Today is a big property anniverary for me -- 19 years!

[Wenda Kennedy JD]

Mom and I repossessed this mobile home park 19 years ago today. She had sold it during her divorce and carried the paper -- a terrible misstep.  The buyer had totally trashed the property and it was routinely loosing LOTS of money.  Since Mom's death 14 years ago, I've carried on with building the income and market value.  

Fast forward to today -- the income is 6 times where we started 19 years ago, and 5 times the cash flow of when Mom died.   The property is now a good cash cow.  That success wasn't instant.  A lot of the increases in market value and cash flow were earned through sweat equity and a lot of hands-on-work.