| RV's are NOT Investments!
Don't care whether it's an Airstream or not.... they lose money. Not like a yacht, but they lose money.
OK, GENTLY used is probably the least expensive to do.
Finding a bank to invest in restoring an Airstream - no problem: If you've got $1,000,000 on deposit I'm sure they'd lend you $50,000. Banking after the Gotterdammerung... gotta love it.
1970's units are fourty years old. They will need new everything - axles, air conditioners, furnaces, water heaters, possibly a new refrigerator - and some work on the frame, floor, propane lines and plumbing. And then there is the interior. Your mama doesn't have 40 year old drapes in her living room. Consider foam and fabric replacement.
Most people who sell restored vintage get back $.50 for every $1.00 invested. Oh... and that doesn't include the owner's labor.
Get a five year old unit and most of that stuff still has 5 to 20 years life left in it. I know a guy who has a 2002 31' Classic for sale for $35K. Camp in it tomorrow.
Paula
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