Chris KoernerSerial Entrepreneur and Content Creator

Everything you need to know #rvparkinvesting #realestateinvesting #realestate #mhp #business

12 Jul 2024 · 1 min

Watch on YouTube

0:48

Short (≈52s) YouTube video by Chris Koerner giving a quick rule-of-thumb for valuing RV parks (using cap rate = NOI / price) and practical, direct outreach tactics for finding off-market RV park deals. Recommends targeting ≥12% cap rates and personal, in-person seller contact (cold-calling/visiting).

Questions this video answers

12% or more.

NOI = $100,000, asking price = $1,000,000 → cap rate = 10%.

$800,000.

Chapters

If you want to find out how much an RV park is worth and how you can find cheap RV parks, I'll teach you in 52 seconds. How much is an RV park worth? Find out what the net operating income or the profit is of the park and divide it by the asking price. So if the profit is 100 grand and they're asking a million dollars, that's a 10% cap rate and that's too expensive in my opinion. You want a 12% cap rate or more. So if it does 100,000 in profit, you don't want to pay any more than 800 grand. Okay, how to find parks that are off market for great deals Start cold calling. Get in your truck, go drive to them, look them in the eye, shake their hand, meet them and say, I'm a good old country boy, married with kids. I want to buy your park. Get to know them and I promise you that's the best way that you can find good deals. I buy parks every month with investors. Dm me the word park or comment word park below and I'll teach you to how.