Jul 16, 2026
The rise of hustle culture has many people dreaming of getting rich through passive income, trying their luck at online courses or automated digital storefronts and waiting for the big bucks to roll in.
The real estate game is what helped put financial guru Pace Morby on the map. Morby, a property investor who hosted a house flipping show on A&E, recently talked about his favorite “lazy” income-generating real estate asset on a business podcast.
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Speaking to Graham Stephan and Jack Selby of the “Iced Coffee Hour,” Morby touted RV parks as the property type that has made him millions in passive income.
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‘It’s mostly gravel’
“There’s almost no management, the manager lives onsite and there’s basically nothing to fix because it’s mostly gravel,” he explained, contrasting the ease of maintaining his RV parks to the much greater demands of maintaining his apartment portfolio.
In his experience, these campsite properties can bring in $30,000 to $40,000 each per month, even after expenses, including loan repayments, and all with minimal oversight. Morby said it’s more than he makes from his car washes, venues, rental properties and other such holdings.
“I call them the only true ‘one-and-done’ asset,” he told the hosts.
Much like franchising, RV park ownership may not be the most captivating or prestigious endeavor, and thus may not be on most people’s radar at all. But if you have the means to buy an existing park, it can be a consistent, dependable, low-effort money maker that’s AI-proof to boot. But that’s a big can.
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The costs of low effort
Like almost all business ventures (aside from those ebooks and online courses), the path necessitates some startup costs — and they aren’t insignificant. But Morby has some creative ways around them.
The main roadblock for most is the upfront price tag of the land, which typically runs for $3 million to $7 million. Morby’s method for tackling this hurdle is one of his most famous, though perhaps not one everyone has the stomach for: purchasing on seller finance.
“I go to the seller, who is the number one bank,” he said.
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As stated in other conversations he’s had about this strategy, slowly repaying the seller back over time, as one would a lender, can allow the seller to bypass banks, real estate agents and the open market, secure the price they want and divvy up capital gains over time (which can reduce the amount paid due to progressive taxation), all while receiving steady repayments. For the buyer, going through the seller may make it easier to obtain a property they would not have qualified for through traditional financing, and they can also get a deal closer to the terms they want.
In the case of RV parks, the deed for the land is transferred and loan terms drawn up, which include the buyer taking over operational costs. The seller can agree to cover the entire loan cost (minus the down payment) or a portion of the loan, with the remainder covered by a commercial or investment loan the buyer takes out.
While it’s not the traditional path, others in the sector say it’s something they’ve seen used successfully before.
When seller financing works best
“It’s totally possible to get seller financing on something like a commercial asset,” says Ryan Dossey, a veteran of the real estate investing and brokerage space who co-owns property selling platform SoldFast. “A lot of RV parks are owned by folks in their 50s, 60s, 70s or 80s who are going to want to retire at some point. It’s totally possible to get straight owner financing for one of these.”
But he says this model works best when there is no outstanding loan on the property — or, if there is, that you can either offer enough of a down payment to cover it or are able to legally assume it.
This means you must have the liquidity not just for the asset, but for future repairs and maintenance. Common sense says taking on property that you simply can’t afford, especially a property with debt, is never advisable, even if that property may earn you some income.
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When it comes to assuming someone’s debt, Dossey adds that some of the more niche financing tactics can get a little hairy as far as whether they’re completely safe or above-board. He points to potentially safer passive income real estate investments, such as adding an accessory dwelling unit to your single family home’s lot or buying a multi-unit property and living in one unit while renting the rest out.
Tips on RV park investing
When selecting a property, Morby said he ensures it is profitable enough for his liking — garnering at least $15,000 net monthly — which usually means looking at dozens to buy just one. The type of site is important, as recreational properties are extremely profitable during the high season and often unprofitable in the low season, while other sites have more long-term, year-round tenants. Dossey says access to city utilities is also key.
Upon acquisition, Morby assesses where he can implement operational efficiencies across the business to cut costs, minimize work and maximize profit, such as hiring a live-in site manager.
Dossey adds that the most lucrative case would be if the owner “hasn’t maintained or optimized the park, hasn’t raised rents in a long time and you’re able to make improvements and bump up costs.”
Morby, who says he owns 40 RV parks that earn him approximately $100 million per year, has faced his fair share of criticism, with RV park owners offering mixed reviews of the passive earnings potential in online forums. Some claim they’re only bootstrapping given the labor and costs, while others say the math and stability of return is very attractive, though it’s depends on location and the prices you’re able to charge.
But the reality is that these methods are far from guaranteed and aren’t necessarily as easy as online influencers may suggest.
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Becky Robertson is a senior staff reporter at Moneywise and a lifelong writer. Along with more than a decade covering news at outlets like blogTO and Quill & Quire, she's attended writing residencies around the world. With 33 countries visited, she finds travel to be among her greatest inspirations.
