this post was submitted on 16 Nov 2023
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RVs, and storage for them, huge increase since covid. We bought a 4.5 acre property zoned for outdoor storage and are in the process of building out the property with a mix of covered and non covered parking. $3.5m investment that will net $40-50K a month once filled.
Never could understand RV's too big for realistic long term travel, and a pain in the ass. I am young but actually liked the looks of a volkswagen van's that hippies would be seen driving in. Closest now feels like a utility van. Drop a bed in there, place to store water and some mobile gas stove, and your off.
I have been planning on starting an RV park for the same reason. I hate to say it, but as younger people are being priced out of rental options, quite a few are moving into travel trailers full time.
Rent out those stored RVs to the locals and you're on to something!
4.5 acre property zoned for outdoor storage in Seattle? Do you care to share the neighborhood? Lynnwood?
How did you put $0 down for this? Where does the financing come from?
Can I ask how you secured a 3.5m loan with no money in?