Seth Choate spent years running a residential real estate team doing about $25 million in volume, plus a fix and flip operation closing 80 to 100 off-market deals a year. Then he started selling the rentals off to buy RV parks.
Today he owns five RV parks – about 250 units – under Glowfly RV Resorts, still runs Tennessee Cash Offers on the housing side, and uses seller-financed notes as a long-term cash flow lever.
In this interview he explains what actually caused the pivot: watching another Boardroom member go from fix and flip into self storage, and realizing he could think outside the box too. He talks about calling Eddie Speed to learn seller finance from scratch, getting coached through a planning commission meeting for an RV park development, and the thing he finds most surprising about the room – members who will hand you their slide decks and their P&Ls and show you exactly where they lost money.
CHAPTERS
0:00 Two businesses: RV resorts and Tennessee Cash Offers
0:20 $25M in volume and 100 off-market deals a year
0:30 Six RV parks, 250 units, one asset class switch
0:49 Selling 43 rentals to fund the parks
1:00 Seller finance notes as the cash flow lever
1:18 What Boardroom actually changed
1:35 Why you have to evolve or stall
2:18 The member who inspired the RV park pivot
2:40 Calling Eddie Speed to learn seller finance
3:03 Getting coached through a planning commission
3:21 “Radically transparent” – the slide decks and P&Ls
3:50 Who gets the most out of the room
If you are a real estate investor and want access to the top investors in the country, then Boardroom is for you.
https://TheBoardroomMastermind.com
What asset class would you move into if you knew you could not fail? Drop it in the comments.
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