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From Medicine to Mobile Home Parks: Taking the Leap with Tim Woodbridge
Manage episode 436463268 series 3552130
Kandungan disediakan oleh Glenn Yaney. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Glenn Yaney atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
Episode 31 with Tim Woodbridge
“So, me looking at that now I say, ‘Yeah, that's a sh*t deal.’ I'm glad that I didn't think of it like that. I'm glad I was excited. Because without doing that deal and figuring out how to do it, I wouldn't be where I am today. So anytime someone says, ‘That's a sh*t deal ,’or like, ‘Don't do that deal. That's a lot of headache.’ It's like, well, but don't discount the headache that you're going to have. I figured out how to do it because it was a headache, and I increased the value. I saw that there was potential.”
Join Glenn as he interviews Tim Woodbridge, the co-founder of WC Investments. Tim began his career as a nurse but made the transition into real estate after discovering Mobile Home Park (MHP) investments in 2019. Under his leadership, WC Investments has developed a portfolio of 9 mobile home parks, totaling 273 spaces, a 34-unit apartment complex, and an RV park with 27 spaces. Tim and his company aim to provide high-quality affordable housing while ensuring optimal returns for investors.
Glenn and Tim discuss:
- Discovering the potential of the MHP market
- Creative deal structuring and financing for MHPs
- Market perception and timing
- The importance of cash flow and financing
- Learning from investment mistakes
- How location can be a key factor
- Evaluating potential MHP opportunities
- Researching landlord laws in different markets
- Considering investments outside the local market
- Affordability issues in the current market
- Predicting future lot rent increases
Episode Links:
LinkedIn: @tim-woodbridge-62894855
Instagram: @tim.woodbridge
Facebook: @tim.woodbridge.54
YouTube: @tim.woodbridge
https://linktr.ee/tim.woodbridge
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