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

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 19 December 2019

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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 homes How he finds deals in today's market The key differences to holding title to mobile homes compared with traditional real estate How to use “rent-to-own” financing to eliminate maintenance and repairs costs How to motivate your tenants to take better care of the property How to build wealth with very little of your own money Making a 100% return on investment within 12 months His 5 biggest lead generators that are all free The criteria he looks for to find the best mobile home deals Getting into real estate investing for financial freedom And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Podcast Survey BiggerPockets Webinars Josh's Twitter Profile Podcast Survey Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! BiggerPockets Events and Meetups Mobile Home Park Investing Boot Camp BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene Check the full show notes here: http://biggerpockets.com/show361 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is the BiggerPockets Podcast Show 361.
0:04.0	That's what's so cool about mobile homes.
0:06.0	I think it might be the only asset class that you can actually transport these things and set them up.
0:10.0	And that's a great exit strategy.
0:12.0	You can buy them in one park you know
0:13.2	rent it out if it's not working out you can go ahead and pull it put it in another park put it on its own
0:16.9	piece of land so there's just all kinds of exit strategies that made me feel
0:20.1	confident that hey look even if this doesn't work out now I know it will work out
0:23.0	somewhere else. You're listening to Bigger Pockets Radio simplifying real estate
0:28.2	for investors large and small. If you're here looking to learn about real estate investing without all the height, you're in the right place.
0:36.0	Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com.
0:42.0	Your home for real estate investing on... benefited from BiggerPockets.com.
0:42.6	Your home for real estate investing online.
0:45.6	Hey, what's up everybody?
0:46.5	This is Brandon Turner, host to the BiggerPockets podcast
0:49.4	here with my co-host, Mr. David the Grinch Green. What's up man? How did you find out about my
0:57.6	nickname? The Grinch? I used to be much Grinchier than I am right now.
1:03.5	Working as a police officer sleeping three hours a night,
1:06.0	we'll do that for you.
1:07.0	But now I have a much happier green.
1:09.6	Well, you are.
1:11.0	I never thought about your last name in he's green. You're a mean one mr. Grinch I see that's why you're going with that but I gave you too much
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.