Re: RV/camping Lot Rentals? - Posted by Ed in Idaho
Posted by Ed in Idaho on May 30, 2008 at 12:35:06:
Haven’t done that myself,… yet, but have thought about it in my area. But my area has a very high potential for RVers to come to because of what is around here. What does your area offer within say 2 hrs. of the lake, and is this lake in a central location? Is the lake a highly desirable place for Rvers to come to? So many questions and scenarios for this situation.
You’ll really have to open up your mind on this one to see all of the potential. Just to get you started, a couple of thoughts are 1) If the area is full of RVs looking for a place, buy it and rent out like you said. Maybe add something that sets your lots apart from the ordinary, like picnic tables (set in concrete) and BBQ pits 2) Treat it like a rehab. Buy low, fix it up, sell high maybe with owner financing. Create a note, keep or sell the note. Fixing may include landscaping, concrete pad, storage shed, covered awning, etc. etc. 3) Add an RV or small trailer to the lot, sell as a package deal.
Lots of possabilities, but make sure on those you really consider 3 things first. Location, location, location. I see a lot of abandoned RV parks around that have died simply because nobody wanted to be there. They didn’t offer enough in the sorrounding areas to make the people want to come there.