For Rob to have teamed up with with Mark at Boostly is a perfect match: there's no one better placed, better informed or more driven than the Boostly Team... am v excited to see what this partnership comes up with in the drive for Direct Bookings!
Help!! I need help on how to buy a seller owned condemned RV park! How do I approach to seller finance? It's been vacant for years. You don't go into details on talking to sellers on financing. We are already in the RV industry.
This was years ago though and back then these deals may have been the norm. And I'm sure these "normal" deals were not taken by many people and people had many excuses instead of taking action like Heather.
Omg yall ridiculous with these comments, that's why yall never make it. She wasn't rich, if you think a woman can get a 3.5M bank loan for being pretty I would be a billionaire. Specially bc I'm Hispanic... stop being the victim and just take action
I have been looking at RV parks for a while and while is an amazing asset class is a lot of hard work, it is also hard to find deals. This asset clas requier you to have 20% down regardless if you can get an SBA for 10%
If the RV park was your first deal ever , how did you know it was a good deal you were interested to buy ? Was management in place or did you revamp employees running the camp ?
@@joeman123964 Not at all. It happened more often than not years ago. Remember the lending push incentivized by our dear gov? when people were buying with no money down, stated income, sellers and lender assist. Heck many walked away from the closing table with money in their pocket. With Commercial, it was even easier, all you needed was to show the business income to qualify and the down payment was not a requirement as long as she did some creative financing like a 80/20. I did those loans back then. Don't be surprised if you find them again with the state of our economy.
@@Lulushef ahh okay makes sense. i am currently debt free eith $40k saved and $70k salary income. i have be doing research on starting an RV company. I'm trying to get a $300k loan, but banks don't call me back. my credit score is 768 as of last month. I'm 29 years old so i guess they think in prank calling? its annoying.
If she thinks that the Ruthless Elimination of Hurry is a good book then she obciously hasn’t read enough books to know what a good book even is. A good book is almost anything by Mark Twain. A good book is any of the 3 books by Jordan Peterson. A good book is the Gulag Archipelego. Lolita is an unbelievably well writen book. The pilliars of the Earth by Ken Follet is a good book. Even the Bible is a good book. But to say that the ruthless elimonation of literature is a good book is to just spit in the face of humanity’s efforts toward language, just sayin’
I'm looking for 50 to 100 acres around Fort Myers to build a RV park, a top quality park. 10 acres will be my own to build food trucks & trailers, also I want to build semi trailers into RVs. Looking for Investors that want to get in this great deal.
@@iAnon666 I just hate the idea of making money while doing nothing for it. I know I know, you boight the thing. My point is its opressive and suboptimal.
Every single time I think - before watching it - that an episode doesn't need to be as long as it - I watch every single minute of it and love it all. Great great great job. So valuable. Thank you very much. Cheers from Wisconsin.
It was a local community bank that needed the liabilities off their books during the 2008 crisis that lasted several years. It was a perfect storm, and it made sense from the bank’s perspective at the time.
13 years ago they did. The bank was managing it. She would be required to relinquish the property and declare bankruptcy if she couldn’t cover payments. It was a commercial property with established cash flow. So at that time in that extremely unique circumstance, they do.
I know, he can be cheesy at times but he does have knowledge in specific areas that traditional investors don't have. Good luck EDIT: Actually just listened to the context of what he said. You're hating. If you know anything about real estate loans, you'd have the same reaction as that's an amazing loan
My wife and I have been traveling in an RV fulltime for 10 years. She work camps, or does maintenance or is a camp hosts etc @robuilt What we've noticed is over the years many and I do mean many, rv parks that were once mom and pops family type rv parks, have been getting bought up by the bigger corporations like sun resorts or encore resorts. With that comes a much higher price per night. We used to get a FHU site for $25 today it's over $50 and many times alot higher. Another thing we've noticed is many rv parks are turning into mobile home parks. People pull their rv in and never leave, pay a yearly rate to lessen the cost. This has made it much more difficult to find rv spots as we travel and can be very frustrating. Heather, I dought you'll read this but I'm in that same rv you were in years ago when you got that incredible deal. I've been reading, watching everything BP and other's learning about real estate investing and an rv park is definitely something I'd love to get involved with. Especially if it's in the smoky mountains. That's just my place. Love it.
