Did you know you can make Millions from RV Parks? Now ya do!
Today we host Heather Blankenship (@heatherblankenshipx3) and cover topics such as choosing the right property size, considering exit strategies, expanding the park, diversification, private money lending, and the benefits of starting early in real estate investing. Heather shares her insights and experiences in these areas, providing valuable advice for beginners in the industry.
Takeaways
- When starting out in RV park or mobile home park investing, it is recommended to focus on smaller properties with room for expansion.
- Consider your exit strategy when purchasing a property, especially if you plan to sell to institutions in the future.
- The average rule of thumb for RV parks is 10 sites per acre, so it's important to consider the potential for growth when evaluating a property.
- Diversification in real estate investing can provide stability and resilience, especially in different sectors like tourism and affordable housing.
- Private money lending can be a passive investment strategy for generating additional income while managing other responsibilities.
- Starting early in real estate investing can provide the flexibility and financial freedom to pursue personal goals and priorities.
- To learn more about Heather and her work in RV parks and mobile home parks, visit her Instagram profile @HeatherBlankenshipX3 or her website at HeatherBlankenship.com.
Chapters
00:00
Choosing the Right Property Size
41:04
Considering Exit Strategy
42:00
Expanding the Park
43:22
Diversification and Future Plans
44:36
Private Money Lending
45:58
Reflection on Starting Early
46:07
Where to Find More Information
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