I Really Want To Buy A Campground!
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- Опубліковано 12 вер 2024
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We own 6 and even made a course on how to buy a campground. Happy to share!
Let’s see it!
Is there a link?
As a resort owner, I can tell you the fastest way to get to a $ One Million dollar net worth owning a campground is starting with $ Two Million dollars.
Haha. That's good.
LOL!
lol that’s sad
I'd just keep that $80k a year job and buy a permanent camping space. Enjoy your weekends there, and not turn your recreation into a job.
Typical. What him to forego everything?
Hire someone to manage it while you work your $80k job y’all are still young
@@Realg401 lol if only it was that easy, corporation can do what you saying but small business owner cant
I worked at a privately owned KOA blowing leaves and working the front desk scheduling/checking folks in, working the retail store. It was fun :) Good luck!!!
Best idea is to work for a campground learning every aspect of it, saving money along the way. Learn & earn without putting your neck out.
Indeed.
They need to tone down the YOLO/FOMO and experience the dirty side instead of the glamour and fantasy.
Dave Ramsey is consistent.
Do not go into debt even to start a dream business.
Instead wait until you have the cash and while you are waiting learn about your dream business.
Also…. Women are subservient to men
You need financing.
@@tracygaluszynski1868 Saving up is what we call self-financing.
@@CarlGorn you can not save up enough cash to own a multi million dollar business.
@@CarlGornThen you’ll never start anything and just work for someone else. U either roll the dice with some financing if you’re not very rich and most people who have become wealthy has been through financing and taking a chance.
Friend that's the best answer, to work at a campground. PICK-UP, BIG UP SOME TIPS, and IDEAS, LEADS.
I like how committed he is on using his own money!
I want to farm, so I kept looking for the right deal. This fall, I found an overgrown five acre u pick blueberry farm and arranged to pay $100 per month then more as a percentage of the profit next summer. I figure even if it makes $0, it was cheap business education! But we probably will make *some* money.
The fact that we're only in a few hundred bucks is a lot of consolation when the whole place unexpectedly floods, halting work for a few weeks.
How did it go?
If he buys a campground, he'd better be thinking about hosting bluegrass festivals. At least twice a year.
There are all different kinds of campgrounds
Sorry Jeff my post come out a little rude.
I did not intend to be rude.
@@jimmymcgill6778 Jimmy McGill!? I'm a huge fan! I assume you negotiated a cell phone into prison to post this comment.
Depends on the campground. In my home town, there's a riverside campground that has great nature views, tons of trees, but no space for a stage to set up, and not enough tourist traffic to justify one. The campground is mostly used by hunters, fishers, birdwatchers, and grandparents using the R/V to visit from out of town. Not exactly a concert crowd.
I love this! He really sticks by his principles of never borrowing money.
Why do people call Dave and ask, “Should I take out a loan?”?
Don't let them quash the dream. It is likely as viable a business as most others. Doing something you're interested in makes it less like work.
I like Dave's advice in going to work managing a campground first. I've had rental home all my adult life, and there is a lot of advantages about a campground over conventional rental properties. Evictions and tenant damage are among the biggest. You won't have any of these problems. However the campground will probably be seasonal, so you need to prepare for that, and perhaps that will work into your lifestyle. Don't give up the dream. There is a lot of advantages and upsides of being in business for yourself than working "just a job", and you're young enough to recover if necessary.
Yeah Dave is a dream killer. Yes do your research and be careful and know there’s going to be ups and downs like anything.
Summary: Do a detailed business plan, overestimate the work and risks, underestimate the profit. Most people are too optimistic when business planning. It's always more work and less profit than you expect.
But you can set up an ice machine in a parking lot and make 300K/year passively! A gorgeous female on YT said so.
it will be much less fun when you are there 24/7
For many, turning your love into a job can kill your love. But for others, it truly would be their dream job. Like Dave said, he could find he hates it, or it could be better than he ever imagined.
"I love camping so much I want to own a business that won't allow me the time to ever go camping again."
4:10 you'd be crazy not to borrow money to purchase a property worth $13million for only $5million. You could turn right around and sell it, pay it off and pocket $8million.
Often......a power company will " pay " for the installation for electricity up to each pad. After that......its your expense. Its about money for the electric company ! If you never ask.......you will never know. Check before starting. Depends on codes in your area too. This is a major help in paying for electricity !