how, with no money and no experience which probably means her credit history wasn't strong, the crap banks up here in new york, giving me a hard time with medium experience credit in the 7s, equity, 30 % down payment, licensed realtor and none of these loan officers can find the funding for me, What am i doing wrong? but good for her i can't put y finger on it
It’s feels like we’re beating Airbnb to death the past year especially. Without this one single company, a lot to material would be lost. It starts to feel sales-y when STR is the main component of the host’s interests, business, and portfolio, in conjunction with us getting it as top 1 or 2 topics in most conversations. I’m sure no ill intentions, but Airbnb topic feels like we’re in a hamster wheel of education. Love Rob’s addition and personality for sure tho!
1) I’ve had this convo with several other hosts, what we’ve found is the strong demand for short term housing. It just so happens Airbnb has capitalized this market early. 2) Airbnb needs a competitor platform, which will happen. Vrbo is one. 3) there’s too much power with Airbnb right now as they can literally shut off your business without a way for you to get it back. It’s very sad, as I’ve seen it with other hosts.
I'm calling b.s. on the cannabis smoking thing. Any stoner will tell you that although initially strong, cannabis smoke doesn't linger. People were either smoking cigarettes, cigars, or blunts. Just needed to clear the air on this very important issue. 🔥🌲🌬
I felt personally attacked here, who on Earth would actually have a problem with some faint lingering odor of THC? It’s not a “dirty” smell lile cigarettes or an overpowering smell like cigars, it’s just a naturally sweet and coevolved scent
@@devitomichael lol 😂 but seriously though. If you don’t like the smell of cannabis, especially fresh cannabis, you’re dead on the inside. But it really is true-even smoked, it doesn’t linger. It’s strong, yes. Then dissipates. Everyone get over yourselves and ask the better question: does it cause yellowing of the walls? Answer is no again. Formaldehyde, ammonia, and tar mostly do that. Not the fatty acids and carbon dioxide that make up cannabis smoke. But now we’re back on track!
Definitely all about the #bookdirect movement. Becoming an online travel agent is key to getting all your eggs out of 1/2 baskets (Vrbo + Airbnb). Plus you can add your own fees that these sites were once taking to just host your place! Mark at Boostly is offering tons of insight about it!!
19:50 appreciate the shoutout Rob - excited to work with you on the new Direct Booking Journey
Yesss!
Great Mark - you love what you do and help out soo many of us! Thanks
Mark, you’re making a huge impact on Direct Booking market. Keep up the good work!
For Rob to have teamed up with with Mark at Boostly is a perfect match: there's no one better placed, better informed or more driven than the Boostly Team... am v excited to see what this partnership comes up with in the drive for Direct Bookings!
Awesome stuff!! I can personally testify how Mark has helped my business and given me so much valuable advice.
I would really enjoy seeing a series where you guys travel to actual project locations and tour with investor.
lets make the series together?
u do all the work and i’ll take credit for it.
They already have that
Yes, that’s a great idea. I think it’ll increase viewership which would in turn offset the additional costs.
Great content like always. why do I feel like the Airbnb guy eager to promote his biz. I would rather listen more from the guest more!
The bank was REALLY motivated to get someone into the property managing it. Banks don’t want to be dealing with daily turnover, grass cutting etc etc.
It’ll be great to see episodes where the investors are just started out, not these investors who made it. It’ll be more relatable.
They have a channel dedicated to newer investors called Real Estate Rookie. Lots of great info there. 👍
It wouldn't be much of an episode. Lol
'I've been trying to get unto real estate through wholesaling but I haven't been able to get a lead in 3 yrs'
Rookie podcast is where you want to be then
@@prodigy803 I think so. Everything she expressed, new investors experience the same thing.
@@prodigy803 nah… that’s for your first deal.
This girl sounds almost exactly like Rachel Cruze
Help!! I need help on how to buy a seller owned condemned RV park! How do I approach to seller finance? It's been vacant for years. You don't go into details on talking to sellers on financing. We are already in the RV industry.
