Manage episode 521007164 series 3536562
In this episode, Josh (@thelifestylecrna) and Colin (@colinfrompdr) break down the full story of their latest mobile home park refinance—a deal that increased their valuation, boosted equity, lowered monthly payments, and unlocked new capital for future growth.
After a long process with inconsistent communication and shifting bank requirements, they finally closed—and the results were worth it.
What You’ll Learn in This Episode:
- How their two mobile home parks increased to a combined $1.65M valuation
- How they generated $400K+ in equity through steady operations and rent adjustments
- Why switching to a 30-year commercial amortization dropped payments by over $600/month
- How they completed a cash-out refinance of $120K
- The strategic value of a $300K line of credit for infill and park improvements
- How seller financing and refinancing work together in long-term real-estate strategy
- Why communication with lenders can make or break your timelines
- How refinances fit into a long-term plan for passive income and financial freedom
Who This Episode Is For:
Real estate investors, mobile home park investors, beginners interested in commercial lending, and anyone wanting a transparent, numbers-based look into scaling a real-estate portfolio.
If you're researching:
- How to refinance investment property
- Cash-out refinance strategy
- Mobile home park investing
- Commercial real estate loans
—this episode will be extremely helpful.
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108 episodes