From $300K to $1.5M

By | April 13, 2023

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Are you tired of living paycheck to paycheck and struggling to make ends meet? Do you dream of financial freedom and security? In this blog post, we’ll be exploring the inspiring journey of one individual who went from earning $300K to achieving a net worth of $1.5M. Get ready to learn valuable insights and strategies for building wealth, and discover what it takes to make your financial dreams a reality.

: The Journey of Converting from 506(b) to 506(c) and Building an RV Park in Hawaii


Real estate development can be a lucrative business for those who are willing to take risks and put in the hard work. One company that has experienced success in this industry is Hawaii-based Park Avenue Hospitality Corp.

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In a recent video, the founders of Park Avenue Hospitality Corp. discuss their journey of converting from 506(b) to 506(c) and building an RV park in Hawaii. Through this conversion, the company was able to market their project to accredited investors publicly and raised $1.5 million in capital after the conversion.

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In this article, we’ll delve deeper into the journey of Park Avenue Hospitality Corp. and discuss the challenges they faced, benefits of building an RV park, and lessons learned from their experience.

Challenges Faced During the Conversion Process:

The conversion process from 506(b) to 506(c) can be a daunting task, and Park Avenue Hospitality Corp. faced their fair share of challenges during this process.

One of the primary challenges they faced was finding the right team to work with. Real estate development requires a team with various professionals, including architects, engineers, contractors, and attorneys. Without the right team, the project can quickly become derailed.

Another challenge they faced was ensuring compliance with regulations. Park Avenue Hospitality Corp. worked closely with a securities attorney to ensure that they were following all the guidelines set forth by the Securities and Exchange Commission (SEC).

Benefits of Building an RV Park:

Building an RV park may not be the first thing that comes to mind when thinking of real estate development; however, there are many benefits to this type of investment.

One of the main benefits is the potential for a high return on investment. RV parks have lower development costs compared to other types of real estate, making them a more affordable option. Additionally, RV parks often have low overhead costs, as tenants usually bring their own accommodations.

Another benefit is the potential for growth in the industry. As more people are starting to embrace the RV lifestyle, the demand for RV parks is increasing. This means that there is a growing market for developers and investors to tap into.

Lessons Learned from the Experience:

Park Avenue Hospitality Corp. learned many valuable lessons from their experience in real estate development. Firstly, due diligence and proper planning are crucial for success. This includes conducting thorough research, creating a detailed business plan, and having a solid understanding of the market and industry.

Another lesson learned was the importance of finding the right team. Real estate development requires a collaborative effort, and without the right team, the project can quickly become derailed.

Finally, Park Avenue Hospitality Corp. emphasized the importance of pursuing one’s dreams. Real estate development can be a challenging industry, but with the right mindset and approach, success is possible.


  1. What is the difference between 506(b) and 506(c)?
    506(b) allows companies to solicit investments from accredited investors and up to 35 non-accredited investors. It also allows for general advertising restrictions. On the other hand, 506(c) allows for unlimited accredited investors and general advertising is permitted, but it prohibits non-accredited investors.

  2. Can anyone invest in an RV park?
    No, typically only accredited investors are allowed to invest in private offerings, such as RV park development projects.

  3. What kind of returns can be expected from an RV park investment?
    Returns on RV park investments vary depending on the location, type of park, and expenses. However, RV parks generally have a high return on investment potential.

  4. What is the potential for growth in the RV park industry?
    The RV park industry has seen consistent growth in recent years, with increasing demand for RV accommodations. This trend is expected to continue, meaning there is significant potential for growth in the industry.

  5. What should I consider before investing in an RV park development project?
    Before investing in an RV park development project, it’s important to conduct thorough research, understand the market, and ensure compliance with regulations. Additionally, working with a team of professionals and having a detailed business plan can increase the likelihood of success.