Chris KoernerSerial Entrepreneur and Content Creator

Boat & RV storage profits #rvstorage #boatstorage #rvparkinvesting #realestate #realestateinvesting

10 Jul 2024 · 1 min

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Chris Koerner describes a plan to convert a 16,000 sq ft warehouse at an RV park in Shreveport, Louisiana into boat and RV storage. He states the building (80x20 ft) will fit 50 boats/RVs, charges will be $200/month each, producing $10,000/month or $120,000/year. With an existing park manager and low marginal costs, he argues this would add roughly $1.5M of equity at an 8% cap rate with minimal extra capital or work.

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Right. Here's exactly how we plan to use this ugly red warehouse to print $1.1 million of free money. So this warehouse is at an RV park in Shreveport, Louisiana, that we are buying in a few weeks. The original owner of the RV park built this building. It's 16,000 square feet, 80 by 20ft. He built it to do boat and RV storage, but then he just stored his crap in there. Now that we're buying the park, he's moving his crap off site, and we're going to go ahead with that plan to do boat and RV storage. We're right in between two lakes. We're on the main highway. There's no competitors around, and we can charge $200 per month for a boat or an RV. And this thing fits 50 boats or RVs. So if you're doing the math, that's $10,000 a month or $120,000 a year. And we already have a park manager sitting in the office. So our marginal cost of adding the service is next to nothing. So $120,000 a year at an 8% cap rate equals almost $1.5 million of equity added to this park for no additional money or work. Follow me for more RV park investing info like this.