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March 7th, 2022

184. An Affordable Place to Go for Weekend Vacation Exists with Matt Whitermore

  1. 184. An Affordable Place to Go for Weekend Vacation Exists with Matt Whitermore Sujata Shyam 25:56

Matt has a diverse background in various roles throughout the Real Estate investment and Finance industries. He began his professional career with a Boston-area real Estate investment, property management, and brokerage firm in 2012. In 2016, Matt transitioned his career to debt and equity placement and in 2020 began Investing in commercial real estate himself. From real estate acquisitions and dispositions to placement of debt and equity on all types of investment real estate, Matt has contributed to hundreds of real estate transactions totaling well over $1 billion in transaction volume.

 

Let’s dive into his story!

[00:01 – 07:05] Opening Segment

  • Matt has been in Real Estate for so long
    • wide range of Real Estate experience
  • The transition to RV parks and campgrounds
  • What qualifies as high cash flow investors
    • The interesting asset classes involved
    • Why high cash flow

 

[07:06 – 14:42] A deep dive into the RV Parks and Campgrounds space

  • What is so attractive about the space
  • How you can employ creativity in this space
  • Property Management in an RV Park
    • Matt shares about their amazing property manager

 

[14:43 – 20:44] More into RV parks and campgrounds

  • Is Matt interested in different types of campgrounds
  • Understanding the market
    • The demographics
  • An affordable vacation for friends and family during weekends
    • Or during summers 
  • Affordable, relaxing, and sustainable vacation 
  • An easy lift for a big size 
    • More profit 

 

[20:45 – 25:55] Closing Segment

  • Is Matt now looking at an Exit plan
  • Final Words
  • Connect with my guest, Matt, in the links below

 

Tweetable Quotes

“What got me interested and excited is the level of creativity that you can bring to an RV park investment, which I think is a lot harder to bring into an apartment building. There isn’t much freedom to the latter. There isn’t much space for creativity that keeps the space interesting.” – Matt Whitermore

 

“Your typical RV customer is usually there every weekend and maybe one week during the summer.” – Matt Whitermore

 

“It’s an interesting kind of dynamic compared to the way we invest in apartments, because even if the Economy takes a dive, a seasonal campground is still by far the most affordable way to have a vacation.” – Matt Whitermore

 

“When thinking about being an owner and then trying to figure out who to hire, I think that it’s so important to know who you can put on the ground to make things work.” – Suja Shyam

————————————————————————

 

Connect to Matt:

 

Learn more about their firm that seeks to assist investors in achieving success at www.newscotlandcapital.com

Follow and subscribe to their socials: Instagram and LinkedIn

 

WANT TO LEARN MORE?

 

Connect with me through LinkedIn

 

Or send me an email sujata@luxe-cap.com

 

Visit my website www.luxe-cap.com or my YouTube channel

 

Thanks for tuning in!  

 

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Sujata Shyam Passive Income Expert

Suja Shyam is a real estate investor, underwriter, Short-Term rental operator, and Fund Manager. Since founding Luxe, her primary focus has always been helping others achieve their financial & life goals.

Suja’s desire to help people started at a young age and continued through the years as she graduated from Northwestern University, and the Carnegie Mellon Tepper School of Business.

After using her student loans to flip her first house during her MBA, she spent 4 years underwriting multifamily acquisitions for institutional buyers.

​

By way of bootstrapping her Short-Term Rental Business, and getting her hands dirty, Suja replaced her corporate income at the age of 33.

As a Managing Partner of Luxe Capital, Suja is responsible for acquisitions, fund management, and investor relations.

Integrity, exceptional communication, and delivering results to investors are at the core of every decision she makes.

When Suja isn't touring properties, or underwriting deals, you can find her rollerskating with her friends or exploring an unknown corner of the world.

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