184. An Affordable Place to Go for Weekend Vacation Exists with Matt Whitermore
- 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.
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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
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[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
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[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 summersÂ
- Affordable, relaxing, and sustainable vacationÂ
- An easy lift for a big sizeÂ
- More profitÂ
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[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
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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
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“Your typical RV customer is usually there every weekend and maybe one week during the summer.” – Matt Whitermore
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“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
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“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
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Connect to Matt:
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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
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WANT TO LEARN MORE?
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Connect with me through LinkedIn
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Or send me an email sujata@luxe-cap.com
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Visit my website www.luxe-cap.com or my YouTube channel
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