Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Fixing it right the first time!

25 Aug 2024 · 1 min

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A 28-unit RV park bought for $300,000 got a complete $300,000 overhaul, including a $135,000 septic tank and drain field to replace a system that failed every decade. The owner cut it to 25 units, cleared a hill, fixed potholes, and evicted non-payers instead of patching problems.

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We bought a 28-unit RV park for $300,000. We put $300,000 into it, but we've just finished the project. That is the new septic system. We had 28 units, it's now down to 25, moved a couple spots. This thing failed every 10 years. Instead of band-aiding it like everyone else does, we did the flip right. We constructed a whole new septic system, new tank, about $135K. Got all the permitting, all the process done, towed RVs around. Cleared this hill here, and this is our new drain field. So instead of this pathetic little piece of grass that fails every year, big old field, correct septic system. We're all in $600,000 on the entire project. We got new parking, we got, we got potholes fixed, we got garbage cleared, we got junkers removed, we've got non-paying tenants out, and we got a new septic system. This is how you do an RV park flip.