Lilly: First mobile home park yielded 25% to 30% initial cash-on-cash
Jefferson Lilly · What if You Could Invest $100k Once, Make $20k/Year Forever? EP 251: Jefferson Lilly · Jun 2, 2016 · at 6:19
Mobile home park investor Jefferson Lilly details the purchase price, leverage structure, and initial cash returns on his first deal in Oklahoma City in 2007.
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“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 thousand a year. So that would have been about a 25 or 30% rate of return cash on cash to start.”
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