As always the numbers look very inflated. Here are a better numbers: - 47k down + $1750 on mortgage per month (considering 4.1% interest rate - good luck with that) + Business Insurance (around 1k a month) + permits + 3600 per month for the manager (I still believe you will need a full time employee. How do you avoid people just using the property without paying or any issues (like leaks etc?) do you trust the clients? Also 10k per year on maintenance (which can be much more in case of leaks or extra unplanned work on pavement, etc). So all in all the cost per year should be around should be around 85k per year minimum + the 47k down. - Considering you are charging 450 per month (not sure you can get all 35 rented all the sabe time always, so I would consider a 80% occupancy rate), so lease call it 28 units occupied. This will Gross around 150k, which will NET around 65k per year. Not bad, but take taxes, self employment taxes, etc, and you end up with around 50k per year. Not bad, but not even close to the numbers she is representing. It should pay for itself on 1 year and cash flow after. But as any business there are risks. You need to work to gte it busy, deal with unhappy clients, lawsuits, lawyers, accountants, etc...
Agreed…. But there’s more.. Electricity - unless this park only does monthly sites (where electricity is paid by the rv owner) there is a cost for the electricity each RV is consuming and RVs are not the most energy efficient homes. Next, water, 35 campers using water, that’s a lot of water, even though you would consider them low usage. That’s several hundred dollars a month. Trash for 35 homes? That’s going to be a couple of dumpsters a month or several hundred dollars. I would expect unless this is a giant gravel pit in the middle of nowhere, these rv residents would like the lawn to be maintained, that’s going to cost hundreds and hundreds of dollars a month. That person who gets paid $1.73.hr (3600/yr) is not likely to mow the grass.. I bet these residents would be expecting internet via wifi. That’s not free. Sewer usage for 35 homes isn’t exactly free either. The list goes on and on. With larger rv parks, most owners net about 50-100K/yr in profit. I’m not sure how this magical rv park is able to be such a gold strike compared to the rest of the owners…
@@ScottBalkum exactly. And even at a 50k profit, one unplanned event can consume all of it (if any). From all her businesses I am sure the one that she makes all the money is TH-cam and all the courses she probably sells. As always ....
The RV park industry in SOOOO much more complex than what is being described here! Also, are we talking about mobile home parks or an RV Park ? The RV park industry is a lot like running a hotel. If it's an RV park, is there a franchise fee? Anyway. This is a complex business. Just saying, and Yes Codie, good comment on the need for good management. Good management is the difference between an RV Park where derelicts cook meth and a place for nice people to live.
Amazing video! If you don't find a means of multiplying your money, you will wake up one day to realise that the money you thought you have has finished. Investment is key..
I strongly agree with you mate. Investment is the key to sustaining our financial longevity, and not just any investment but an investment with guaranteed return.
To earn more you are required to have a multiple diversified stream of income, which is why investment is an avenue of making more money once it's profitable.
Crypto investment requires good experience and knowledge to carry out good and successful trade. because I have actually lost a lot trying to trade all by myself.
Great video and definitely an impressive deal, but to be clear - its not really "cash-flowing" $15k a month if he took a loan on the acquisition that's the total revenue. Most re investors would consider cash flow to be after debt service and expenses. Still a great buy but I think its important to highlight the debt service to get the complete picture.
Great point we didn’t include debt service in this one and should have. To be fair the property is now doing more like 20-30k a month post a 4.5% debt service.
Before you invest in an RV park, check on County, City regulations on length of stay allowed. L.A. County Ca. limits stay to 90 days in a 6 month period.
love your videos codie. i'm 60 years old, trying to find my second act. could you give us some ideas on getting a marina? it's an idea that has been gnawing at me for quite some time. hell - 3/4ths of the earth is water!
