Track Record
Since 2013, he Equity Growth team has established a proven track record of successful investments in the mobile home park, RV park and self storage industries.
Over 25 Commercial Real Estate Investments
During that time we’ve acquired over 25 commercial real estate investments and have grown from nothing to approximately $100 million in investments.
Over a decade of focus and commitment to the mobile home park, self storage, and RV Park markets has given us a unique advantage in being able to identify excellent opportunities and execute our business plans to increase value and the cash flow of the properties.
This allows us to deliver outsized returns to our investors while also minimizing risk so we can help our investors to grow their equity and receive consistent cash flow.
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Full-Cycle Deals
Case Study #1
Peace River Village MHP
- Location: Bartow, FL
- Purchase Price: $2,216,000 in April 2017
- Appraised Value at Refinance: $4,100,000 in November 2020
The Story
We found this property off market. The owner was tired of managing the property and was looking for a solution. When we came in, we crafted a creative structure that included acquiring the property subject-to the seller’s existing loan.
The Strategy
- Billed back utilities to homeowners to reduce expenses.
- Improved infrastructure on the land to increase desirability and lot rents.
- Brought in new manufactured homes to fill vacant lots.
The Outcome
Refinanced in 2020 and returned all investor capital. Investors have been receiving infinite cash flow returns since the refinance event.
Interested In Learning More?
We have a team member who would love to help you get started. Call us to connect with a compatible custodian for investing in alternative assets using your retirement funds.
Case Study #2
Storage Sense Naples
- Location: Naples, FL
- Purchase Price: $1,800,000 in September 2015
- Appraised Value at Refinance: $3,945,000 in December 2021
The Story
We found this property off market. The owner was retiring from the business and wanted to offload this asset. We purchased the property using seller financing and negotiated attractive terms.
The Strategy
- Conducted capital improvements, making the property more desirable to lenders and tenants.
- Re-designed the building layout to maximize rental income.
- Brought in professional management to optimize performance and financial goals.
- Built extra outdoor storage space, thus improving income.
- Improved marketing and systems to generate more revenue and reduce operational expenses.
The Outcome
Refinanced using long-term, non-recourse debt and returned majority of investor capital in five years. Investors continue to receive quarterly distributions at high returns.
Interested In Learning More?
We have a team member who would love to help you get started. Call us to connect with a compatible custodian for investing in alternative assets using your retirement funds.
Case Study #3
Winding Creek MHP
- Location: Tampa, FL
- Purchase Price: $700,000 in May 2016
- Appraised Value at Refinance: $2,500,000 in March 2018
The Story
We found this property off market. The owner was operating this asset from out of town and it was distressed. We used local bank financing and personally guaranteed the loan to generate more attractive terms for investors.
The Strategy
- Updated all infrastructure including water and sewer lines, community roofs, windows and paved roads.
- Raised rents, billed back utilities, and brought in professional management to improve income and expenses.
- Converted land from well & septic to city water & sewer utilities which made the property less risky and more attractive to investors.
The Outcome
Refinanced and returned 80% of investor equity in two years. Since then, investors enjoy an average of 28% Cash on Cash returns.
Interested In Learning More?
We have a team member who would love to help you get started. Call us to connect with a compatible custodian for investing in alternative assets using your retirement funds.
Case Study #4
Courtesy MHP
- Location: St. Petersburg, FL
- Purchase Price: $740,000 in June 2017
- Appraised Value at Refinance: $1,560,000 in October 2022
The Story
We found this property off market. The owner was retiring and wanted to offload this asset. The location of this park is extremely desirable so we knew it was a no brainer.
The Strategy
- Raised rents, billed back utilities to the homeowners and brought in professional management to improve income and expenses.
- Sold off all of the homes which converted the property from a rental community to a lot rent community, therefore improving the valuation and desirability of the asset.
- Proceeds from home sales were distributed to investors which drastically increased their cash flow.
- Infrastructure was improved which allowed for lot rent increases.
The Outcome
Refinanced and 100% of the investor capital was returned. Investors continue to enjoy quarterly distributions at high returns.
Interested In Learning More?
We have a team member who would love to help you get started. Call us to connect with a compatible custodian for investing in alternative assets using your retirement funds.
Case Study #5
Aloha Estates MHP
- Location: Bradenton, FL
- Purchase Price: $1,075,000 in November 2014
- Appraised Value at Refinance: $2,750,000 in June 2016
The Story
We found this property off market. The owner was facing significant management issues and wanted out of the property.
The Strategy
- Infrastructure was improved around the entire property.
- Community areas were remodeled.
- An additional resident paid parking lot was built to generate more revenue.
- Brought in new homes to fill vacant lots.
- Raised rents, billed back utilities and brought in professional management to improve income and expenses.
The Outcome
Refinanced two years later and 100% of investor capital was returned. Investors continue to receive quarterly distributions at high returns to perpetuity.
Interested In Learning More?
We have a team member who would love to help you get started. Call us to connect with a compatible custodian for investing in alternative assets using your retirement funds.
Case Study #6
Valley View MHP
- Location: Marietta, GA
- Purchase Price: $3,125,000 in May 2016
- Appraised Value at Refinance: $5,000,000 - New Loan of $3,500,000 in September 2019
The Story
We found this property off market. Valley View was initially three separately owned communities that we merged into one asset. By doing this, it allowed the operations to flow better, positioned the asset to receive the benefits of economies of scale, and made the asset desirable to a broader investor pool.
The Strategy
- Raised rents, billed back utilities, and brought in professional management to improve income and expenses.
- Infrastructure was improved including roads, lighting and community areas.
- New homes were brought in to fill vacant lots.
The Outcome
Refinanced after two years into a long-term loan with an attractive term. At refinance, 82% of initial capital was returned. By merging the properties, the Cap Rate was compressed which improved valuation. Investors received 27% Cash on Cash return in 2022, and 39% CoC in 2023.
Interested In Learning More?
We have a team member who would love to help you get started. Call us to connect with a compatible custodian for investing in alternative assets using your retirement funds.
Case Study #7
Palm Lake MHP
- Location: Naples, FL
- Purchase Price: $625,000
- Sale Price: $6,500,000
- Initial Capital Invested: $150,000
- Profit at Sale $5,709,932.44
- Equity Multiple 38.07X
The Story
Bought off market as a distressed mortgage purchase. The property was foreclosed on then taken back.
The Strategy
- Improved the infrastructure on the land.
- Brought in new homes to fill the empty lots.
- Raised rents, billed back utilities and brought in professional management to improve income and expenses.
The Outcome
Sold to an institutional investor that brought an unsolicited offer we couldn’t refuse.
Interested In Learning More?
We have a team member who would love to help you get started. Call us to connect with a compatible custodian for investing in alternative assets using your retirement funds.
Invest with your self-directed IRA or 401K.
For Retirement Account Qualified Investments & Self-Directed IRA’s