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361: Using $3,500 to Kickstart an "Unsexy" Investment Empire with Tristan Thomas

361: Using $3,500 to Kickstart an "Unsexy" Investment Empire with Tristan Thomas

FromBiggerPockets Real Estate Podcast


361: Using $3,500 to Kickstart an "Unsexy" Investment Empire with Tristan Thomas

FromBiggerPockets Real Estate Podcast

ratings:
Length:
64 minutes
Released:
Dec 19, 2019
Format:
Podcast episode

Description

Traveling the world on mobile home cash flow at 26 years of age? Yes, it’s possible!On today’s show, Brandon and David interview Tristan Thomas, a mobile home park investor who parlayed a few thousand dollars into a life of financial freedom.Tristan shares some great info regarding how he chooses his markets to invest in, how he finds deals in those markets, and some of the key differences to holding title to mobile homes compared with traditional real estate.He also shares a fantastic perspective on how using “rent-to-own” financing can eliminate maintenance and repair costs, motivate your tenants to take better care of the property, and help you build wealth with very little of your own money.Tristan is a great example of how to find financial freedom at ANY age and shares exactly how he did it himself! Download this inspirational episode today, and subscribe to the podcast in your favorite app so you won't miss the next show.In This Episode We Cover:How Tristan got into mobile homesHow he finds deals in today's marketThe key differences to holding title to mobile homes compared with traditional real estateHow to use “rent-to-own” financing to eliminate maintenance and repairs costsHow to motivate your tenants to take better care of the propertyHow to build wealth with very little of your own moneyMaking a 100% return on investment within 12 monthsHis 5 biggest lead generators that are all freeThe criteria he looks for to find the best mobile home dealsGetting into real estate investing for financial freedomAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Podcast SurveyBiggerPockets WebinarsJosh's Twitter ProfilePodcast SurveyGrant Cardone on Multifamily Investing and Why You Should Never Buy a House!BiggerPockets Events and MeetupsMobile Home Park Investing Boot CampBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneCheck the full show notes here: http://biggerpockets.com/show361See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Dec 19, 2019
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.