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    About this Episode

    In recent years, mobile homes have emerged as a unique and lucrative investment opportunity, offering recession-resistant assets with lower property taxes and less competition.

    In this episode, Adrian Smude, a real estate investor specializing in owning both land and individual mobile homes, shares his successful business model of renting out affordable housing. Throughout the conversation, Adrian offers valuable insights into finding leads, evaluating rehab costs, and complying with regulations when originating loans for mobile homes. 

    Learn some practical advice to enter the mobile home market and achieve financial independence on your own terms. 

    Key Points From This Episode:  

    • Peek into Adrian's Real Estate Investing path

    • Finding leads for mobile home investments

    • Evaluating mobile homes based on cash flow, land value, and rehab costs

    • Compliance with regulations when originating loans for mobile homes

    • Real estate investment strategies in mobile homes

    • Creating systems and processes to do it yourself at scale

    • Using leverage for growth and diversification

    • Self-directed IRAs and solo 401Ks for private money lending

    • Tax optimization strategies for real estate investment

    • Treating LLCs as businesses to protect liability and commingling funds

     

    Follow Adrian Smude

     

    About Adrian Smude

    Adrian started his real estate career in 2002. He attributes much of his success to his passion for lifelong learning, which has led him to continue education courses and fostered relationships with respected mentors. He implemented what he learned, took action, and now has a successful business that fits his personality and lifestyle. 

    Through sharing his ideas, success, and failures Adrian hopes to inspire YOU to take action and create a life pursuant to your passions! Although Adrian has invested in notes, single family homes, mobile homes in parks, and wholesaled properties, Adrian settled in the niche of Mobile Homes with land. He has also created a great system to allow him to live his vision of being geographically free!

    Adrian is passionate about teaching to ensure the knowledge from his mentors is passed on.  He also wants everyone to have the life they dream of. Adrian’s goals are to educate and inspire you to take ACTION!

     

    Join the Community

    I'd love to hear your comments and questions about this episode. Here are some great ways to stay in touch or get involved in the My Freedom Foundry Community!

     

     

    If you like what you hear, please subscribe and leave a rating or review!

     

    Recent Episodes from The Wake Up Call

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    Description: 

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    Description: 

    Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy.

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    • Seek to find purpose beyond money for true life fulfillment, but leverage financial education and coaching to enable personal growth

     

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    About Today’s Guest:

    Scott Smith is a new breed of real estate attorney who brings a fresh perspective to asset protection strategies. As the founder of Royal Legal Solutions, Scott has pioneered an approach to securing real estate investments and other assets that breaks from tradition.

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    Description:

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    1. Start Early: Childhood experiences and early financial goals can shape long-term financial independence aspirations.
    2. Unconventional Strategies: Creative housing hacks and leveraging per diem benefits can accelerate savings and investment opportunities.
    3. Diversification: Building a diversified investment portfolio, including real estate, stocks, and alternative investments, helps mitigate risks and optimize returns.
    4. Tax Optimization: Understanding tax strategies, such as cost segregation, bonus depreciation, and tax loss harvesting, can significantly reduce tax burdens and enhance cash flow.
    5. Empowering Women: Empowering women with financial education and resources enables them to break free from societal constraints, pursue financial independence, and contribute to economic empowerment and gender equality.

     

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    • LinkedIn | https://www.linkedin.com/in/paulthompson-onecallcapital/

    • Website | https://pauldavidthompson.com

    • Tiktok | https://www.tiktok.com/@pauldavidthompson

     

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    3. If you're ready to take action now, let's hop on a CALL now!



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    236: Real Estate Revolution with Virtual Assistants and Strategic Acumen with Bob LaChance

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    Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. 

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    1. Virtual assistants play a vital role beyond administrative tasks.
    2. Commonly outsourced tasks in real estate, like lead generation and admin responsibilities, are efficiently handled by virtual assistants, offering a valuable resource for investors.
    3. Hiring reliable virtual assistants is challenging, but Bob shared insights into a rigorous hiring process. Outsourcing to specialized third parties can be beneficial.
    4. Investors should understand their niche and seek virtual assistants accordingly, avoiding the expectation of them running the entire business. Due diligence is advised in selecting virtual assistant companies.
    5. Bob's decision to invest in properties for tax relief is highlighted. Positive cash flow and long-term property holding are emphasized, acknowledging challenges like property management and the need for virtual assistants.

     

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    • LinkedIn | https://www.linkedin.com/in/paulthompson-onecallcapital/

    • Website | https://pauldavidthompson.com

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    I want to help you achieve financial and personal freedom.

    1. Check out THIS link for some valuable resources

    2. Click for a FREE WEBINAR to learn about your 12% ROI.

    3. If you're ready to take action now, let's hop on a CALL now!



    About Today’s Guest:

    Bob Lachance, a respected national speaker and mentor, specializes in business growth through strategic automation and outsourcing. With leadership in four enterprises, he played a key role in launching a major real estate coaching program. Originally from Bristol, CT, Bob began as a standout ice hockey player at Boston University, contributing to their 1995 National Championship.

    Despite being two classes shy of graduation, Bob left academia for an eight-year professional hockey career in the US and Europe. At 30, transitioning from hockey, he self-educated in real estate, completing over 1,500 transactions since his first property in 2004.

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    Description:

    Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. 

