Get Creative with Pace Morby
Get Creative with Pace Morby
Pace Morby
RV Park Revolution: From Single Family to Millions with Patrick & Mychele Bisson
34 minutes Posted May 3, 2024 at 3:13 pm.
Introduction to Patrick & Mychele Bisson
Transition to RV Park Investment
Between Storage Units and Mobile Home Parks
Exploring the Potential of a Mismanaged RV Park
Negotiating the Purchase Price and Terms
Finalizing the Deal with Creative Financing
Operating Agreement Challenges During Holidays
Immediate Financial Benefits Post-Acquisition
Additional Revenue Streams and Upgrades
Advice for New Investors in the RV Park Space
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Show notes
Welcome to a new episode of Get Creative. In this episode, we dive into the dynamic world of RV park investments with Patrick and Mychele Bisson. The Bissons share their journey from conventional real estate to mastering the RV park market, leveraging creative financing to transform underperforming parks into profitable ventures. Discover how they navigated their first major projects, applying lessons from the SubTo community and innovative strategies to scale quickly and effectively.
 
Highlights:
"We went from the underwriting then to then to talking to the realtor and really using all the terms that you know we started."
 
"It gets better. I want to hear more I'll shut up. Right. So remember the seller wants what it wants $3 million."
 
"You gotta jump. Yeah I think that is the biggest thing is just jumping in. And even if you're afraid I think sometimes you get just analysis paralysis."
 
Timestamps:
 
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