Everybody was chasing the same $100/door multifamily deal. Tim Woodbridge made a hard left turn - from bedside nurse to mobile home park operator with 30 communities, 1,400 pads, and $55M AUM. This week, that contrarian bet spins the Compass.
Tim didn't run a hundred spreadsheets. He heard Frank Rolfe on a podcast, found a park an hour outside Charleston, and took it down to "figure it out." His line: "I'm not smarter than anyone - I'm just braver."
We run mobile home parks through all four points of the Capital Shift Compass - one of the rare asset classes that carries real weight in every direction:
Cashflow Creation: Monthly distributions starting month 3. Never missed one.
Capital Velocity: 5 to 7 year hold, with a refi window underwritten conservatively.
Equity Leverage: Target minimum 2x equity multiple; typically 16 to 20% IRR.
Tax Efficiency: Cost segregation on every deal - roughly a $150K negative K-1 on a $100K investment in year one. (An honest word on depreciation recapture too - talk to your CPA; not investment advice.)
But Tim charts highest on purpose: affordable housing done like a professional, not a slumlord - gradual rent, real improvements, dignified living - and a mission to end homelessness in the U.S. by 2050.
Stick around for the Voyagers bonus: 5+ years clean and sober, the mindset that rebuilt his life, and what the Boardroom mastermind has meant to his business.
In this episode:
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00:00) Record stores, Fender bass, and 80s industrial - two music nerds warm up
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05:00) From nurse to real estate: chasing growth, not comfort
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11:00) The inflection point - if someone else did it, I can too
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15:00) Why mobile home parks (Frank Rolfe plants the seed)
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17:00) Take action first: buying the first park near Charleston
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21:00) The portfolio today - 30 parks, 1,400 pads, $55M AUM
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22:00) The thesis: lot rent, NOI, and raising rent the right way
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28:40) Spinning the Compass: cashflow, velocity, equity multiple
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34:00) The clincher - cost seg, the $150K K-1, and depreciation recapture
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42:00) Who the ideal WCG investor really is
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50:25) Bonus (Voyagers): sobriety, the five D's, and the Boardroom
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1:02:24) The big audacious vision - ending homelessness by 2050
Connect with Tim & WCG Investments: book a call or join the deal list at wcginvestments.com
The Capital Shift Podcast helps you develop the identity, standards, and decision-making to responsibly move capital from abstract markets into real, governed assets. Every operator gets run through the Compass - Tax Efficiency, Equity Leverage, Capital Velocity, and Cashflow Creation.
Companion scoring episode with Jeff Hyatt drops the following week.
Episode 7