Merry Christmas all!!
Very popular right now. Always has been, probably always will be.
Now days most campgrounds are full of homeless. Charge a lot if you want to actually get traditional campers.
And require that RV campers own fairly new rigs -- this from a former skoolie camper...
Go work at a type of business your interested in to find out if this is something you like .🙌 Get educated on what your interested in and get payed. Not getting knowledge in a business before you buy is like asking to fly an airline with not instructions.
I'm not belittling the young man but I love to eat out but I do not need to buy a resturant.
Are you ready to run a water treatment plant? You would be considered a public water facility.
good question .. IMHO ...to the caller.. please keep in mind the "indirect" competition to RV campgrounds like harvest hosts
RV Odd Couple with other people did a campground. Insurance is outrageous!
So true. Awesome advice
Our podcast shares everything we've learned in our journey of buying, operating, and growing our portfolio of RV campgrounds, resorts, and marinas.
Great advice.
Yeah I can camp for free in a lot of areas. I love to camp. Not exactly sure how profitable this business model is. Which unfortunately can matter if you don't have a lot of money. A lot of people I know that camp do it because it can be a relatively cheap hobby.
And there still people that pay for it. Lots of RV parks are not free.
Location location location
the guy wish he never called...
Call Dave Ramsey where dreams go to die
Correction: STUPID dreams go to die
What business are you running currently and for how many years have you been doing it. Dave's advice is solid!! Then again my business is too since 1986.
There was already a video years ago about a dreaming couple that bought a campground and got in over their heads.
They can call now or call later when up to eyeballs in financial issues.
@@amireallythatgrumpy6508What’s a stupid dream? All dreams have their ups and downs.
It's jack of all trades, master of one. Without the focus and commitment to the one, there's discombobulation and irresponsibility with the all.
No, he was right. It's Jack of all trades, master of none.
Meaning if you have a little knowledge of all trades you've never put in the work to master any
@@scroogemcduckismyspiritanimal Oh right, I get it. There are those Jacks who have mastered a skill, of which I've known quite a few, and there are those Jacks who have not yet mastered a skill. 👍
Dave may knoe real estate. But he knows nothing about campgrounds.
How you know? I see a lot of “picnic sheds” when we take our rv to campgrounds. 😂
this person can do some type of creative financing or bring in some partners to put up the cash.
The big C(I don't know you UA-cam banned that word), did not shutdown camping.
It seems Dave doesn't know what a campground is.
The guy seems like he done his homework, and knows how much it costs to buy, and how much it costs to run.
This is not the same thing as buying a building.
You can have a campground without utilities.
Depends on where you were, maybe. We had campgrounds blocking out every other campsite.
So not a total shutdown but a significant loss of revenue
100% untrue. Had my sp break trip cancelled in 2020 when ocean lakes cg was forced to close in south Carolina by the local govt for the big c
✝️🙏
Owning a campground is not what this guy thinks...after one year he will hate his campground...his wife might leave him...these businesses tend to be multi-generational...electrical, plumbing and insurance will eat you alive...you hire kids to do the "work", you do the business end, finance & accounting, it isn't fun...a lot of impossible hard work...a lot of campgrounds are a hair's breathe from bankruptcy.
Are you just generally this negative? Can you think of a business where the opposite of these things would be true? Enlighten us.
@@19derrick77 I have been in business all my life. Owning a campground is 24/7. It can be for many people a lifestyle. You can't find somebody stupid enough to loan you money on a campground. It is kind of a golfer owning a golf course.
He is qoing to find that working with the county is going to be a b*tch. I agree with this: "As a resort owner, I can tell you the fastest way to get to a $ One Million dollar net worth owning a campground is starting with $ Two Million dollars." Thanks Doug.
30 yrs old - just do it. While you have the drive and strength
That's cool!
Did he say great to talk to you and not Jon 😂
Dave hates single moms
Why do you say that?
Follow your passion and dont look to Dave R for acceptance.
Yeah. Dave is not right about everything.
@@jimmymcgill6778 true but seek a business planner, someone to look over your plan for sure.
@@Nolaman70 Of course. Dave doesn't do this kind of real estate. SO he only know half the stuff.
Find a decent passion. This is not it.
One third of Dave financially troubled callers are the ones who followed their passion.
This what Islam says . No interest . It’s a major sin in Islam .
☕️