BiggerPockets Real Estate Podcast

988: How to Start Making Millions from These Overlooked RV Park Investments w/Heather Blankenship

Jul 15, 2024

Heather Blankenship turned a $10,000,000 profit from one RV park investment, now boasting a $30,000,000 portfolio. She shares how to profit from RV park investments, debunking myths and offering tips on generating multiple income streams. Learn the differences between investing in campgrounds and long-term rentals, the profitability of RV parks, and explore the journey of RV park investing without needing a huge campground or prior experience.

48:17

Creator website

Episode guests

Heather Blankenship

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Campground investing offers diverse revenue streams beyond traditional real estate.

Proper utilities and amenities are crucial for sustaining a successful campground and enhancing the guest experience.

Expanding campground offerings to include unique accommodations can attract a wider range of guests and unlock new revenue streams.

Deep dives

Campground Investing: An Overview

Campground investing offers a lucrative opportunity beyond traditional real estate investments. With a potential for real profit and a mix of business and real estate assets, campgrounds provide a unique niche market with diverse revenue streams. This $30 billion industry presents a chance for investors to tap into a dynamic business model that combines outdoor hospitality with commercial property ownership. Heather Blankenship, a seasoned investor, sheds light on the intricacies of campground investment and dispels myths surrounding this asset class.

Intro

2min

Understanding the Unique Aspects of Campground Investing and its Differences from Mobile Home Parks

2min

Investing in Campgrounds vs. Long-term Rentals

5min

Exploring the Profitable Streams of Income in RV Park Investments

5min

Journey of RV Park Investing

16min

Maximizing Profits in Remote RV Parks

4min

Insights on Hiring Quality Candidates, Cloud Financial System, and Marketing Platform

4min

Exploring Opportunities and Challenges in RV Park Investments

10min

Exploring the Profit Potential of Overlooked RV Park Investments

2min

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