No-money down 3.2 million dollar loan at 26yrs old with no assets or credit. Totally normal 👍
This was years ago though and back then these deals may have been the norm. And I'm sure these "normal" deals were not taken by many people and people had many excuses instead of taking action like Heather.
Theses guys only give advice that applies to the already wealthy people 😂
Omg yall ridiculous with these comments, that's why yall never make it. She wasn't rich, if you think a woman can get a 3.5M bank loan for being pretty I would be a billionaire. Specially bc I'm Hispanic... stop being the victim and just take action
@@annaku_eatswieners_ahaha Nice. Brought race into the conversation. Nice.
@@blakewilliams2595 but she's white though
I have been looking at RV parks for a while and while is an amazing asset class is a lot of hard work, it is also hard to find deals. This asset clas requier you to have 20% down regardless if you can get an SBA for 10%
How about seller financing/creative finance strategies?
Bro. Today's Quick Tip was the best. Listen to that one again.
If the RV park was your first deal ever , how did you know it was a good deal you were interested to buy ? Was management in place or did you revamp employees running the camp ?
Glamping is expensive isn't worth it in my opinion. But good luck.
It's great memories ❤
This is one lucky gal!
I love Rob but wish I heard more her voice then his in this episode. I have tons of questions I wanted answered.
I want do long term RV Park for 55 up and retires have 18 acres need step by step 1st thing ,2nd ....... In Texas Ellis county
These comments are so dumb. A bunch of salty listeners who have probably haven’t even saved 10k for a down payment let alone purchased a property
Rob is the king🫡
"I was wandering around, and someone loaned me 3 million dollars and a functioning business."
She getting 3.2 million off gate with no W2- very strange.....
Yes welcome to commercial real estate where as Long as the business can pay the debt, miracles can happen 🤦♀️
i agree.....very sus...
@@joeman123964 Not at all. It happened more often than not years ago. Remember the lending push incentivized by our dear gov? when people were buying with no money down, stated income, sellers and lender assist. Heck many walked away from the closing table with money in their pocket. With Commercial, it was even easier, all you needed was to show the business income to qualify and the down payment was not a requirement as long as she did some creative financing like a 80/20. I did those loans back then. Don't be surprised if you find them again with the state of our economy.
@@Lulushef ahh okay makes sense.
i am currently debt free eith $40k saved and $70k salary income. i have be doing research on starting an RV company. I'm trying to get a $300k loan, but banks don't call me back. my credit score is 768 as of last month. I'm 29 years old so i guess they think in prank calling? its annoying.
Talk about white privilege, must be nice. 😂 I don't think we're getting the whole story, but she did something right.
If she thinks that the Ruthless Elimination of Hurry is a good book then she obciously hasn’t read enough books to know what a good book even is. A good book is almost anything by Mark Twain. A good book is any of the 3 books by Jordan Peterson. A good book is the Gulag Archipelego. Lolita is an unbelievably well writen book. The pilliars of the Earth by Ken Follet is a good book. Even the Bible is a good book. But to say that the ruthless elimonation of literature is a good book is to just spit in the face of humanity’s efforts toward language, just sayin’
Heather was amazing should have her back again.
I'm looking for 50 to 100 acres around Fort Myers to build a RV park, a top quality park. 10 acres will be my own to build food trucks & trailers, also I want to build semi trailers into RVs. Looking for Investors that want to get in this great deal.
Good luck
Boostly is a great help.
ugghh more realestate speculation... please just go do something else
K rant over
You’re literally complaining about real estate speculation on a real estate podcast? I think you might be a lil lost there kiddo
@@iAnon666 I just hate the idea of making money while doing nothing for it. I know I know, you boight the thing. My point is its opressive and suboptimal.
That hilarious. I totally ask people to order two dishes and we can split it. LOL
Every single time I think - before watching it - that an episode doesn't need to be as long as it - I watch every single minute of it and love it all. Great great great job. So valuable. Thank you very much. Cheers from Wisconsin.
No bank, I'm going to repeat, no bank does that
It was a local community bank that needed the liabilities off their books during the 2008 crisis that lasted several years. It was a perfect storm, and it made sense from the bank’s perspective at the time.
13 years ago they did. The bank was managing it. She would be required to relinquish the property and declare bankruptcy if she couldn’t cover payments. It was a commercial property with established cash flow. So at that time in that extremely unique circumstance, they do.
