Joe Downs explains how to buy a boat or RV storage business with a small down payment using SBA loans (around 10% down) or seller financing. He warns that due diligence matters: you need a facility that actually makes money.
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Is boat and RV storage realistic for someone who doesn't have a huge down payment sitting around? You betcha. SBA. And on top of that, guess what asset class is the most seller-financed? Boat and RV facilities. So the 2 most powerful financing tools are extremely and most wonderfully applicable in this space— seller financing, SBA. SBA, 10% down. Seller financing, I don't know, depends on what you negotiate. Uh, I'm hearing people getting absolutely getting deals done at 100%, which, you know, sounds great. Dot i's, cross t's, don't skip anything, because the last thing you want is 100% finance facility that isn't going anywhere and can't make money.