Turned raw land into a 20 acre campground with cabins

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $165,000
Cash invested: $1,200,000

Purchased raw land and built a campground

What made you interested in investing in this type of deal?

I always wanted a campground and had found the perfect property and built my dream. I had purchased and flipped 2 houses to purchase the property

How did you find this deal and how did you negotiate it?

Search for land on internet

How did you finance this deal?

cash and our retirement and bank fiancing

How did you add value to the deal?

We offered people in this area a place to stay that is enjoyable for the whole family

What was the outcome?

We have built a successful business and are looking to expand in the future. We are starting to sell cabins individually and transition into property management, which will enable us to grow and decrease our workload.

Lessons learned? Challenges?

Lessons learned are that it is a 24/7 job and a lot more work with a lot less free time. Challenges have been adapting to various cultures and personality types.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, Andrea Mc Gillary at Cowboy Capital Reality in Bandera