Building an RV park for overnighters?
Was talking to my brother-in-law over the weekend and he asked me about ideas for a piece of investment real estate he owns. 120 acres with a 10 year option to purchase more in the future. Location is...
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When we stop for a quick overnight, we look for a Walmart right off an interstate exit. We use Walmart for a few reasons, one and most importantly, it is free. We don't want to pay $30+ for a 6 - 8 hour stay. We also usually go into Walmart early in the morning to pick up supplies we need. We also like that most Walmart parking lots have security driving around throughout the night. We have stayed in probably a dozen different Walmart lots and have never had an issue.
If the choice was pay $10 for a no-frills RV park vs. a free night in a Walmart parking lot, I'd pick Walmart. If the choice was pay $10 for a no-frills RV park vs. a Truck Stop, I'd pay $10. Anything over $10 and I'd be back on the interstate looking for a Walmart. You'd need to fill a lot of spaces at $10/night to make any money.
-Michael
If the choice was pay $10 for a no-frills RV park vs. a free night in a Walmart parking lot, I'd pick Walmart. If the choice was pay $10 for a no-frills RV park vs. a Truck Stop, I'd pay $10. Anything over $10 and I'd be back on the interstate looking for a Walmart. You'd need to fill a lot of spaces at $10/night to make any money.
-Michael
