RV Park Underwriting, Multiple Revenue Streams and Deal Analysis ft. Heather Blankenship

Amanda Cruise interviews Heather Blankenship, who shares how she built a diversified portfolio across RV parks, mobile home parks, and multifamily over 15 years, starting as an owner-operator before scaling with a team. She explains why RV parks offer strong cash flow but require heavy operations, leading her to add more stable assets to balance her portfolio.

Heather breaks down how RV parks have remained stable post-COVID due to drive-to demand and supply constraints, while also explaining the complexity of underwriting assets with multiple revenue streams and higher operational costs. She highlights the importance of aligning your investment strategy with your goals, whether that’s cash flow, tax benefits, or long-term stability.

She also walks through a hybrid RV and mobile home park acquisition, where she increased occupancy through workforce housing demand and repositioned the asset for stronger performance. Her key takeaway is that one RV park can still be life-changing, but only if the asset type matches your desired level of involvement and long-term vision.

Heather Blankenship
Current role: RV Park Investor
Based in: Florida Panhandle & Tennessee
Say hi to them at:

Instagram: @heatherblankenshipX3

website: www.heatherblankenship.com

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Podcast production done by⁠ ⁠Outlier Audio⁠

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