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: