DiskDoctr wrote:
Since you are well experienced with RVs...are you skilled at and interested in fixing up RV's?
If so, that might be your niche. Buy RVs that need something (even if you have just one repair concentration area), fix them up to rent and then sale.
4 options to increase rental profits.
1. Decrease cost
2. Increase value and price
3. Extend longevity after ROI goes black
4. Lump sum resale
Carefully buying fixer-uppers and doing professional repairs can hit all 4, with the option of trading 3 for 4 or vice-versa.
Almost makes you an RV dealer, but with rentals LOL. Could be a good analog when pitching to your insurance company, business partners (CPA/Atty) LOL.
Good luck!
That is a rabbit hole I would NEVER recommend to even my worst enemy.
Yeah, I sort of have some limited experience with fixing and selling used trailers..
Bought one to fix up for myself, paid $1800, dragged it home to find out that the entire front and most of the roof structure was shot.
Took six months and $2K of my money to make it usable.
New paneling through out, had to custom make new upper cabinets (old ones water damaged and fell apart as I removed them), new flooring, made a new couch/bed frame(previous owner ripped out the couch/bed frame and left me with a solid 3/4 plywood bed)..
Used it two years and bought a slightly bigger trailer which also needed a gut job but was a much better fit for us..
Sold the first one for $1800 and it took me NINE MONTHS to sell it at that price.. Most offers were $800, I would have considered BURNING IT TO THE GROUND before selling it for that price.
My current TT is the LAST AND FINAL RV I EVER PLAN TO BUY OR OWN and I will most likely burn it to the ground before considering attempting to sell when I am done camping..
I HATE losing money and RVs are a loss..
You people have been watching too much of that made for TV reality garbage to believe you can or will make money on flipping RVs or even renting them..
