First time... full time.
Hello everyone. Its my first time on this site. I'll get right to it. My wife and I moved to Northern California about 7 months ago. We love it and want to spend some time there but we are going to ha...
Forum Discussion
Points to consider and research:
New versus used RV costs. If you have cash, great. But if you take a 15 year loan to buy a depreciating asset, besides a big monthly payment, you’ll still be liable to pay off a big chunk of the loan after you get bored with it and sell for whatever you can get for it.
Income stream - similar to the $2000/mo. apartment example you gave, you’ll need enough to cover your RV “rent.” Costs of insurance, maintenance, fuel, propane, expensive repairs, etc.
Then there is weekly, monthly or nightly RV campsite rental. Utilities may be extra in long term rentals. Everybody has fantasies of pulling off the road to camp free in the woods, but it’s not quite that simple.
New versus used RV costs. If you have cash, great. But if you take a 15 year loan to buy a depreciating asset, besides a big monthly payment, you’ll still be liable to pay off a big chunk of the loan after you get bored with it and sell for whatever you can get for it.
Income stream - similar to the $2000/mo. apartment example you gave, you’ll need enough to cover your RV “rent.” Costs of insurance, maintenance, fuel, propane, expensive repairs, etc.
Then there is weekly, monthly or nightly RV campsite rental. Utilities may be extra in long term rentals. Everybody has fantasies of pulling off the road to camp free in the woods, but it’s not quite that simple.