There’s a lot of things missing. What are the net operating expenses? Debt service? Taxes? There are a lot of expenses being left out here which can be very misleading. Rv parks are great cash flowing assets if you can get a good off market deal but there is definitely more to it then a down payment and closing costs and then boom your cash flowing.
so is this a trailer park where basically people are barely getting by? where increases in rent mean homelessness? if thatʻs the case, why is it so necessary to make 373% coc vs 200+ % coc without rent increases?
problem with this is quite simple... to qualify for a 400k loan you need to show the lendor or the bank that you have at least two years experience in the business or are bringing in at least 10k a month in revenue.... so ya.. read the fine print people
$350 a month lol. I have been looking cause I want to buy an RV for my travel work, I have been getting 30 day quotes of $1800 plus. Total price gpuging
Some people are not making the distinction and think this is a campground. This is a mobile home park so there are no restrictions on length of stay. Leases are signed here too. The issue also is that there are NOT many that actually are profitable or they are in areas where they will not be profitable....ever.
There’s always so much detail left out of these videos. Obviously there was a reason it wasn’t selling that should be pointed out. Assuming no vacancy is always weird. Sometimes a more in depth video would be way more beneficial
This sounds great but you're stating the income figures as if they're net but they're really gross. There's no mention of expenses like repairs, utilities, improvements, vacancy. I think his P&L would look very different than explained here. A property manager for $300 a month sounds doubtful, likely more like someone on site who handles odds & ends, but he's still managing things from afar (i.e. who does the bookings, interfaces with contractors/vendors/etc.). I'm researching rv parks & campgrounds, but management/operation time investment is making me skittish. Would be great to hear directly from him on these topics.
Pretty sweet. If he put 40 k into BTC he’d have no maintenance, no mortgage and it will (if history is any indication) 10x in about 4-5 years. Then he could either buy the park outright or borrow against his BTC holdings and buy a property or more BTC, which is considered property, it’s just digital property that doesn’t degrade, need maintenance, can be moved for almost free, and can be sold in seconds. Liquid property.
You pay a property manager $3600/yr? So, their rv spot is free ($350/mo value) as part of their package. Their total compensation is $7800/yr for a 35 spot RV Park?! I dont know where you're finding these suckers but I'm looking for someone to work their ass off for that type of pay at my tiny home community.
There's an rv park a mile from my home on McClain lake in northern Wisconsin. They have 218 spots and charge $650 a month in rent. I wonder what their cash flow is? I do know that 70% of their spots are permanently full.
$400K for a 35 slot RV park? The park we are at here in Clearwater Florida (granted it’s a expensive location), but the park sold for 5 million and it’s being demolished to create condos. My point is, if the location is desirable at all, it won’t be less than a million+.
Here in Southern UT. RV resorts are full in the winter with Snowbirds. And a little less full in the summer months because of extreme heat. 109 tomorrow. Same with resorts in northern states, mostly empty in winter because of brutally cold winters but busier in the spring, summer and fall mos.
love your vids and all but do you have a video on how you find these business that are being sold you talk about the math behind it and the mark but idk seen a vid about how you can find one being sell yet, love the vids again and keep it up
I am about to build several different things including assisted living, RV park and a storage facility. Good video even if the numbers are a little wild lol.
@@CodieSanchezCT Those are called park hosts. They are not property managers. Also, if they were getting rent and utilities for free, would there not be only 34 sites of this 35 site rv park contributing revenue? You counted their rent as revenue.
These numbers seem way off. First it is assuming that all 35 spots will be full every month for a year and that is very unlikely. Second you said the property manager was 3600 a year. That can't be right even if he is living onsite. That is 75.00 a week.
ty! AFTER reading some of the moronic comments on here , I understand why there are so many sore losers, working sheep, you cant do thatttt...thank for showing me that my ideas are good, valid just get off my ass at 65 and do it. Start small go big! the hell with some here!
RV Parks are way more complex than this breakdown. I'm in South Carolina and RV Parks are selling for ridiculous multiples.Just looked at one making $300,000 in revenue selling for $2.3M.
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $960,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
@Doukas Amal That's impressive. Are you giving her your money or the money stays in your trading account? What's really the idea behind copying trades.