Love you Heather!!!! You Rock and I'm glad I got to hear your success!!!!
Honestly I think this co-host is terrible. I completely lost interest when he did the shaggy from scooby-doo “wooaaaahhh” speaking on her loan smh.
I know, he can be cheesy at times but he does have knowledge in specific areas that traditional investors don't have. Good luck EDIT: Actually just listened to the context of what he said. You're hating. If you know anything about real estate loans, you'd have the same reaction as that's an amazing loan
22:36 What insurance companies cover short term rentals?
Proper Insurance/Safely
This episode is soooo good. Thank you.
beautiful channel, marvelous information
I have three acres in Bellingham WA it's zoning is multi/high density....it currently has three houses on it....I'm ready to sell and move overseas.
Hi Lynn, are you still selling 3:acres in Bellingham Wa?
My wife and I have been traveling in an RV fulltime for 10 years. She work camps, or does maintenance or is a camp hosts etc @robuilt
What we've noticed is over the years many and I do mean many, rv parks that were once mom and pops family type rv parks, have been getting bought up by the bigger corporations like sun resorts or encore resorts. With that comes a much higher price per night. We used to get a FHU site for $25 today it's over $50 and many times alot higher.
Another thing we've noticed is many rv parks are turning into mobile home parks. People pull their rv in and never leave, pay a yearly rate to lessen the cost. This has made it much more difficult to find rv spots as we travel and can be very frustrating.
Heather, I dought you'll read this but I'm in that same rv you were in years ago when you got that incredible deal. I've been reading, watching everything BP and other's learning about real estate investing and an rv park is definitely something I'd love to get involved with. Especially if it's in the smoky mountains. That's just my place. Love it.
how, with no money and no experience which probably means her credit history wasn't strong, the crap banks up here in new york, giving me a hard time with medium experience credit in the 7s, equity, 30 % down payment, licensed realtor and none of these loan officers can find the funding for me, What am i doing wrong? but good for her i can't put y finger on it
It’s feels like we’re beating Airbnb to death the past year especially. Without this one single company, a lot to material would be lost. It starts to feel sales-y when STR is the main component of the host’s interests, business, and portfolio, in conjunction with us getting it as top 1 or 2 topics in most conversations. I’m sure no ill intentions, but Airbnb topic feels like we’re in a hamster wheel of education. Love Rob’s addition and personality for sure tho!
1) I’ve had this convo with several other hosts, what we’ve found is the strong demand for short term housing. It just so happens Airbnb has capitalized this market early.
2) Airbnb needs a competitor platform, which will happen. Vrbo is one.
3) there’s too much power with Airbnb right now as they can literally shut off your business without a way for you to get it back. It’s very sad, as I’ve seen it with other hosts.
I'm calling b.s. on the cannabis smoking thing. Any stoner will tell you that although initially strong, cannabis smoke doesn't linger. People were either smoking cigarettes, cigars, or blunts.
Just needed to clear the air on this very important issue.
🔥🌲🌬
I felt personally attacked here, who on Earth would actually have a problem with some faint lingering odor of THC? It’s not a “dirty” smell lile cigarettes or an overpowering smell like cigars, it’s just a naturally sweet and coevolved scent
@@devitomichael lol 😂 but seriously though. If you don’t like the smell of cannabis, especially fresh cannabis, you’re dead on the inside.
But it really is true-even smoked, it doesn’t linger. It’s strong, yes. Then dissipates. Everyone get over yourselves and ask the better question: does it cause yellowing of the walls?
Answer is no again. Formaldehyde, ammonia, and tar mostly do that. Not the fatty acids and carbon dioxide that make up cannabis smoke. But now we’re back on track!
yes
My Buddy is building some cool campgrounds unlike any out there!!
Looking forward to them.
I’m a student in Nigeria please make a video of ways to make money online without any capital
Not hard 😂
Definitely all about the #bookdirect movement. Becoming an online travel agent is key to getting all your eggs out of 1/2 baskets (Vrbo + Airbnb). Plus you can add your own fees that these sites were once taking to just host your place!
Mark at Boostly is offering tons of insight about it!!