JF3039: Syndicating Campgrounds, RV Parks, & Marinas ft. Don Spafford
The Best Ever CRE Show
00:00
Build to Rent and Campgrounds and Marinas as High Cash Flow Investment Vehicles?
With the built to rent, obviously there's no cash flow up front. So those are ideal for those who don't necessarily need cash flow now but do want a great equity multiple within a few years and with the potential to have infinite returns as well in that property. The campgrounds we typically have an average hold period of about five years. We may exit sooner if we hit our goals for the IRR. And then after that third year, we would probably refinance to that point to pay back the investors and likely stay on for infinite returns on the deal structure.
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