Hi Thank you for your great info Can you makes more videos on how to invest with small budgets to help more and more people to move on to get there goals 🙏
I owned and operated an RV park for many years. These numbers make no sense. You're missing most of the expenses. No debt service. Someone to manage the park for $3600 is crazy. And your Cash on Cash return number seems to just be made up because you certainly didn't show the numbers.
Have you ever dealt with resentment from employees who watch your videos about escaping the 9-5? How do you balance your personal brand (leverage other peoples labor to get rich) with keeping employees happy working for you?
I don't think you'll ever hear me say "escape the 9-5" instead it's do what you love with who you want. I treat my employees like partners, they do deals, add clients, do other stuff but stay with me because that love what we do. It's a fine line.
NEVER and I repeat NEVER let the employees know where you live and don't drive high dollar cars to work and be that show off. I have to admit....I'm guilty of doing just that and the thing is.....the employees only see the results of your investment. I had 2 childcare centers and a bunch of rentals, bought the nice house, Hummer H2, z06, Cadillac XLR, Silverado truck, had the nice watches. The employees become resentful and that was even after I gave everyone 500.00 Christmas bonuses and on random days I would single out an employee and tell them to leave my building only to hand them a steakhouse dinner gift card that covered their whole familys meal for the evening. I even bought things for their kids if they were active in certain activities. In the end I was the rich guy that didn't do shit but make myself money......never got that one. Now I never let on that I am the owner of the business.
How many businesses do you have? I was just curious. I found this channel from your laundromat business. I have family in TX that owned a laundromat business for years Crow brothers laundry in Waco Tx. It’s a service people always need. Laundry doesn’t go away because of a recession or pandemic.
Eventually it will go down .. might not completely disappear.. more and more people have washer and dryers in their homes .. even some small apartments and condos have small washer and dryers inside .. sometimes the apartment complex provides a laundry room .. anyways it’s a good business .. my friend owns one
@@TonyWTFscream not being a di*khead but that’s the truth.. I got few small businesses like rental properties but it’s not always rainbows and unicorns 😂 .. $hit happens .. but as long as you’re ready to face the challenges, it’s all good. In the case of laundromat, eventually innovation is needed .. for creative people, it won’t be a problem
@@TonyWTFscream even during covid, people were so scared to use the same washer that others have used. I know many that bought small washers for their units .. but like I said I got a friend who’s still doing good with the laundromat business
@@MalluStyleMultiMedia covid has passed my friend. I don't think it's anywhere near as bleak as you paint it to be. Where there's money to be made, there will be someone to receive it and that'll be me, so the other obstacles don't mean much to me.
Fun fictional content that is nowhere near reality. Nobody would buy that property because they had the common sense to know the property tax, liability insurance, fire insurance, flood insurance, tornado insurance, and a law firm retainer for all the grifters intensionally burning down their rigs through shorting out the incoming shore power cord that Kenworth failed to replace the surge absorber after every previous guest filches is just too costly... The surge protector (protects the RV from voltage spikes and other electrical damage such as: low voltage, open ground, open neutral, reverse polarity and accidentally plugging into a 240 volt outlet ) alone is $50-$300 a unit times 35 (+ the other 35 future shore power power pole) for $3,500 plus replacements for the stolen units. That seller found a sucker for sure.
@@CodieSanchezCT awesome thank you! Could you possibly do a video on how to properly approach somebody asking them to invest in a business with you if you don't have any money to bring to the deal..and how to break down how everybody gets paid back in that situation
@@rileyhiggins4753 good point I travel a good deal to ride mountain bikes in the south east. I usually look for camp grounds which usually have a mix of tents and RV/Campers. RV Resorts typically have no trees, and lots are crammed on top of each other.
