{"id":2935,"date":"2019-04-22T02:03:48","date_gmt":"2019-04-22T06:03:48","guid":{"rendered":"https:\/\/ckms.ca\/?p=2935"},"modified":"2019-05-02T01:07:27","modified_gmt":"2019-05-02T05:07:27","slug":"buy-class-c-rv-rent-out-pay-for-itself","status":"publish","type":"post","link":"https:\/\/blog.ckms.ca\/?p=2935","title":{"rendered":"Buy Class C RV, rent out, pay for itself?"},"content":{"rendered":"

Buy a Class C RV with $100K loan; 10y @ 6% would be ~$1102\/month.<\/p>\n

Could rent out for April 1 to Oct. 31, (30 weeks, less 2 for us, so 28 weeks) @ $250\/week = $7000 (see Note 1 for a first look)<\/p>\n

Need $1102\/month for loan = $13.2K\/year; so need to come up with: 13.2 – 7 = $6.2K = $517\/month<\/p>\n

So this ain’t a “have other people pay for your toys” affair.\u00a0 And shouldn’t do unless can handle the whole amount, if for somehow the rental thing doesn’t work.<\/p>\n

Notes\/to-do:<\/p>\n

    \n
  1. See here for renting out an RV: Revy<\/a>; this guy is asking for $250\/week; it would be necessary to know if he gets this 28+ weeks a year.<\/li>\n
  2. Much of this makes more sense for a good used RV, maybe $20K invested to get it “good” so it’s not a problem renting<\/li>\n
  3. Need to factor in insurance!<\/li>\n
  4. Example RV: 24’=Jayco-2017-EX-RENTAL-100K$<\/a><\/li>\n
  5. This reminds me much similar to something Jason Hudson heard about (go scammed into?) re: buying a sailboat in Florida, rent via 3rd party, reserve some weeks for self while still working, own it when retired.\u00a0 I think I dismissed that scheme back when I heard about it, but then, maybe possible here?<\/li>\n<\/ol>\n

     <\/p>\n

    Rental sites:<\/p>\n

    rvezy.com<\/p>\n

      \n
    • Canadian (only?)<\/li>\n
    • reasonably easy to understand insurance coverage<\/li>\n
    • !!! motorhomes limited to Ontario, Quebec, Alberta !!!<\/li>\n<\/ul>\n

      rvshare.com<\/p>\n

        \n
      • better site (has map view, has availability calendar for each rental.<\/li>\n
      • but US only?<\/li>\n<\/ul>\n

        https:\/\/ca.outdoorsy.com\/<\/p>\n

          \n
        • Canadian<\/li>\n
        • !!! motorhomes limited to Ontario, Quebec, Alberta !!!<\/li>\n
        • some shenanigans going on in their FAQs.<\/li>\n
        • \u00a0 \u00a0 links to .pdf files missing<\/li>\n
        • \u00a0 \u00a0 lotsa bad formatting, misspellings.<\/li>\n
        • \u00a0 \u00a0 looks like a dead site?<\/li>\n
        • <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

          Buy a Class C RV with $100K loan; 10y @ 6% would…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[96],"class_list":["post-2935","post","type-post","status-publish","format-standard","hentry","tag-projects"],"_links":{"self":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts\/2935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2935"}],"version-history":[{"count":0,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts\/2935\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}