This mother of five buys RVs online, flips and resells them—so far, she's made $22,000. (via CNBCMakeIt)
The first time Lemp bought an RV online, she "didn't really have a game plan," but wanted to renovate a camper her family could use for road trips. "I liked the idea of camping and had fond memories of camping as a child," she says.Lemp's first DIY camper took around three months to fix up, and from there, her family decided to continue flipping RVs and bigger campers due to the "teamwork and togetherness" these kinds of projects instill in their lifestyle.
Lemp now earns an average of $6,000 in profit for each camper she sells. She aims to spend around $2,000 to buy each RV and $2,000 or less on renovation materials, which usually include paint, new flooring, new cushions and/or furniture, window coverings, decor, caulk and sealants for the roof. But after having flipped multiple styles of RV — "from vintage trailers to a 1990 Class C motor home" — which each needed "major repairs and a serious facelift," Lemp is now far more sure of her reno skills than she was in the beginning., since it's a free service for both buyers and sellers. She also turns to Facebook to market her final products.
"So much emotion is invested in a remodel, it's hard to put a price on that. I try to price things competitively and in light of what items I am including in the final sale," she adds.
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