RV Park buyers all have different financial conditions and down-payment restrictions, but the good news is that there are methods to buy RV Parks with very low – or no – capital required. In this RV Park Mastery podcast we’re going to review the methods of buying RV Parks with lower amounts of money at your disposal.
The late Sam Zell – the largest owner of RV Parks in the U.S. – often said “when a deal has low-risk and high-reward you should always buy it, when a deal has high-risk and low-reward you should never buy it, and the only deals you need to think about are high-risk/high-reward ones”. In this RV Park Mastery podcast we’re going to explore how to properly analyze high-risk/high-reward deals.
There’s a fear factor to doing something you’ve never done before, and that’s only natural. But if your cold feet are holding you back, that can ruin our life financially. In this RV Park Mastery podcast we’re going to review constructive methods to fight your fear when buying an RV Park.
One of the best ways to find an RV Park to buy is by sending out direct mail campaigns to current owners. In this RV Park Mastery podcast we’re going to review time-tested methods to make these more productive and some of the main lessons learned on how to build an effective mailer.
Seller financing is a great way to handle the banking on an RV Park – or it can also be a trap. In this RV Park Mastery podcast we’re going to review the fine points that separate a successful seller carry transaction from an unhappy buyer’s mouse trap.
While RV Parks are often all about temporary housing, a growing trend is for Americans to live in their recreational vehicles full-time. In this RV Park Mastery podcast we’re going to explore the “permanent housing” side of the industry and how it can be an important addition to many RV Parks.
The late Sam Zell was the largest owner of RV Parks in American history – and he was a huge fan of unstable economic times. In this RV Park Mastery podcast we’re going to review what Sam Zell might be saying about this current chapter in America.
Once you have set your goals in buying an RV Park it’s essential that you never relax those standards. In this RV Park Mastery podcast we’re going to explore the correct way to derive your target metrics and then the essential reasons you must never change those, regardless of events.
The RV Park business model is based on the goal of attaining the highest occupancy and revenue possible given the existing location and structure. But not all RV Parks share the same path to achieve this noble purpose. In this RV Park Mastery podcast we’re going to explore how to expand your net income through the careful use of park models.
The most fundamental rule of economics is “supply and demand”. Yet too many RV Park buyers fail to grasp how the single most important factors in your success is simply how easy it is to build another RV Park down the street. In this RV Park Mastery podcast we’re going to review how to determine future supply and why it’s so vital to your long-term profitability.
When you own an RV Park there are seven words that can save you a ton of money: “is that the best you can do?”. In this RV Park Mastery podcast we’re going to explore how you can shave significant money off any vendor interaction – and teach good business skills to your manager – with this one simple question.
Taking chances with the hope of making money is known as “calculated risk”, while doing so with zero hope of making money is simply “reckless”. In this RV Park Mastery podcast we’re going to unlock what these “reckless behaviors” are for RV Park owners and how to eliminate them.
There’s an old saying in business that “first you get on, then you get honest” – and that’s definitely true in the RV Park industry. In this RV Park Mastery podcast we’re going to explore why most RV Park buyers have to take a leap of faith at the beginning and then solidify their position later. We’re also going to review some methods to mitigate your risk when doing so.
Non-Disclosure Agreements are a common part of buying RV Parks, but they have to be properly analyzed to protect your interests. In this RV Park Mastery podcast we’re going to explore the concept of NDA’s, what the risks are, and how to mitigate them.
Every good RV Park contract should allow the buyer to cancel during the due diligence or financing contingencies. But how can you cancel a contract without burning your bridges with the seller or broker? In this RV Park Mastery podcast we’re going to explore some smart methods to give you the power to cancel deals without offending the other parties involved.
In 1982 John Naisbitt published "Megatrends" which referred to forces so strong in the economy that you could not prosper unless you were aligned with them. There are a huge number of "megatrends" at work in the U.S. economy today and in this RV Park Mastery podcast we’re going to review each one and how it relates to this sector.
It can often be a huge shock when you get the seller’s financial numbers during due diligence. And how those align with what they promised you can have some important consequences in your view of the property. In this RV Park Mastery podcast we’re going to explore how numbers alignment can tell you a lot about a property.
If you’re trying to find an RV Park to buy, then one of the most important forces to harness is “volume”. Even average negotiators can come away with great acquisitions if they simply employ the power of numbers. In this RV Park Mastery podcast we’re going to review how you can put together an aggressive campaign to build greater volume of deal flow, as well as why banking on numbers is a well-proven method of being a better buyer.
It’s OK to be proud of being the owner of an RV Park, but you still want to build a firewall to protect your private time. In this RV Park Mastery podcast, we’re going to show you some real-world tricks to maintain your privacy and give you the freedom to be both an owner but also someone who has a happy home life.
Being a deal maker is much more than just looking at RV Parks for sale and making offers. The best purchases often require forging a winning construction through the use of creativity and inclusion. In this RV Park Mastery podcast we’re going to review how to build better deals using your brain and people skills.
Steve Albritton
Good busines life lessons for all whether buying or running RV parks.