A global survey of 200 cities revealed that about 90% of individuals cannot afford average house prices today. At the same time, an exponential increase in demand for affordable housing has arisen. The bitter truth is that US cities and suburbs are facing a major supply crisis. This all comes down to affordability.
This might lead someone to wonder “what exactly is affordability?” In this case, affordability refers to the complete financial capability of living in a house. This goes beyond simply buying or renting costs. Other factors coming into play include utilities, taxes and maintenance costs. Affordability crisis can trace its roots to housing costs rising more than salaries or incomes, along with affordable housing demand outweighing its supply and an increase in population.
An active participant on the scene in addressing this housing crisis is Jonathan Tuttle, founder and owner of Midwest Park Capital. This private real estate investment firm provides investors with exclusive access to high-yield investments in the Mobile Home Park vertical. His area of expertise is the actual remedy to housing affordability. But where did his passion come from, and how can he benefit you? Read on to be enlightened.
Serving Others First
Jonathan is passionate about serving others first. His rich experience and knowledge in real estate are what make him an ideal creative problem solver in the housing crisis situation in America. He possesses an extensive real estate background having started very early growing up in a real estate family. His dad was a general contractor for over 75 custom homes, including being selected as a preferred home builder by Inland Real Estate.
Apart from work in real estate, to demonstrate Jonathan’s level of community involvement, in his free time he makes solid efforts to give back to local charities. Moreover, he has sat on many boards of directors of 100% nonprofits including previously on the Chicago Culinary Museum and Chefs Hall of Fame for five years. Also, he was one of 99 selected members in the most exclusive culinary invite society in the country, the Les Amis D’Escoffier Society of Chicago. In addition, Jonathan started and founded Brownie Bash, which is an annual fundraiser for homeless dogs, which raises thousands of dollars per year while finding homeless dogs new forever homes. These areas of service reveal Jonathan’s true heart and passion for helping others. It is no wonder that he extends this passion to help those in dire struggle when it comes to the vital necessity of housing. But how exactly did he get to where he is today?
Billionaires & Private Equity Groups Secret You Don’t Know About
Following in his father’s footsteps, Jonathan pursued work within the real estate realm. Jonathan previously served in a team of five, as the President of the Midwest for Yale Realty and Capital Advisors. Together, he and the Yale team completed $2 Billion in closed brokerage real estate transactions and evaluations in this niche sector.
Jonathan expanded his reach and soon made a transition into the creation of a new entity, which is providing hope amidst the current housing crisis. Teaming up with Cristian E. Dukes, Jonathan helped co-found Midwest Park Capital. Working toward their goal, they assembled a diversified portfolio of low-risk, high cash-flow mobile home park assets to provide capital preservation, continuous quarterly cash-on-cash income, paired with equity growth. They achieved this objective by acquiring, then adding-value or repositioning under-valued, mismanaged, sub-performing, or improperly capitalized income-producing mobile home park assets.
In simple terms, Midwest Park Capital helps raise capital from accredited investors to buy mobile home parks. They identify, purchase, reposition, and manage so they can pay investors quarterly cash flow and tax depreciation, along with equity in the most stable/lowest failure rate of all real estate. This is where Jonathan is thriving, but more importantly, he wants others to know how they can benefit the most.
It is clear to see that Jonathan Tuttle understands the value of first impressions and was selected by the prestigious Crain’s Chicago Business and Fox News TV as one of the best dressed Chicagoans. He was selected by Habitat for Humanity Youth Board as one of the top social media influencers in Chicago. Wanting to create more value on better and more favorable negotiations with his clients, he attended the
program on negotiation for senior executives at Harvard Law School.
Furthermore, Jonathan is considered a trusted resource for real estate information as he is quoted in national articles for the Wall Street Journal, Huffington Post, and the local media. His core principals are built on the highest levels of honesty, integrity, and transparency. Midwest Park Capital has an unparalleled commitment to excellence, integrity, and creativity to its investors and the communities it acquires.