Is buying an RV lot a good investment?
Hi My wife and I just took a month long trip through California and Arizona. We are planning to spend next winter down there. We have looked at a few resorts with lots for sale. Could anybody help ...
Forum Discussion
If you have money sitting around making 0.7% then maybe. If you will use it for more than 4-5 months then maybe as property tax and HOA fees may equal 3 months of rental costs. If more than 10% of the lots in a park are for sale, then it could be hard to sell BUT a low ball offer might buy one. Going to the same place each year has some advantages as you become friends with others in the park. Assuming there are plenty of things you like to do in the area then going to the same place is a plus. Only you can decide what's right for you. We ended up buying even though we only use it for three months because there are not many parks in SE Fla and the Canadians come down for 5-6 months so it's hard to rent for just 3 months.
