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This past year we purchased 2 lots at Outdoor Resorts in Las Vegas. A year ago I would have thought it crazy to spend $150,000+++ for an RV lot but now I think it's an outstanding investment and a great way to develope an RV park.
We all want nice parks with large spaces, gyms, pools and hot tubs. At the same time we don't want to spend anymore than $25 a night. It's just not economically possible.
At Outdoor Resorts they develop beautiful resorts with all the aminities you could possible imagine, tennis, gym, golf, club house, entertainment, theater, card rooms, convenient pools, hot tubs warm year round, and 100 amp service. Then they sell the lots. Just like a condo you have a deed interest in your lot. When you purchase a lot you own a common interest in the aminities.
When you do that you get all of your money returned with a profit from the sales. Then you retain the right to manage the rental pool for owners who wish to rent their lots and you keep half the rental fee. You get an RV park to manage and profit from. You also get all of your investment back with a profit. Lot owners then invest money into their lots in additional trees and shrubs, outdoor kitchens, entertainment centers and bars. That makes the park more even more desirable, increasing your rental income with no investment on your part.
The most critical thing is location. In Vegas for example, existing RV parks are being purchased for higher uses such as resorts, houses, and high rise. Land is too expensive to develop RV parks so demand will only increase in the future. Prices for lots will only go up making your owners happy. In a way your owners own a one lot RV park, and you do too even if you sell all the lots.
It takes a lot of money to develop an Outdoor Resorts. However, I think you could do something that might not be as spectacular on a smaller budget.
I have no idea if Eugene would be that kind of destination. Personally, we are looking into the desert SW or Florida. We would like to purchase more RV resort lots in good locations. If I were you I would check out the Outdoor Resorts in Newport if you haven't done so already.
Michael
2005 Dutch Star 40' 4 slides
2005 BMW K1200LT on lift
2006 Ford Escape Hybrid
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Ernie,
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