Milwaukee Mobile Home Park – Great Year 1 Performance!
The numbers are in for our mobile home park in Milwaukee, Wisconsin. We took over this distressed property a year ago and executed our turnaround plan. We are very pleased with its performance – both operationally and financially. The mobile home park has improved significantly. Residents, local officials, police officers all agree that it is now a better place to live. It has been an extremely rewarding experience to improve quality of life and help people become home owners. Financially, we were able to return 19% cash-on-cash return, while increasing investors’ equity by 64% in just 12 months. Not only did we help improve people’s lives, we were very profitable.
This deal was a lot of things to us. First, it was a great investment opportunity. The mobile home park was left untouched by others investors. We, however saw a potential to generate significant return on investment through both cash flow and appreciation. Second, it was a chance for us to fully utilize our experience and knowledge to benefit everyone involved – residents, seller, bank, community, and investors. Thirdly, this property was another validation that our business model can be both profitable and meaningful. For the full report, click on the link below:
Great job Howard and Jae. WOW Silicon Valley to the TrailerHood. Congrats on your success
Thanks, Rick!
Knowledge and experience you shared with us has been invaluable for us in the business. Howard and I really appreciate it and we take the same approach of helping others with what we do and what we know. And yes, it has been a fun and rewarding journey.
Jae