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Campground investing isn’t a property type that rookie investors usually get into. But, according to Heather Blankenship, it’s good that she didn’t know what she didn’t know.
Heather was on a road trip from Florida to California, stopping at RV parks and campsites in between driving. She saw how busy these parks were and thought it would be interesting to own one. On her way back to the east coast, she ended up buying a campground in Tennessee for over three million dollars. She had no experience, no team, and no money. Now, that campground is worth over thirteen million dollars!
Although Heather was just 26 at the time, she was able to quickly adapt to the learning curve that the campground presented her. She grew her knowledge and skill set and now oversees around thirty million dollars in RV parks and campgrounds.
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Join the Real Estate Rookie Facebook Group:
groups/realestaterookie
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Visit Heather’s Website:
www.heatherblankenship.com/
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Follow Heather on Instagram:
heatherblankenshipx3 or @heatherblankenshipx3
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Campspot Park Management Software:
software.campspot.com/
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Get Tickets to BPCon 2021:
www.bpcon2021.com/
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Register for Real Estate Rookie Bootcamp:
get.biggerpockets.com/new-rookie-bootcamp-signup/?
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Follow Ashley and Tony on Instagram:
@wealthfromrentals or wealthfromrentals
@tonyjrobinson or tonyjrobinson
Episode 102
Show notes at: www.biggerpockets.com/rookie102
0:00 Intro
2:28 Impulse Buying a Campground
4:07 The Best First Deal Probably Ever
8:16 Real Estate IS a Business
12:02 Operating a Park as a 26 Year Old
16:17 What to Know Before You Buy an RV Park
28:21 Scaling to $30M in Properties
35:00 Financing These Big Deals
39:50 Tools, Software, and Systems
42:44 Mindset Segment
43:33 Random Questions