Heather Blankenship has made $10,000,000 alone from just one RV park investment. She got into it with no money and zero experience. While pregnant with her first child, Heather answered the phones, paid the bills, laid mulch, and slept on the office floor, working long days and longer nights to do anything she could to keep the campground running. Over a decade later, she has a $30,000,000 portfolio, with her first campground worth almost half that amount. How did she do it, and can you repeat her same investing strategy?
In her new book, Real Estate Campgrounds, Heather dives into the almost unbelievable streams of income you can create from just one campground or RV park investment. In today’s show, she shares the different ways you can make money (and cash flow!) from your first campground investment, what to know before you buy, and how rental property owners can transition from single-family or multifamily rentals to campground investments.
We also bust some myths that have probably stopped you from investing in this lucrative asset class before. Do you need a ton of money? Nope. Do you need a HUGE campground? Not really. Should you have hospitality experience? Maybe. Heather started with ZERO real estate investing experience and now is a campground multimillionaire! Want to follow in her footsteps? Don’t miss this episode!
In This Episode We Cover
How Heather’s campgrounds create over ten income streams (BIG cash flow!)
Making millions by buying overlooked RV parks and campgrounds
The biggest expense of running campgrounds and why you CAN’T get this wrong
What you should know BEFORE you buy a campground to ensure you make money
Transitioning from rental properties to campgrounds and why it may be easier than you think
The common campground investing myths that stop most investors from creating massive wealth with this asset class
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Property Manager Finder
Find Investor-Friendly Lenders
See Dave and Henry at BPCON2024 in Cancun!
Glamping, Campsites, and The Insane RV Park Revenue No One is Talking About w/Heather Blankenship
Pre-Order Heather’s New Book, “Real Estate Campgrounds”
(00:00) Intro
(02:17) Campground Investing 101
(07:36) 10 Streams of Income!
(09:37) Making $10M on ONE Park?
(13:21) Know BEFORE You Buy
(19:00) From Rentals to Campgrounds
(23:17) Campground Investing Myths
(33:51) Regulations and Local Laws
(35:38) Common Campground Pitfalls
(39:42) Grab Heather’s New Book!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-988
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