How much did it cost me to buy a $5 million RV park? NOTHING. 🤯
ㅤ
I actually got paid to buy it. This is the part school never taught you.
ㅤ
Comment or Dm me "PARK" for a detailed breakdown.
ㅤ
The seller bought this park for $1.1M years ago. Now he's ready to retire and move his money into something else.
ㅤ
So instead of me running to a bank, he became the bank. He carried $4.7M in seller financing. I send him about $18K a month (covered by the park's revenue).
ㅤ
So where'd the cash to close come from? I raised $350K from private money lenders — $250K for the down payment, $100K for closing costs.
ㅤ
That's why I say it cost me nothing. I didn't fund this. I structured it.
ㅤ
Comment or Dm me "PARK" and I'll send you a walk through on exactly how deals like this get done.
ㅤ
#realestate #rvpark #investingadvice