EP 242: Single Mom of 3 Builds a $30M RV Park Portfolio with Heather Blankenship
Feb 11, 2022In this episode, Liz and Andresa tackle a different asset class than usual, RV Parks! There's no better person to give us valuable insights than the queen of RV investing herself, Heather Blankenship.
With over 11 years of experience in the industry, Heather has supported nearly $300M in transactions and has over $30M in real estate assets with no partners. She currently manages more than 30 workers and has scaled her business while raising 3 kids as a single mom!
She currently serves as a board member for the National Association of RV Parks and Campgrounds (ARVC). She's also President of the Tennessee Association of RV Parks and Campgrounds.
Whether you're in single-family, multifamily, or thinking of going into RV Parks, this episode is for you. Heather will be giving some unique perspectives and strategies from her niche that can help you dominate your market!
Dive in, and let's learn a bit more about how a single mom of 3 built a $30M RV Park portfolio!
Quotes
• "I had to go figure out how to pull a bankrupt property out of something and figure out how to make it profitable, and it all kind of started there.” (7:25 - 7:33)
• "If you've learned about multifamily already, or you're familiar with multifamily, [RV Park Investing] is pretty simple. The art is learning what should and shouldn't be in a profit and loss statement.” (14:43 - 15:03)
• "If you're so focused on working IN your business, you can't work ON your business. Because I had bought something I didn't know anything about, I had to work in it to actually learn how to manage people and operate the property.” (19:03 - 19:17)
• "I think being able to hire somebody versus trusting people are two very different things. As you grow, you won't have a choice but to hire people; otherwise, you can't grow.” (23:52 - 24:01)
• "You can either have control, or you can have growth. So you've got to decide which you want.” (26:37 - 26:41)
• "We come up with all the reasons we couldn't have done it… You literally just make it work. You can come up with all the reasons why you can't, or if you jump in and start doing it, you'd have no choice. You just keep going!” (28:24 - 28:33)
Connect with Heather :
Website: https://www.heatherblankenship.com/
Resources Mentioned:
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