56 min
S5E73: From Trailer Parks to Real Estate Empire with Brooke and Christian Torres The Mentee Podcast
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- Careers
In this episode, I have the pleasure of sharing a recent conversation I had with Brooke and Christian Torres. With years of experience in the trailer park industry and real estate investment world, they started their own business and quickly scaled an impressive real estate portfolio consisting of trailer parks and RV resorts across the country.
Today, they share their story, including growing a trailer park portfolio to $100 million in one year's time. This husband and wife duo bring an incredible energy and drive to the table that is sure to captivate you. Join me for this informative and exciting conversation!
Here are some power takeaways from today’s conversation:
The power of being relationalLessons learned from hiring a contractorFlipping a trailer park portfolioTapping into the power of mentorship
Episode Highlights:
[10:09] The Power of Being Relational to Become Transformational
When it comes to building relationships, focusing on commonalities is key. By avoiding transactional interactions and instead seeking to connect with others on a deeper level, you open up the potential for long-lasting and meaningful relationships. Whether you're living in a high-end building like the Porsche Design tower, or simply meeting new people in your day-to-day life, take the time to ask questions and show interest in their lives and this will lead to unexpected opportunities. Rather than forcing transactions, let trust and connection grow naturally over time. This approach can lead to lifelong connections with high-performers and successful individuals who can help you achieve your goals.
[33:54] Flipping a Trailer Park Portfolio
Brooke and Christian's experience in growing a trailer park portfolio can be attributed to their prior success in business. As co-CEOs of a company focused on RV resorts and mobile home parks, they were able to increase revenue from $6 million to over $25 million in just two years. The company had a portfolio valuation of $100 million when they joined, and Brooke and Christian leveraged their skills to take it to an impressive $400 million valuation. Their commitment to building the company over two years resulted in annual revenue of $25 million. This experience gave them the expertise and confidence to start their own business and scale it rapidly to become industry leaders.
[37:32] How Brooke and Christian Leveraged Their Past to Build a Trailer Park Portfolio
Brooke and Christian's experience in scaling a company provided them with invaluable knowledge about what not to do. They used this insight to approach their own business with a clear plan of action. After taking massive action, they repositioned properties that they knew fit the model of a successful company they had previously worked with. This allowed them to accumulate a valuable portfolio that was attractive to potential buyers. Ultimately, they sold $78 million worth of their portfolio to the other company, while keeping three properties for themselves. Their ability to learn from past experiences and leverage that knowledge enabled them to build a profitable trailer park portfolio.
Resources Mentioned:
Connect with Wyatt Graves: LinkedIn | Website
The Mentee Podcast: Website | Apple | a href="https://open.spotify.com/show/4vCHLP2hdnsQAzAxNJcxG8" rel="noopener noreferrer"...
In this episode, I have the pleasure of sharing a recent conversation I had with Brooke and Christian Torres. With years of experience in the trailer park industry and real estate investment world, they started their own business and quickly scaled an impressive real estate portfolio consisting of trailer parks and RV resorts across the country.
Today, they share their story, including growing a trailer park portfolio to $100 million in one year's time. This husband and wife duo bring an incredible energy and drive to the table that is sure to captivate you. Join me for this informative and exciting conversation!
Here are some power takeaways from today’s conversation:
The power of being relationalLessons learned from hiring a contractorFlipping a trailer park portfolioTapping into the power of mentorship
Episode Highlights:
[10:09] The Power of Being Relational to Become Transformational
When it comes to building relationships, focusing on commonalities is key. By avoiding transactional interactions and instead seeking to connect with others on a deeper level, you open up the potential for long-lasting and meaningful relationships. Whether you're living in a high-end building like the Porsche Design tower, or simply meeting new people in your day-to-day life, take the time to ask questions and show interest in their lives and this will lead to unexpected opportunities. Rather than forcing transactions, let trust and connection grow naturally over time. This approach can lead to lifelong connections with high-performers and successful individuals who can help you achieve your goals.
[33:54] Flipping a Trailer Park Portfolio
Brooke and Christian's experience in growing a trailer park portfolio can be attributed to their prior success in business. As co-CEOs of a company focused on RV resorts and mobile home parks, they were able to increase revenue from $6 million to over $25 million in just two years. The company had a portfolio valuation of $100 million when they joined, and Brooke and Christian leveraged their skills to take it to an impressive $400 million valuation. Their commitment to building the company over two years resulted in annual revenue of $25 million. This experience gave them the expertise and confidence to start their own business and scale it rapidly to become industry leaders.
[37:32] How Brooke and Christian Leveraged Their Past to Build a Trailer Park Portfolio
Brooke and Christian's experience in scaling a company provided them with invaluable knowledge about what not to do. They used this insight to approach their own business with a clear plan of action. After taking massive action, they repositioned properties that they knew fit the model of a successful company they had previously worked with. This allowed them to accumulate a valuable portfolio that was attractive to potential buyers. Ultimately, they sold $78 million worth of their portfolio to the other company, while keeping three properties for themselves. Their ability to learn from past experiences and leverage that knowledge enabled them to build a profitable trailer park portfolio.
Resources Mentioned:
Connect with Wyatt Graves: LinkedIn | Website
The Mentee Podcast: Website | Apple | a href="https://open.spotify.com/show/4vCHLP2hdnsQAzAxNJcxG8" rel="noopener noreferrer"...
56 min