The “Underrated” Assets That Offer HUGE Cash Flow & Multiple Income Streams
Founder of Campfire Capital Group, Dylan Kidd, walks through some of his key learnings as to why RV Parks / Campgrounds are an attractive investment.
The following blog was taken from our founder Dylan’s interview on a bigger pockets podcast episode. See the full transcript here. The “Underrated” Assets That Offer HUGE Cash Flow & Multiple Income Streams biggerpockets.com
In the realm of real estate investing, certain asset classes often fly under the radar, yet they offer substantial cash flow and diverse income streams. One such asset is RV Parks & Campgrounds, which present unique opportunities for both novice and seasoned investors.
Why RV Parks & Campgrounds?
RV parks & Campgrounds are frequently overlooked, but they come with several advantages:
- High Demand: Affordable housing remains a pressing need, and these sites provide a cost-effective solution for many.
- Multiple Income Streams: Beyond lot rents, investors can generate revenue through utilities, maintenance services, and even selling mobile homes within the park.
- Forced Appreciation: By improving park conditions and management, investors can significantly increase property value and rental income.
Getting Started with Mobile Home Park Investing
For those considering this niche, here are some steps to embark on:
- Education: Familiarize yourself with the intricacies of mobile home park operations, tenant relations, and regulatory considerations.
- Networking: Connect with industry professionals, attend seminars, and join forums to gain insights and build relationships.
- Due Diligence: Thoroughly assess potential investments by evaluating location, occupancy rates, infrastructure, and financial performance.
- Financing: Explore various financing options, including traditional loans, seller financing, and partnerships, to fund your investment.
By focusing on these steps, investors can tap into the lucrative potential of mobile home parks, benefiting from consistent cash flow and multiple income avenues.
For a more in-depth exploration of this topic, consider listening to the Real Estate Rookie Podcast episode titled "The 'Underrated' Assets That Offer HUGE Cash Flow & Multiple Income Streams." The “Underrated” Assets That Offer HUGE Cash Flow & Multiple Income Streams biggerpockets.com
Dylan Kidd is the Founder and Managing Partner of Campfire Capital Group, leading investments in the outdoor hospitality industry. Since 2018, he has specialized in buying, selling, and scaling RV parks and campgrounds, leveraging his deep industry knowledge and hands-on approach.