What ever you decide sanchez. Ready to move on with the RV mobile deal. We need to start that business. A tone of my gentlemen wait on my last decision. I'll bring on table. Let's start it now in this summer 2021. For me. Mine start july 21, 2021. I don't know who's the boss yet. But, I'm waitinggggggg For a good, sweet. Sensual. Hot boss to start my first deal!!!👂🤝♥️
I can launch a product on Amazon for 20k and it will give me back 69.7k a year coc. After cogs and management. But I'd rather have the deed to thst land.
Great video! What do you pay your editor to create them? Looking to hire at at least that level of quality per edit. Maybe the actual editor will answer this. lol
As always the numbers look very inflated. Here are a better numbers:
- 47k down + $1750 on mortgage per month (considering 4.1% interest rate - good luck with that) + Business Insurance (around 1k a month) + permits + 3600 per month for the manager (I still believe you will need a full time employee. How do you avoid people just using the property without paying or any issues (like leaks etc?) do you trust the clients? Also 10k per year on maintenance (which can be much more in case of leaks or extra unplanned work on pavement, etc). So all in all the cost per year should be around should be around 85k per year minimum + the 47k down.
- Considering you are charging 450 per month (not sure you can get all 35 rented all the sabe time always, so I would consider a 80% occupancy rate), so lease call it 28 units occupied. This will Gross around 150k, which will NET around 65k per year. Not bad, but take taxes, self employment taxes, etc, and you end up with around 50k per year. Not bad, but not even close to the numbers she is representing. It should pay for itself on 1 year and cash flow after. But as any business there are risks. You need to work to gte it busy, deal with unhappy clients, lawsuits, lawyers, accountants, etc...
Very realistic outcome.
Agreed…. But there’s more.. Electricity - unless this park only does monthly sites (where electricity is paid by the rv owner) there is a cost for the electricity each RV is consuming and RVs are not the most energy efficient homes. Next, water, 35 campers using water, that’s a lot of water, even though you would consider them low usage. That’s several hundred dollars a month. Trash for 35 homes? That’s going to be a couple of dumpsters a month or several hundred dollars. I would expect unless this is a giant gravel pit in the middle of nowhere, these rv residents would like the lawn to be maintained, that’s going to cost hundreds and hundreds of dollars a month. That person who gets paid $1.73.hr (3600/yr) is not likely to mow the grass.. I bet these residents would be expecting internet via wifi. That’s not free. Sewer usage for 35 homes isn’t exactly free either. The list goes on and on. With larger rv parks, most owners net about 50-100K/yr in profit. I’m not sure how this magical rv park is able to be such a gold strike compared to the rest of the owners…
@@ScottBalkum exactly. And even at a 50k profit, one unplanned event can consume all of it (if any). From all her businesses I am sure the one that she makes all the money is TH-cam and all the courses she probably sells. As always ....
And why $450/mo? Isn't that cheap in today's market space for these parks?
Confident, knowledgeable and sassy!! Powerful combo!! Just subscribed!!
The RV park industry in SOOOO much more complex than what is being described here! Also, are we talking about mobile home parks or an RV Park ? The RV park industry is a lot like running a hotel. If it's an RV park, is there a franchise fee? Anyway. This is a complex business. Just saying, and Yes Codie, good comment on the need for good management. Good management is the difference between an RV Park where derelicts cook meth and a place for nice people to live.
Right! And I Can’t imagine you can get a “good” manager for $3600 a year.
Amazing video! If you don't find a means of multiplying your money, you will wake up one day to realise that the money you thought you have has finished. Investment is key..
I strongly agree with you mate. Investment is the key to sustaining our financial longevity, and not just any investment but an investment with guaranteed return.
To earn more you are required to have a multiple diversified stream of income, which is why investment is an avenue of making more money once it's profitable.
Crypto currency is one strong means people are raising their financial status now, so when you think investment I recommend you make it an option.
Crypto investment requires good experience and knowledge to carry out good and successful trade. because I have actually lost a lot trying to trade all by myself.
It's professionally recommended to trade your coins with experience brokers, who can help grow your coins while assisting you learn the trade.
