2 totally different animals . A campground is a full working business with employees , equipment , pools etc . To be sucessfull it has to be nice , near a point of interest or an attraction ( like a theme park or the ocean )
Want to see a real operation check out Ocean Lakes campground in Myrtle Beach SC . I just got back from a weeks vacation there .Its a small city . For some quick numbers , they rent 1500 golf carts a day in season at $50 a day .
This place is a FIRST Class operation .
@Lesli Watson - Is this still of interest to you? My team and I are currently working on our first tiny home community in Colorado and totally love chatting about tiny homes.