This is the #1 investment. I’ve been an appraiser for 26 years and I owned a marketing agency and other businesses. Don’t sleep on this. Everyone is looking at multi family when you should be looking at this niche. Untapped but institutional money will move in. This niche is the next storage unit boom.
Yall need 10-50k to work with CPA. They base leads on a mailing campaign. So ongoing marketing expenses are up there. They have a good online software program to calculate income and expenses as well as a messaging system to their team for questions. You can keep track of deals and their statuses as well. Their team can see your deals and how to navigate them. There are several conferences during the week at set times and youre able to listen to old calls as well. Decent program but not cheap.
Value is increased when NOI is increased. Under-market price is determined based on several factors, from Pro Forma potential to market cap rate relative to deal cap rate.
Is it like mobile home Park investing where owner finance is common? Do you ever buy a RV park owner finance and then after possibly two or three years receive bank financing? I’m looking at an RV park to owner finance for a couple years and then do a traditional bank loan.
@@CommercialPropertyAdvisors thanks for the response. How long do they hold the property with owner finance before they refinance with a bank? Two years, three years, more?
RV park IQ I think is a data grabber… I wouldn’t be putting any address in a database. They just want to buy the land before you do I bet. Absolutely not with all due respect.
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This is the #1 investment. I’ve been an appraiser for 26 years and I owned a marketing agency and other businesses. Don’t sleep on this. Everyone is looking at multi family when you should be looking at this niche. Untapped but institutional money will move in. This niche is the next storage unit boom.
Yall need 10-50k to work with CPA. They base leads on a mailing campaign. So ongoing marketing expenses are up there. They have a good online software program to calculate income and expenses as well as a messaging system to their team for questions. You can keep track of deals and their statuses as well. Their team can see your deals and how to navigate them. There are several conferences during the week at set times and youre able to listen to old calls as well. Decent program but not cheap.
Mannn this brother is right on time!!
Thanks!
Hello Peter am in Los Angeles and am interested in the RV Park, This is over 2 years am following you
Thanks
Sure you are with ur terrible english
How do you increase the value Peter? How do you figure out if its undermarket value?
Value is increased when NOI is increased. Under-market price is determined based on several factors, from Pro Forma potential to market cap rate relative to deal cap rate.
You are such a trustworthy respectable wealth of knowledge, and are very much appreciated!
Thank you for those kind words!
Thankful I found your videos. Thank you for all the knowledge.
You are welcome! Glad it was helpful.
Thank you
You're welcome
HEAR HEAR
RV pArks 10:04
Is it like mobile home Park investing where owner finance is common? Do you ever buy a RV park owner finance and then after possibly two or three years receive bank financing? I’m looking at an RV park to owner finance for a couple years and then do a traditional bank loan.
It's very common to start with owner financing and then refinance a few years later.
@@CommercialPropertyAdvisors thanks for the response. How long do they hold the property with owner finance before they refinance with a bank? Two years, three years, more?
@@lukegraven7839 3 years is most common but the longer, the better!
RV park IQ I think is a data grabber… I wouldn’t be putting any address in a database. They just want to buy the land before you do I bet. Absolutely not with all due respect.
First