Where can I hire a property manager for $3600/yr for an rv park? 😂
Plus a free home
Great video and definitely an impressive deal, but to be clear - its not really "cash-flowing" $15k a month if he took a loan on the acquisition that's the total revenue. Most re investors would consider cash flow to be after debt service and expenses. Still a great buy but I think its important to highlight the debt service to get the complete picture.
Hey Max - do you invest in businesses?
Plus property taxes
Yep.
Actual cash flow would kill the click bait title. So just exaggerate for views… trash channel.
Great point we didn’t include debt service in this one and should have. To be fair the property is now doing more like 20-30k a month post a 4.5% debt service.
Before you invest in an RV park, check on County, City regulations on length of stay allowed. L.A. County Ca. limits stay to 90 days in a 6 month period.
Stupid rules….I like liberty
love your videos codie. i'm 60 years old, trying to find my second act. could you give us some ideas on getting a marina? it's an idea that has been gnawing at me for quite some time. hell - 3/4ths of the earth is water!
There’s a lot of things missing. What are the net operating expenses? Debt service? Taxes? There are a lot of expenses being left out here which can be very misleading. Rv parks are great cash flowing assets if you can get a good off market deal but there is definitely more to it then a down payment and closing costs and then boom your cash flowing.
Great video Codie.
I like the pro's and cons listed.
Very helpful
so is this a trailer park where basically people are barely getting by? where increases in rent mean homelessness? if thatʻs the case, why is it so necessary to make 373% coc vs 200+ % coc without rent increases?
problem with this is quite simple... to qualify for a 400k loan you need to show the lendor or the bank that you have at least two years experience in the business or are bringing in at least 10k a month in revenue.... so ya.. read the fine print people
Ok Codie ! I just started following you yesterday and already loving your channel !
Makes my day!!
$350 a month lol. I have been looking cause I want to buy an RV for my travel work, I have been getting 30 day quotes of $1800 plus. Total price gpuging
Some people are not making the distinction and think this is a campground. This is a mobile home park so there are no restrictions on length of stay. Leases are signed here too. The issue also is that there are NOT many that actually are profitable or they are in areas where they will not be profitable....ever.
Interesting points. Why not convert RV parks into mobile home parks?
There’s always so much detail left out of these videos. Obviously there was a reason it wasn’t selling that should be pointed out. Assuming no vacancy is always weird. Sometimes a more in depth video would be way more beneficial
All of the slots are filled? 100% occupancy? I like your channel but maybe the numbers a bit off.
This sounds great but you're stating the income figures as if they're net but they're really gross. There's no mention of expenses like repairs, utilities, improvements, vacancy. I think his P&L would look very different than explained here. A property manager for $300 a month sounds doubtful, likely more like someone on site who handles odds & ends, but he's still managing things from afar (i.e. who does the bookings, interfaces with contractors/vendors/etc.). I'm researching rv parks & campgrounds, but management/operation time investment is making me skittish. Would be great to hear directly from him on these topics.
So 100% of the sites are rented for 100% of the year and 100% of people pay 100% of what they owe????? Sure.
Ain't no traveling nurses or windmill workers in the crowd staying there, I take it.
Retirees. Also yes, most ppl are adults and pay what they owe or get kicked
didnt include the cost of insurance, property taxes, water, electricity, or septic/setpic just to name a few
Pretty sweet. If he put 40 k into BTC he’d have no maintenance, no mortgage and it will (if history is any indication) 10x in about 4-5 years. Then he could either buy the park outright or borrow against his BTC holdings and buy a property or more BTC, which is considered property, it’s just digital property that doesn’t degrade, need maintenance, can be moved for almost free, and can be sold in seconds. Liquid property.
You are talking about RV part like it is the same as a trailer park. They are different investments.
You pay a property manager $3600/yr? So, their rv spot is free ($350/mo value) as part of their package. Their total compensation is $7800/yr for a 35 spot RV Park?! I dont know where you're finding these suckers but I'm looking for someone to work their ass off for that type of pay at my tiny home community.
