Did you ever consider that investing in RV parks could be a lucrative way to diversify your real estate portfolio? Don Spafford, an expert in vacation properties, reveals how he discovered the cash flow potential in the outdoor hospitality industry and shares his journey from a background in finance to navigating the ever-growing world of RV park investing.
In our conversation with Don, we dive into the multiple income streams that can be generated within the RV park sector – from camp store sales and golf cart rentals, to aqua parks and pizza machines. Don shares his experience investing in a campground near Yellowstone Park and how prioritizing location, optimizing cash flow, and understanding the differences between developing a new RV park versus buying a pre-existing one can make all the difference.
So, if you ever thought about dipping your toes into the world of RV park and campground investing, this episode is a must-listen. Don’s expertise and valuable insights will guide you through the process, helping you make informed decisions in this profitable sector of real estate investing. Don’t miss out on this exciting opportunity to learn from an expert in the field!
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About Don Spafford
Don has worked in a variety of industries and possesses extensive management experience. His current role in the Financial Industry has complemented the knowledge he acquired through his education and degrees in Finance, Banking, Portfolio Management, and Accounting.
Moreover, he harbors a strong interest in real estate investing, encompassing both residential and commercial properties. He also engages in property management, currently owning three 4-plexes—one managed in Idaho and two in Arkansas. Additionally, he is currently involved in the development of a new NNN commercial property and is actively seeking capital partners to pursue similar opportunities. Collaborating with other partners, he participates in multi-family syndications, focusing on large value-add acquisitions.
His areas of expertise include problem-solving, analyzing rental properties for optimal returns, proficiency in Excel, and fluency in Spanish. He takes pleasure in engaging in conversations with fellow investors.
His wife, affiliated with Keller Williams as a Realtor, holds experience in working with real estate investors. Her clientele predominantly comprises out-of-state investors. They are more than willing to assist individuals in buying, selling, or investing in real estate. The couple finds gratification in helping others achieve their financial aspirations through real estate.
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