How to Build Passive Income Rehabbing Mobile Homes with Danny Burbol

Road to Family Freedom

English - August 26, 2019 17:00 - 1 hour - 68.4 MB - ★★★★★ - 27 ratings
Investing Business business investing realestate financialfreedom realestateinvesting firemovement flipping invest property rental Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Value Add Multifamily and Student Housing with Jeff Greenberg

Next Episode: Recession-Proof Real Estate with Hunter Thompson

Danny Burbol – Company Owner of MoveFastLV.com and Head Instructor at GrowWealthWithin.com, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Danny made the transition from being a 9-5 employee to living full-time off of passive income at age 38 with real estate, after 13+ years of self-education, risk-taking, and investing for cash flow. Danny talks about his training business to build up investors he can partner with, doubling his investment portfolio, and also tips on gaining reliable mentorship.

Three Key Take-Aways from this Episode

Within two years of investing in mobile homes, Danny went from having $1,500 cash flow from five real estate units to having $7,000 a month cash flow from all the mortgages he was creating with mobile homes.Owner Will Carry means that you get to be the bank and become a lien holder for those looking for a mortgage loan and they become the owner.Whatever deal you do, if one person is going to lose, don’t do it.

What you’ll learn about in this episode

Danny Burbol discusses his history in real estate. What is the vehicle that allowed Danny to stop working a 9-5 job? How does Danny make money from mobile homes? How did Danny get educated? Why does Danny deal with ‘double-wide’ mobile homes? Paying a mentor is a scary concept, so if you can, pay for results. Was there any mobile home investing books that he learned from?Borrowing money costs money. Owning a mortgage note is a depreciating investment. What is a day in the life like in acquisition mode? Making a checklist is crucial. What advice would Danny give to mobile home investors? What were the takeaways that Neil and Brittany gained from Danny Burbol?

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Connect with Danny:

Email: [email protected]Website: Grow Wealth WithinLinkedIn: Danny Burbol

*FTC Disclosure: This post may contain affiliate links. If you make a purchase after clicking on the links, Road to Family Freedom will get a small commission. We are dedicated to finding the coolest products for families looking to building financial freedom through real estate and we never recommend anything that we don’t love.