There's an rv park a mile from my home on McClain lake in northern Wisconsin. They have 218 spots and charge $650 a month in rent. I wonder what their cash flow is? I do know that 70% of their spots are permanently full.
$400K for a 35 slot RV park? The park we are at here in Clearwater Florida (granted it’s a expensive location), but the park sold for 5 million and it’s being demolished to create condos. My point is, if the location is desirable at all, it won’t be less than a million+.
🎉🎉
Agreed, that’s why finding off-market deals is a key ability to landing big deals as an investor!
Maybe that's cuz Clearwater is owned by scientology😅
Here in Southern UT. RV resorts are full in the winter with Snowbirds. And a little less full in the summer months because of extreme heat. 109 tomorrow. Same with resorts in northern states, mostly empty in winter because of brutally cold winters but busier in the spring, summer and fall mos.
Wait, the property manage only makes$3,600?
That’s right around my area.
no way...a property manager here makes 3600 a year? is that livable or is it because they manage multiple properties?
love your vids and all but do you have a video on how you find these business that are being sold you talk about the math behind it and the mark but idk seen a vid about how you can find one being sell yet, love the vids again and keep it up
$3600 a year for Management? What are they NOT doing for just $3600 a year?
They get free rent in a dwelling on premise plus the $3500.00
I’m think she meant per month because at the end she said a few hundred-a few thousand per month depending on size butttt who knows
Free rent and electric and a paycheck. You guys are pretty clueless
@@RyanW3112your joking right? Free rent? Your hove 3500 a year you can’t even buy food with that
No living expenses and $300 per month for food. For a single person, it seems fine.🤷♂️
How does he have a property manager for $3600/year??
$3500 a yr for a prop manager? I think you meant per month. However, 3500 is still waaaay to low-even with room and board.
What property manager would work for $3.5k salary and $4k worth of free rent, per year?
Great info I am in the early stages of building a rv/campground now
how is that going? Any updates?
@@xxlnomadlxx yes we got approval to start a few weeks ago
The property manager makes $3600 a year or $36,000 a year? $3600 a year would be pretty criminal.
They also get free rent.
Oh wow is 13 Stripes the brewery that he is an owner? The one in Taylors I believe close to Greenville
Love your videos. Thanks for sharing the amazing content.
You are about to BLOW UP on youtube
Thanks friend!!
Damn got a bargain and still raised everyone's rent $100 a month. Guy sounds like a piece of work
I am about to build several different things including assisted living, RV park and a storage facility. Good video even if the numbers are a little wild lol.
Did you build the RV storage yet?
Huh so a property manager only costs $3600 a year?? Is that missing a 0?
@Wyatt Borden Yes it is, was just confused about that number.
So how this works is for rv parks you typically give them a free spot to live for the year. So they get free rent and utilities and that payout.
@@CodieSanchezCT makes sense. I'm just wondering how he found the manager - was she already there?
@@CodieSanchezCT Those are called park hosts. They are not property managers. Also, if they were getting rent and utilities for free, would there not be only 34 sites of this 35 site rv park contributing revenue? You counted their rent as revenue.
Take care of your plants.
He bought the park already filled though correct?
WOW impressive video, love the energy & the information
These numbers seem way off. First it is assuming that all 35 spots will be full every month for a year and that is very unlikely. Second you said the property manager was 3600 a year. That can't be right even if he is living onsite. That is 75.00 a week.
why the previous owner unload it if its profitable
I love your content Codie, I am a recent subscriber and aspire to be just like you when I grow up!
How many acres was the RV park? What’s a nice size to start with?
5 achers inverness fl WORKING IN IT. THANKS FOR THE ENCOURAGEMENT..!
ty! AFTER reading some of the moronic comments on here , I understand why there are so many sore losers, working sheep, you cant do thatttt...thank for showing me that my ideas are good, valid just get off my ass at 65 and do it. Start small go big! the hell with some here!
Why rent an rv park when I can park at the park in california.
