RV park investments are probably not the first thing you think of when somebody says “real estate investing.” You’re probably used to single-family homes, duplexes, apartments, or something that has to do with long-term, residential real estate. What if we told you there was a hidden niche in the real estate investing arena, one with less competition, sky-high revenues, and almost unlimited ways to cash flow.
Heather Blankenship has been in the short-term rental investing niche for more than a decade. It was much different back when she got started. On a coast-to-coast road trip, Heather had the idea to buy an RV park. She had no experience, no money, and knew nothing about hospitality operations. She was, quite surprisingly, able to find and buy a $3.2M RV park, which she’s now upgraded into a $15M property.
Don’t get her story wrong, this is not a “fake it till you make it” type scenario. Heather put in years’ worth of long days, longer nights, and enormous effort to make properties just like this one, finally profit. Now, with three kids and a portfolio worth over $30M, Heather has become one of the leading figures in creative short-term rental investing. If you’ve never thought about glamping, camping, or RV park investing, this episode will seriously pique your interest.
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Hear Heather’s Interview on The “Real Estate Rookie” Podcast:
Fanboy with Rob over Matthew McConaughey’s Interview:
Campgrounds—The Investment You’ve (Probably) Never Thought About:
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Instagram: @heatherblankenshipx3 or https://www.instagram.com/heatherblankenshipx3/
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02:14 Quick Tip
03:11 Stumbling Into a $3.2M Property
08:29 Is the Short-Term Rental Space Softening?
16:25 Airbnb’s Recent Updates
23:03 Building a Bigger Brand
26:59 The Rise of Glamping
41:11 Insane RV Park Revenue
52:30 Deal Deep Dive
59:26 Famous Four
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