RV Park Investment, 2020 and what to Know

Investment in RV park is another business venture that one can look into. However, there are some specifics with RV park investment.

Focus on the location of the destination. RV park should not only be an overnight parking anymore. It should be a location where RV owners can get out and do outdoor activities, such as hiking. For instance, a property that is surrounded with lakes, streams, creeks, national parks, and harbors are ideal for RV park as RV owners can take their family own for an adventure. Being far out from the city is ideal in this case since there would be more land mass available to build a RV park. As with anything, there will be investment on the land, yet, there will also be profit from renting out spaces for RVs.

Ways to acquire an RV park. Acquire an RV park from an owner who is at an old-age and who has owned the property for a long time is much better than a professional seller whose primary focus is only profit. The older folks are more likely to be lenient on the pricing as they would like to see a younger generation to take over the business. These is one of the best strategy that a buyer should consider.

Large return-on-investment. It is said that there is a large cash-on-cash return on investment and RV park business is one that can generate such good profit.

Internet marketing. For RV park rental, the bottom lines are just the basic of sewer, water, and electricity. Therefore, making an internet presence is a non-expense, yet, a revenue boost. This takes into the consideration of older folks who does not use the internet for online marketing. Therefore, internet marketing for RV park rental is a niche in and of itself.

Financing from the seller. Sellers often accept financing deals directly the buyer without going through a bank, lenders, or other lengthy loan processes. For instance, with some amount of agreeable down payment, the seller can agree to finance the rest of the amount owed; even with low interest. This aspect has added attractiveness to RV park investment as not many areas of real estate investment are willing to overcut loan processes.

Topics: real estate, investment, RV parks

Work-cited: https://www.creonline.com/where-the-opportunity-is-in-rv-park-investing-today/