Get Creative with Pace Morby RV Parks: The Hidden Gold Mines of Real Estate
Welcome to a new episode of Get Creative! In this episode, dive deep into the world of creative finance in the RV park industry. Learn how a single RV park generates significant cash flow through innovative financial strategies, including a detailed breakdown of a $1.4 million cash deal involving community funding, seller finance struggles, and a hybrid deal structure. Discover the potential of RV parks as high-return investments and the intricacies of managing and upgrading such properties for maximum profitability.
Highlights:
"This single park produces enough cash flow that can kill just about any job I've ever seen."
"This park generates about $25,000 a month."
"My net cash flow on this property every single year will be somewhere around $70 to $80,000 for our first year."
"It's like 80% of every park I've ever talked to, the person who is managing the park on a day-to-day... They're basically living here just for the rent and the utilities."
Timestamps:
0:00 - Mountain View RV Resort: A Job Killer
1:22 - Creative Finance and Community Funding
2:43 - Park Acquisition and Renovation Plans
3:59 - Management and Labor Strategy
5:26 - Finding the Deal and Community Meetups
7:36 - Long-Term Rental Strategy
9:37 - Value Add and Future Plans
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