Ivylog wrote:
If anything, Wp's numbers and times are on the low side. As the owner/developer/operator of a CG, it was a "instance success" after 10 years...did not have to keep putting money into it. Fortunately back then I could use the tax right offs and now 20+ years later the income.
There is a brand new listing on rvparkstore.com for a park in Texas that was built in 2017. It is 3 acres, has 41 sites and is offered for only $1,800,000. That is just less than $44,000 per site and with only 3 acres of ground, the sites are close together and there is no room for expansion, should you be successful.
The few photos make the place look great, except for the fact that most of the sites are unoccupied. That is the huge elephant in the room that novice builders of new parks overlook. It is hard to generate occupancy in most locations. Build a park in Anytown, USA today and tomorrow ask Siri for a list of the RV parks in Anytown, your park won't be on that list. When the old timers (many of today's RVers) pull out their Good Sam or Woodalls guidebook, your new park isn't in it. And it never will be in the books most people have, because they don't buy a new one every year, it's more like every 4 or 5 years. And ever since Lady Bird Johnson took on the task of beautifying our nations highways, even getting a billboard of two is not an easy task, and certainly not a cheap way to advertise.
