RVP Underwriter

RV parks, campgrounds, mobile home parks and most income property

RV park underwriting, one deal at a time

Send the offering memorandum, the T-12 and the rent roll. Get a normalized underwrite, an income value, three priced offers and the reports, in about two minutes. No subscription and no account. Your card is charged only if the underwrite finishes.

Core underwrite

$27 one deal

  • Normalized NOI, an income value and a GO or NO-GO verdict
  • Three priced offer structures with maximum allowable offers
  • Stress tests, value-add and location research
  • Full underwriting report (PDF), one-pager and LOI
  • Underwriter chat for this deal

Your card is only authorized at checkout and charged when the underwrite finishes. After checkout, drop the deal documents or paste a listing link, and the purchase covers the first property you underwrite. Each purchase covers one property. Prices in US dollars.

How it works

  1. Get the free first look. Drop the documents or paste a listing link on rvpunderwriter.com. You see the seller's numbers and an initial valuation, no account and no email.
  2. Pick Core or Full package. Use the button under the first look, or the buttons above. Checkout is by Stripe. Your card is only authorized at this point.
  3. The underwrite runs, then you are charged. It normalizes the income and expenses, researches the county's taxes and insurance at your price, and prices three offers. When it finishes, the charge goes through and a private page for the deal arrives by email. If it does not finish, the authorization is released and you pay nothing.

See a sample

Cedar Flats RV Park is a fictional park we use for demonstrations. The seller's T-12 shows $217,316 of NOI; the underwrite rebuilds it to $141,771 once a market management fee, a capital reserve and realistic repairs are added and income is set at the occupancy the documents support, and values the park at $1.35M to $1.49M against a $1.85M asking price. These are the documents the Core underwrite produced:

Sample underwriting report (PDF) Sample one-pager (PDF)

One deal, or a plan?

Pay per deal when you have one property in front of you and no reason to keep an account. If you expect to underwrite more than one or two deals, a free account gives you 5 full underwrites at no cost, and the Investor plan is $99 a month for 15 deals with share links, Buybox Genie and a saved deal pipeline, which one-off purchases do not include.

Not sure the deal is worth $27 yet? The free RV park valuation calculator gives a first value from a listing in a minute, and the RV park underwriting guide walks through the method.

Questions

When is my card charged?

At checkout your card is only authorized. It is charged when the underwrite finishes. If the underwrite does not finish, the authorization is released and you pay nothing.

Is this an appraisal?

No. It is an underwriting estimate built on the documents and numbers the seller presented, with every adjustment shown so you can check it. Verify everything before you sign, and use a licensed appraiser where a lender or law requires one.

Do I need an account?

No. You pay with a card and get a private page for the deal by email, which works for 30 days. It opens in the browser you paid in; on another device it asks for a code we email you. If you will underwrite more than one or two deals, a free account (5 full underwrites) or the Investor plan is better value.

What kinds of property does it cover?

RV parks and campgrounds, mobile home parks, self-storage, multifamily and most other income property. Each purchase covers one property.

Estimates only, verify everything before you sign. See our Terms (one-off purchases are in section 4) and Privacy Policy.