Saturday, November 9th, 2019
11:00 am – 2:00 pm
Dallas REIG Meeting Room || 717 E Border St. Arlington, TX 76010
As an investor, it is critical to expose yourself to as many real estate strategies as possible. Evaluate each opportunity and then make a sound choice based on what fits your investment goals. Keeping this in mind, Dallas REIG has found yet another great strategy to discuss: RV Parks. This strategy combines all the unique characteristics of single family, multifamily, hotels and land in one real estate opportunity. We will discuss the mechanics of how RV Parks thrive. First, of course outline how you can become a player with this strategy. Next, what it takes to be a successful owner. Also, how you can participate as a passive investor.
Another strength to RV parks is the fact that most are owned by individual owners – smaller owners who have no debt and, therefore, the ability to carry the financing on the transaction. When the seller carries the financing at a low interest rate, it compounds the yield you can make on your money thanks to leverage. Leverage, as long as the interest rate on the loan is lower than the cap rate of the deal, will give you an even higher return. So, even if RV parks sold at the same return level as other forms of real estate, they would still kill the competition due to profits while simultaneously increasing risks.
Owning an RV park can be a source of creating an estate for your heirs to enjoy. While many people fritter their savings away when they retire, an RV park owner can spend every last dime the park generates, and it just creates a new stream of cash flow the next day. So, you are actually building an asset that may not only be your source of enjoyment, but provide for your heirs as well.
A successful RV park can be worth $1 million or more. It can be a multi-generational gift to many people. A way for you to create an important estate on only your down-payment and sweat equity.
At this presentation Vance Wampler of Real Estate Reformation will discuss:
- How to analyze and add value to an existing park
- Building brand new pros and cons
- How to properly manage a park
- Marketing for new tenants
- Handling occupancy
- Discussing the 3 styles of parks
Ultimately, it is up to the individual investor to determine their success, however, implementing one of a number of well-devised real estate strategies will give anyone a significant advantage over their competitors who do not. We believe RV Parks is one of those strategies!