Jefferson Lilly
9 statements across 1 episodes · 5 bullish · 0 bearish · 1 people on the record · first statement Jun 2, 2016 by Jefferson Lilly · said 5 times in 2 episodes since 2016 · across every show →
On the record as a speaker too: Jefferson Lilly's record, appearances and statements → this page counts the times other people say the name.
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brought up most by Nathan Latka (5)
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Everything said about Jefferson Lilly, oldest first
Jun 2, 2016
Lilly: First mobile home park yielded 25% to 30% initial cash-on-cash
“So again, I paid four 50, the property was earning 45,000, but I did buy it with debt, so leverage, you know, worked in my favor. So, you know, for putting, I don't recall exactly, for putting the 86 down, I was probably cash flowing at least 20, 20 something …”
Jun 2, 2016
Lilly: Infill mobile homes cost $20K and rent for $550 to $600/month
“Five grand to fix it up roughly, and five grand or so to move it. So, you know, all in, I had something like 20 grand in each house, and was then putting them on rent to own agreements. Folks would be paying. Roughly five 50 a month, maybe 600.”
Jun 2, 2016 bullish
Jun 2, 2016 positive
Lilly: Mobile home park rent is 30% expenses, 35% mortgage, 35% profit
“Yeah, so for every dollar in rent, yeah, that I collect, I Keep 70 cents. Well, to then pay the mortgage, and then once I've paid the mortgage, then, which usually eats up half, then, you know, roughly the remaining half of that goes into my pocket.”
Jun 2, 2016 neutral
Jun 2, 2016 positive
Lilly: Mobile home parks yielded 300-400 bps more than traditional apartments
“I came across mobile home parks that were this quirky little, you know, one out of every hundred multifamily listings that I'd see online would be a mobile home park yielding Like three, 400 basis points more than apartments.”
Jun 2, 2016 positive
Jun 2, 2016 positive