Now, it’s not all bad. His innate curiosity has been the catalyst for the majority of his most positive life experiences and without question the most lucrative investment decisions.
Most recently the decision to know and understand the recreational real estate sector, and specifically the meteoric growth being realized in luxury RV and Glamping Campgrounds. The idea that someone would spend north of half a million dollars on an Entegra or Newmar motorcoach to $3 million in the case of some Newell and Prevost coaches to park and sleep in a campground, frankly baffled the mind. that was until the COVID-19 pandemic hit and the family purchased theirs; to continue to travel for work and enjoy recreation time without unnecessary contact during active social distancing protocol enforcements. They say necessity makes us do what we never considered before. This was true in that case and it has led to some of the best experiences. So much so that it is the initiative behind the investigation, the results of which are being shared here with you in the following content.
Pinckney is often asked why and how he chooses to pull the trigger on one investment opportunity and elect to pass on another.
“In most cases, I’m unable to offer a simple or uncomplicated answer. I think my best answer would be that my investment in learning never stops,” he said. “I have always been naturally curious about almost everything that I have encountered in life. It turns out you see, that apparently I’m a bit of a nerd. “Why? has always been the most challenging word in my vocabulary. I’d also have to say one of the most expensive ones as well.”
An in-depth Investigation into the recreation real estate market sector began with the purchase of a luxury 45-foot “Diesel Pusher” (DP), Class A Motorcoach in 2020. The introduction to this medium of travel opened the door to several industry-related personal experiences and relevant education, some good and not-so-good alike. We found that when booking stays at some locations our size and electrical demand presented restrictions on where we could stay. Some facilities only had 30 Amp electric service, some only a few spots available with 50 Amp or the physical space we required. Some places we went to had the support resources but had not upgraded their road infrastructure and in some cases silly things like tree trimming had not been matched to the size of the equipment entering the park, resulting in hanging branches that threatened roof strikes. These and a myriad of other influences and functional nuances all contributed to the quality of the overall experience.
This is where attitude substantively plays into the equation. Generally being a blue-sky, glass-half-full sort of guy, has made the family experience RVing a source of regularly found new opportunities. Each experience has presented us with a number of unique and promising opportunities for us to potentially exploit as an investor, the RV, and Glamping Park sector is backed by a broad number of strong market trends as well as very compelling financial and tax advantages.
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