If I buy land for the trailer parks how or where do I get the water, plumming and electricity from? :)
Who knows 💀
Super helpful intro to this market.
Get it guuuuuurl!!! Keep up the good work!!
I did know know most rv parks undercharge, interesting stuff to know. Thanks for sharing this story!
well 350 a night is crazy expensive for a typical rv space nightly..... so yeah the numbers are massaged as she stated!
Don't forget about property taxes and insurance
RV Parks are way more complex than this breakdown. I'm in South Carolina and RV Parks are selling for ridiculous multiples.Just looked at one making $300,000 in revenue selling for $2.3M.
Charging your rv? You mean powering? Also…you’re assuming 100% occupancy. Which is impossible year round.
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $960,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more
@@kendrickshaw8852 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.
@Doukas Amal Hello Do you trade on your own?
@Doukas Amal That's impressive. Are you giving her your money or the money stays in your trading account? What's really the idea behind copying trades.
@Doukas Amal Is her service available outside of the US? As her broker is registered in the US.
Hi
Thank you for your great info
Can you makes more videos on how to invest with small budgets to help more and more people to move on to get there goals 🙏
Yes!
Codie, in this example is he just taking lot rent? Or are they park owned trailers? Keep the real estate content coming. Loving it!
Just taking rent. Not lot owned.
Not only is the content gold but-the editing is fire!🔥
I owned and operated an RV park for many years. These numbers make no sense. You're missing most of the expenses. No debt service. Someone to manage the park for $3600 is crazy. And your Cash on Cash return number seems to just be made up because you certainly didn't show the numbers.
I love all the haters in the comments that don’t know who Codie is 😂😂😂
Have you ever dealt with resentment from employees who watch your videos about escaping the 9-5?
How do you balance your personal brand (leverage other peoples labor to get rich) with keeping employees happy working for you?
This is very common. They can leave
I don't think you'll ever hear me say "escape the 9-5" instead it's do what you love with who you want. I treat my employees like partners, they do deals, add clients, do other stuff but stay with me because that love what we do. It's a fine line.
Super question Sid
NEVER and I repeat NEVER let the employees know where you live and don't drive high dollar cars to work and be that show off.
I have to admit....I'm guilty of doing just that and the thing is.....the employees only see the results of your investment. I had 2 childcare centers and a bunch of rentals, bought the nice house, Hummer H2, z06, Cadillac XLR, Silverado truck, had the nice watches. The employees become resentful and that was even after I gave everyone 500.00 Christmas bonuses and on random days I would single out an employee and tell them to leave my building only to hand them a steakhouse dinner gift card that covered their whole familys meal for the evening. I even bought things for their kids if they were active in certain activities. In the end I was the rich guy that didn't do shit but make myself money......never got that one. Now I never let on that I am the owner of the business.
RV park incomes are, at minimum %40-50% expense. You haven’t even mentioned electric
How many businesses do you have? I was just curious. I found this channel from your laundromat business. I have family in TX that owned a laundromat business for years Crow brothers laundry in Waco Tx. It’s a service people always need. Laundry doesn’t go away because of a recession or pandemic.
Eventually it will go down .. might not completely disappear.. more and more people have washer and dryers in their homes .. even some small apartments and condos have small washer and dryers inside .. sometimes the apartment complex provides a laundry room .. anyways it’s a good business .. my friend owns one
@@MalluStyleMultiMedia stop being a dooms-dayer. You’ll live a better life that way, trust me
@@TonyWTFscream not being a di*khead but that’s the truth.. I got few small businesses like rental properties but it’s not always rainbows and unicorns 😂 .. $hit happens .. but as long as you’re ready to face the challenges, it’s all good. In the case of laundromat, eventually innovation is needed .. for creative people, it won’t be a problem
@@TonyWTFscream even during covid, people were so scared to use the same washer that others have used. I know many that bought small washers for their units .. but like I said I got a friend who’s still doing good with the laundromat business
@@MalluStyleMultiMedia covid has passed my friend. I don't think it's anywhere near as bleak as you paint it to be. Where there's money to be made, there will be someone to receive it and that'll be me, so the other obstacles don't mean much to me.
not an RV park but just a trailer park huge difference!
