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
Some good replys on here. For us it has been a good decision but it depends a lot on the person. Couple of things I see repeated fairly often that I think are incorrect.
1. RV lots are good for people who only want to stay in one spot. I see it as kinda the opposite. If its a nice lot in a good location it is easy to rent it out either privately or through a resort program. That covers expenses when on the road and when you are ready to settle down for 5 or 6 weeks head back "home".
2. Unless there is still some level of ownership by the developer the RV park can not be sold any more than a subdivision of houses can be sold. There is no "owner". All the lots are individually owned and HOA fees pay for common amenities and services such as golf courses, pools, club houses, tennis courts, fitness clubs etc. This is no different than any other gated community with amenities.
We were fairly young (42) when we bought so for us it is a no brainer not to rent. Rent is upwards of 1500 dollars a month where we own in the south and not far from the that at our northern spot. Prices will go up and down according to the market but at the end of 10 years you could probably sell it for zero dollars and still be ahead. For full timers planning on being in the lifstyle for awhile they can also be part of a well planned exit strategy.
Good luck in your decision process.
1. RV lots are good for people who only want to stay in one spot. I see it as kinda the opposite. If its a nice lot in a good location it is easy to rent it out either privately or through a resort program. That covers expenses when on the road and when you are ready to settle down for 5 or 6 weeks head back "home".
2. Unless there is still some level of ownership by the developer the RV park can not be sold any more than a subdivision of houses can be sold. There is no "owner". All the lots are individually owned and HOA fees pay for common amenities and services such as golf courses, pools, club houses, tennis courts, fitness clubs etc. This is no different than any other gated community with amenities.
We were fairly young (42) when we bought so for us it is a no brainer not to rent. Rent is upwards of 1500 dollars a month where we own in the south and not far from the that at our northern spot. Prices will go up and down according to the market but at the end of 10 years you could probably sell it for zero dollars and still be ahead. For full timers planning on being in the lifstyle for awhile they can also be part of a well planned exit strategy.
Good luck in your decision process.
