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From Medicine to Mobile Home Parks: Taking the Leap with Tim Woodbridge
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/
------------------------
THE MILLIONAIRE JOURNEY
Invest with Glenn:
https://www.verticalequityproperties.com/about
www.themillionairejourney.net
https://www.verticalequityproperties.com/
LinkedIn: @glennyaney
X (formerly Twitter): @glennyaney
Podcast Management by Kelly Carlson Creative Services
View all episodes
By Glenn Yaney
5
88 ratings
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/
------------------------
THE MILLIONAIRE JOURNEY
Invest with Glenn:
https://www.verticalequityproperties.com/about
www.themillionairejourney.net
https://www.verticalequityproperties.com/
LinkedIn: @glennyaney
X (formerly Twitter): @glennyaney
Podcast Management by Kelly Carlson Creative Services
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