When Everything Goes Wrong - Mobile Home Parks with Tim Woodbridge

Commercial Real Estate Bosses

What an exciting episode today with Tim Woodbridge. Tim shares how he got his first mobile home park deal done with no money, and no mentor! Find out how his first deal went south with a bad business partner, and how he recovered.
Here are some highlights from today's episode:

• How he was able to quit his job as a nurse after 2 years
• The benefits of investing in mobile home parks versus apartment buildings
• What to do when your business partner starts stealing funds from the company!

Ciaara Hoffmann is Managing Partner for Synergy Capital Investments. We help everyday people and busy professionals diversify their portfolio by investing passively in commercial real estate. To download our free Multifamily Investment Guide for Beginners, go to https://thrivewithsynergy.com
Tim Woodbridge is a nurse turned real estate investor with 127 pads/doors who specializes in mobile home parks.

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Apple Podcast: https://podcasts.apple.com/us/podcast/when-everything-goes-wrong-mobile-home-parks-with-tim/id1648166587?i=1000614174755
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Connect with Tim Woodbridge online:
Facebook: https://www.facebook.com/tim.woodbridge.54
Instagram: https://www.instagram.com/tim.woodbridge/

Are you looking to level up your commercial real estate game? Join the Commercial Real Estate Bosses Community for free at https://crebosses.com/join and get access to the Passive Investing 101 masterclass, live and recorded trainings, and a network of like-minded investors.

To listen to our past shows and be notified of our upcoming episodes, subscribe to our Podcast or Youtube channel:
Apple Podcast: https://podcasts.apple.com/us/podcast/commercial-real-estate-bosses/id1648166587
Spotify: https://open.spotify.com/show/1aRI59MdwaTMZL4mdhztk2
Youtube: https://www.youtube.com/@crebosses/streams

Chapters

1. When Everything Goes Wrong - Mobile Home Parks with Tim Woodbridge (00:00:00)

2. Introduction (00:00:05)

3. From Being a Nurse to Becoming a Real Estate Agent-Mobile Home Parks (00:00:26)

4. Get A Mentor if You Can Afford it (00:08:20)

5. Closing The First Deal (00:09:04)

6. Motivating Factor Behind Getting into the Business (00:09:20)

7. Day-to-day Asset Management (00:11:41)

8. Mobile Home Parks vs Traditional Apartments (00:12:50)

9. The Pros and Cons of Mobile Home Park Deals (00:15:42)

10. Dealing with a Bad Partner (00:19:47)

11. Finding Future Deals from Mobile Homes to Traditional Apartment Homes (00:23:34)