From Medicine To Mobile Home Parks: Taking The Leap With Tim Woodbridge The Millionaire Journey podcast

From Medicine to Mobile Home Parks: Taking the Leap with Tim Woodbridge

18d ago 27:25

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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

https://www.wcinvgroup.com/

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33 episode