Debt Free Dr

To help other dentists obtain financial independence within 5-7 years by investing in passive real estate investments.

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DebtFreeDr

Have you ever wondered where to put your money as prices of everything continue to skyrocket? If your money is sitting on the sidelines, withering away in a savings account, owning solid, cash-flowing assets is a good idea. But with so many choices, how do you know what's best? 

If this is something that you're currently struggling with, then this article is for you.

And if you'd rather NOT read and watch the video instead, here you go:

My Investment Journey

I used to invest like most other dentists: stick money in a retirement account and hope and pray the stock market goes up to the point that someday I could retire. Does it sound familiar to you? But now I've made a switch, especially after a wrist injury while snow skiing caused me to rethink my retirement strategy.

Changing Strategies

My goal is to replace our personal expenses now instead of when I'm 70 years old. This way, we can free up our time to enjoy life now while we're still young and healthy, as we never know what the future holds, right?

The Uncertainty of Wall Street

Another reason I've switched strategies is that you never know what some of these companies on Wall Street will do. For instance, look at what's happening to Bud Light, Target, and Disney. Imagine if you had a good chunk of your retirement money in stocks and mutual funds that had invested in these companies. What would you do then? 

It seems the people running them care more about politics than making a profit for you and me, the shareholders, right? Investing your money in the market takes away all the control you have, as really, there's nobody who cares more about your money than you.

Embracing Real Estate Syndications

My strategy has changed from investing in only index funds to something I have more control over: real estate, specifically real estate syndications. 

Currently, I'm diversified into short-term rentals, apartments, hotels, self-storage, mobile home parks, and one asset class that's currently red hot: RV parks. That's right, RV parks.

Why RV Parks?

Now, I get that RV parks may not be the first thing that pops into your mind when thinking about investing, but that's the beauty of it. So, here are three reasons you should consider investing in RV parks:

1. Exploding Demand

Since 2001, RV ownership has soared by over 60%, and 2022 set a record with the most new RVs ever sold. Over 90 million households in North America own a camper, and another 10 million are expected to join the RV lifestyle in the next five years. RV wholesale shipments are expected to reach over 400,000 units by the end of 2023.

2. Limited Supply

High demand, limited supply. Currently, there are only about 13,000 RV parks in the U.S., meaning there are many more RV owners than there are parks for them to stay in. Therein lies the big opportunity. 

Here are some statistics: the RV park industry is generating over $5 billion in revenue annually and is projected to grow at a compound annual growth rate of about 5% by 2027. Over 1 million U.S. households live full-time in RVs and, on average, spend 29 days per year camping at an RV park or campground. 61% of RV owners have pets, which makes 52% of all campsites pet-friendly. 

Here's another interesting fact: over 90% of RV parks are family-owned mom-and-pop businesses. Imagine you had this giant pizza, almost 95% of which was owned by these small mom-and-pop owners, leaving a huge opportunity for you to grab a slice before the big corporations come in and eat up the rest.

3. High Cash Flow

High demand, low supply, high cash flow. Investors are starting to realize how good the cash flow is within this asset class. There's a lot more to think about. When you own or invest in an RV park, there are many ways to make more money than just from the park itself. 

For example, you could sell more items in a camp store, like camping gear, food, drinks, or even branded merchandise. You could rent out equipment such as golf carts, bikes, or paddleboards. Another way to increase your profits is called dynamic pricing, where you adjust the rate based on how busy the park is, so you can charge more during peak times like holidays or weekends. You could even charge more for the most sought-after spots, like those with a lake view or those close to amenities.

Example of Potential Earnings

Let me give you an example to illustrate the potential earnings from owning an RV park. 

Imagine you bought an RV park with 100 spots, and you charge $30 per space per night. If 70% of your spaces are filled on average, that equals $2,100 per night or roughly $63,000 per month. Not bad, right? And that's not even counting the extra money you could make from selling things in the store or renting out golf carts, etc. Plus, if you charge an extra $10 during busy times and half of your spaces are filled, that's an extra $15,000 a month on top of the $63,000.

This example shows you how you can make a lot of money from RV parks. Whether you're new to investing or you already know a lot, I definitely suggest considering RV parks.

Join the Passive Investor Circle

And here's the best news of all: if you're busy like me and don't have time, nor do you want to run an RV park yourself, I've got good news. I've started a group that invests in syndications—group investments in things like, you guessed it, RV parks. The group is called the Passive Investor Circle. 

If you're currently a busy dentist, want to make money now to replace your expenses, are an accredited investor, and want to learn more about how the process works, click the link below.