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Investor touts RV parks as low-maintenance passive income source
He says existing RV parks can generate $30,000 to $40,000 per month each after expenses, including loan repayments, and often have a manager living onsite.
Real estate investor Pace Morby, known for real estate content and an A&E house flipping show, highlighted RV parks as a “lazy” source of passive income on the Iced Coffee Hour podcast, according to Yahoo Finance. He argued RV parks require far less day-to-day management than maintaining an apartment portfolio, citing that the onsite setup and gravel-heavy operations reduce what needs fixing.
Morby said RV park ownership can bring in $30,000 to $40,000 each month even after expenses, including loan repayments, with minimal oversight. Yahoo Finance also notes he said this level of income is higher than what he makes from other property-related holdings such as car washes, venues, and rentals.
The interview pointed to challenges as well, particularly the upfront cost of acquiring land, which typically runs $3 million to $7 million. Morby described using seller financing to address the price hurdle, with the seller effectively acting like a lender while being repaid over time rather than relying on banks or real estate agents.
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