{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Capitalizing Your Life Podcast","title":"From Fix & Flip to the Holy Grail: Mobile Home Parks","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/214e0e25\"></iframe>","width":"100%","height":180,"duration":4357,"description":"Episode 10 with Garrett Terrell\n“The mobile home park deals are the best deals that I have ever purchased in my entire career. And they have been the easiest, they have made the most cash flow, and they're the most attractive to lenders. Believe it or not, local banks and credit unions love these... And it's literally tripled my net worth in three months - four months… I was hovering a little under 1,000,000 bucks basically for the last four years… After I bought these 2 mobile home parks, it bumped up to 3.2 million on [my] personal financial statement.”\n\nJoin Glenn as he interviews Garrett Terrell, a real estate investor from Phoenix, Arizona. Garrett started in real estate in 2018 at the age of 22 by house flipping. In the past 6 years, he has closed over 200 transactions. A former college baseball player, Garrett now owns 60 rental properties and has a $5,000,000 portfolio at the age of 28.\nGlenn and Garrett discuss:\nFlipping houses\nThe BRRRR Method\nTypes of financing - private money, national banks, local banks, and credit unions\nInfinite banking\nVelocity banking \nUsing HELOCs, LLCs, and promissory notes to invest \nLien positions\nReal estate waterfalls\nPark owned vs. tenant owned mobile homes\nPricing mobile home rentals\nSettings standards with tenants\nSingle home properties vs. mobile home park properties\nStacking property deals\nBuilding credibility with lenders and brokers\nThe importance of having control of your business\nPrice, speed, and convenience in financing\nEpisode Links:\nX (formerly Twitter):@GarrettTerrell_\nInstagram: @Garrett_Terrell\nFacebook: https://www.facebook.com/garrett.terrell.5\nLinkedIn: https://www.linkedin.com/in/garrett-terrell-6b3b2718b/\nYouTube: www.youtube.com/c/GarrettTerrell\n \nhttps://garrettterrell.com/\nhttps://rocketcapital.fund/\nGarrett@terrellhomegroup.com\n \nBecoming Your Own Banker by R. Nelson Nash\n------------------------\nTHE MILLIONAIRE JOURNEY\nwww.themillionairejourney.net\nhttps://www.verticalequityproperties.com/\nX...","thumbnail_url":"https://img.transistorcdn.com/poMURXA4VnyYzengdntjVD1C6yPBkwnyTw02C7dqJPY/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS85YzZj/MDk5MDVlOWM0ZGFi/MTJiNzBkODcwMGUx/MTA4My5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}