Your talking about a mobile home park, NOT an RV park.
Fun fictional content that is nowhere near reality. Nobody would buy that property because they had the common sense to know the property tax, liability insurance, fire insurance, flood insurance, tornado insurance, and a law firm retainer for all the grifters intensionally burning down their rigs through shorting out the incoming shore power cord that Kenworth failed to replace the surge absorber after every previous guest filches is just too costly... The surge protector (protects the RV from voltage spikes and other electrical damage such as: low voltage, open ground, open neutral, reverse polarity and accidentally plugging into a 240 volt outlet ) alone is $50-$300 a unit times 35 (+ the other 35 future shore power power pole) for $3,500 plus replacements for the stolen units.
That seller found a sucker for sure.
Could you do more videos like this with other businesses..this was 👍
Totally we have 7 like this new one coming out every week. Spread the word and we can do more
@@CodieSanchezCT awesome thank you! Could you possibly do a video on how to properly approach somebody asking them to invest in a business with you if you don't have any money to bring to the deal..and how to break down how everybody gets paid back in that situation
@@CodieSanchezCT perfect
RV park incomes are, at minimum %40-50% expense. You haven’t even mentioned electricity. Those profit numbers are BS
BRB gonna go buy an RV park
Why do you assume 100% occupancy?
How different are "RV" parks verse "Camp grounds"
Terms are synonymous. However “camp ground” is generally reserved for vacation destinations rather than some random park along the interstate
@@rileyhiggins4753 good point I travel a good deal to ride mountain bikes in the south east. I usually look for camp grounds which usually have a mix of tents and RV/Campers. RV Resorts typically have no trees, and lots are crammed on top of each other.
thank you for the information very helpful 👍👍
Why was the park for sale in the first place?
Is the fuel price increase affecting these figures currently? (A decrease in RV travelers due to inflating fuel cost.)
People being pushed into rvs. Ie poverty, is a huge growth market
$3600 a year property manager? Really? That’s criminal!
What ever you decide sanchez. Ready to move on with the RV mobile deal. We need to start that business. A tone of my gentlemen wait on my last decision. I'll bring on table. Let's start it now in this summer 2021. For me. Mine start july 21, 2021. I don't know who's the boss yet. But, I'm waitinggggggg For a good, sweet. Sensual. Hot boss to start my first deal!!!👂🤝♥️
I can launch a product on Amazon for 20k and it will give me back 69.7k a year coc.
After cogs and management.
But I'd rather have the deed to thst land.
Nice work.
I'm gonna do it, hold my beer....
You didn’t include utilities at all????
$350 a month is very cheap. we don't even have sewage or water to all and charge $25 per day for members only
amazing where is yours located?
@@CodieSanchezCT arlington tx
That's bs
@@durakis you done messed up, coti and her buds are now going g to be your new landlords. Lol
Who has access to land purchasing loan options?
Nice getting your moneys worth back in just 2 years 👍
Build a mini mart in the RV park
Holy smoke, ridiculous cap rate for sure. Here I am up in Vancouver Canada, looking at on average 3.5% cap rates and if I'm lucky maybe a 5 cap. Lol
Wow that's so low. I'm down in Houston and the average CAP I look for for an investment is at minimum 7%
What does the operator do? Only getting $300/m
I have 7 acres of land but idk what to do with it ?
tHanks for the fun video,.
Great video! What do you pay your editor to create them? Looking to hire at at least that level of quality per edit. Maybe the actual editor will answer this. lol
So if this was profitable, why was it sold for that little?
Now if it’s doing so well why would someone sell it in the first place…
Does someone come and clean you place every day, a hotel is 60 to 100$ a day, so he is ripping people off bigtime
Ready to take a conventional loan for the park together!
Love this, someday soon I will own one!
Hell ya
You are my new fav sprit animal.