#173 Getting started as a debt-free mobile home real estate investor

Are you intrigued by real estate investing but tired of the same old approaches? Join us in this episode of the Money Mindset Podcast as we delve into the fascinating world of mobile home investing with a true expert, Rachel, author of "Adventures In Mobile Homes: How I Got Started In Mobile Home Investing and How You Can Too!". Discover why mobile home investing is a hidden gem in the real estate world, offering unique opportunities for generating passive income and building your wealth. Rachel's journey from single-family homes to mobile home investing offers valuable insights into the benefits, challenges, and strategies of this niche. Whether you're a seasoned investor or just starting out, this episode will inspire you to consider a whole new dimension of real estate. Meet Rachel! Rachel Hernandez is an author and real estate investor. As a former business-to-business sales executive for various Fortune 500 corporations, Rachel has extensive training in the area of sales and marketing. With over a decade of experience, she spent several years as a landlord before taking the leap to specializing in mobile home investing. Rachel Hernandez is the author of Adventures in Mobile Homes: How I Got Started in Mobile Home Investing and How You Can Too! and the Real Estate Investing Sucks series of books. Her advice has been featured in The Motley Fool, Forbes, GoBankingRates and several other real estate investing publications and podcasts. She is the #1 Writer for Mobile Homes on Quora. Find her at: www.adventuresinmobilehomes.com. “So the key is to just adjust. Just adjust, get started, learn as much as you can, take action. You know, make the mistakes that you do, learn from those mistakes and adjust and just keep moving forward.” - Rachel Hernandez Timestamps: 00:00 - Introduction to Rachel and her background 01:46 - Exploring the world of mobile home investing 03:08 - Meet Rachel 08:17 - Advantages of avoiding loans in real estate investing 14:52 - Understanding the true value of mobile home investments 16:18 - Debunking the myth of passive income 18:42 - Comparing mobile and single-family homes 22:36 - Tips for getting started in mobile home investing 24:50 - Balancing passive and active income streams in real estate 28:22 - Key advice for starting your real estate journey 29:50 - Book recommendation and valuable resources 31:48 - Final thoughts For easy step by step directions and worksheets on getting your budget together and done in 30 minutes a month, download my FREE Budget Starter Kit on www.budgetsmadeeasy.com/start And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes Book Recommendation: * Adventures In Mobile Homes: How I Got Started In Mobile Home Investing and How You Can Too! by Rachel Hernandez Resources and Links Mentioned: * Free Mobile Home Investing Course: http://www.adventuresinmobilehomes.com/freetrainingclass * Budget Starter Kit: www.budgetsmadeeasy.com/start Connect with Ashley: * Instagram: www.instagram.com/budgetsmadeeasy Connect with Jen: * Website: http://www.adventuresinmobilehomes.com * Twitter: http://www.twitter.com/mobilehomegurl * Instagram: http://www.instagram.com/mobilehomegurl Special Guest: Rachel Hernandez.