Aug 7 2023
416. RV Campground Investing with Don Spafford
Discover the lucrative potential of RV campgrounds. generating impressive cash-on-cash returns of 12-15% on average, attracting investors seeking higher income streams. In this episode, Don Spafford discusses his experiences and insights into the world of RV campgrounds as a lucrative investment opportunity. He compares the advantages of investing in RV campgrounds for immediate cash flow versus the long-term equity play of build-to-rent properties highlighting the increasing trend of younger campers seeking outdoor experiences and remote work options, driving the demand for campgrounds. He also touches on operational challenges, such as maintaining a strong team and managing seasonal demand. With a focus on off-market deals and strategic property selection, Don's firm, Beyonder, aims to capitalize on the booming camping industry while offering investors attractive returns. This conversation is sure to provide valuable insight into RV park and campground investing that could help you realize your passive income goals! [00:00 - 10:29] Unraveling the Lucrative World of RV Campground Investments Meet Don Spafford, an expert in RV campground investments, who shares his journey of transitioning from traditional multifamily to the lucrative world of RV parksRV campgrounds attract both high-income travelers and budget-conscious adventurers, ensuring steady occupancy ratesDon shares the strategic locations of RV parks, driving their success with easy access to major cities on Passive Income UnlockedHe ensures seamless operations and exceptional guest experiences in RV campgrounds, offering valuable insights for those interested in hands-off real estate investing [10:30 - 19:52] Strategies and Insights in RV Campground Investments Financing and risk management tips for RV campground investmentsDon shares insider tips on sourcing off-market deals and negotiating flexible options, making RV campground investments an attractive venture for savvy investorsDon's expertise mitigates potential challenges and ensures exceptional guest experiencesHe reveals the dynamic pricing techniques used to optimize RV campground rental rates, combined with strategic comparisons with nearby competitors [19:53 - 31:09] Cash Flow vs. Long-Term Equity and the Rising Trend of Younger Campers Insights into the contrasting investment opportunities in RV campgrounds and build-to-rent townhomes, showcasing their respective strengths in cash flow and long-term equity potentialDon reveals a rising trend of younger families and remote workers favoring RV camping, driving demand for campgrounds and glamping optionsHe emphasizes the importance of reliable staff to tackle operational challenges in managing campgrounds effectivelyKey investment criteria, focusing on size, location, and expansion potential for campgrounds, providing valuable insights for interested investors, are shared Connect with Don: Website: Beyonder Camp, Beyonder Camp Fund LinkedIn: Don Spafford Facebook: Don Spafford Key Quotes: "For those who are looking for great cash flow, these campgrounds are the best option out there to get great cash flows right now, and overall, of course, the returns are still great." - Don Spafford "But that's been definitely a big trend for sure in the last few years. Especially 'cause of COVID, people now have the option to work from home. So now if they can work remotely from anywhere, I don't wanna be stuck here in my small town wherever I want to travel the country." - Don Spafford WANT TO LEARN MORE? Connect with me through LinkedIn. Or send me an email at sujata@luxe-cap.com Visit my website, www.luxe-cap.com, or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!