    Join Paul and Mike in this engaging episode where they delve into their unexpected journey from discussing AI applications to sharing their personal experiences in entrepreneurship, particularly with Cutco kitchen knives. 

    Discover how their shift to virtual operations transformed their small business, leading to significant success during the challenging times of the Covid pandemic. Gain valuable insights into automation, delegation, and restructuring strategies that have not only enhanced productivity but also allowed them to recoup precious time. From practical investment strategies to leveraging AI tools, this podcast covers a range of topics to inspire and guide entrepreneurs on their journey.

    Key Takeaways:

    1. Cutco Triumph: Mike's journey selling $19.5 million in Cutco knives teaches the power of effective sales and training strategies for business success.

    2. Virtual Triumph: Shifting to virtual operations during Covid, recruiting 1,000+ people, and generating $2.5 million underscores the importance of adaptability, automation, and delegation in small businesses.

    3. Tech-Driven Success: The emphasis on technology, defining systems, and identifying high-value activities showcases how incorporating automation can boost business efficiency. A 90-day delegation plan offers a practical roadmap.

    4. Time Audit Wisdom: The concept of a time audit and strategic task categorization highlights the value of investing time wisely. Business investment for time recoup and reinvestment underlines smart growth strategies.

    5. Delegation and Accountability: Insights into effective delegation, business restructuring, and implementing accountability strategies provide a blueprint for streamlined operations. The 'RPM' method ensures effective meetings.

    6. Self-Improvement & Tech Integration: Emphasizing personal and professional self-improvement, coupled with integrating AI tools like Opus Clips and chatbots, underlines the importance of continuous innovation for professional growth.

    7. AI for Business Growth: Utilizing Chat Gpt, Oasiscom, and other AI tools for personalized communication, content creation, and delegation exemplifies the role of AI in enhancing sales and marketing efforts.

    8. Optimizing Tasks: Strategies for task optimization through tools like Loom and the introduction of a 90-day delegation plan with AI-powered virtual assistance highlight efficient task management and business growth.

     

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    • LinkedIn | https://www.linkedin.com/in/paulthompson-onecallcapital/

    • Website | https://pauldavidthompson.com

    • Tiktok | https://www.tiktok.com/@pauldavidthompson

     

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    www.PaulDavidThompson.com - Real estate resources, past episodes, and information on my mastermind
     

    I want to help you achieve financial and personal freedom.

    1. Check out THIS link for some valuable resources

    2. Click for a FREE WEBINAR to learn about your 12% ROI.

    3. If you're ready to take action now, let's hop on a CALL now!



    About Today’s Guest:

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    The Wake Up Call
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    234: From Island Dreams to Real Estate Schemes with Charles Rose Jr.

    234: From Island Dreams to Real Estate Schemes with Charles Rose Jr.

    Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. 

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    2. Charles's passion for helping others, developed through community service, has driven them to become a real estate coach, emphasizing problem-solving skills and active involvement in events.

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    4. Charles's approach to recognizing and supporting good initiatives, illustrated through heartfelt recommendations, has led to unexpected opportunities and leadership positions.

    5. Charles and Paul discuss the significance of showing support and offering help in relationships, emphasizing positive attitudes, and intentional connections for mutual benefit.

    6. Charles and Paul reflect on their post-graduation experiences, sharing frustrations with their career paths and emphasizing the importance of taking control of personal goals and not relying solely on companies.

     

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    • LinkedIn | https://www.linkedin.com/in/paulthompson-onecallcapital/

    • Website | https://pauldavidthompson.com

    • Tiktok | https://www.tiktok.com/@pauldavidthompson

     

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    Coupon Code 're101'
     
     
    www.PaulDavidThompson.com - Real estate resources, past episodes, and information on my mastermind
     

    I want to help you achieve financial and personal freedom.

    1. Check out THIS link for some valuable resources

    2. Click for a FREE WEBINAR to learn about your 12% ROI.

    3. If you're ready to take action now, let's hop on a CALL now!



    About Today’s Guest:

    Meet our inspiring guest host Charles Rose Jr. whose mantra is, "It’s not about my story, it’s about the next story!" With an unwavering commitment to empowering young minds, our host envisions a world where dreams are not just aspirations but attainable realities. Their passion for making a positive impact has led to the establishment of a worldwide scholarship and mentoring organization.

    Recipient of the prestigious Blythe Construction President’s Award, our guest host is acknowledged for exceptional vision, leadership, and excellence. Their initiative, the Blythe Emerging-Leaders Network (BEN), a beacon of leadership, professional development, and community service, has evolved into Eurovia USA, leaving a lasting impact across multiple locations.

    Join us as we explore the experiences and insights of this remarkable individual, dedicated to shaping a brighter future for aspiring leaders and dreamers.

    The Wake Up Call
    enJanuary 23, 2024

    233: Flipping the Future with Scott Jelinek

    233: Flipping the Future with Scott Jelinek

    233: Flipping the Future with Scott Jelinek

     

    Description:

    Join Scott and Paul in a candid conversation about personal backgrounds and business experiences that paved the way for their unique approach to real estate. Beginning with their diverse journeys, the discussion unfolds into Scott's real estate evolution, from the 1994 investment to the 2007 crash and the valuable lessons learned. 

    The duo explores the groundbreaking 'Slow Flip' strategy, a distinctive investment approach using short-term private financing and long-term sales for maximum profits. Delve into the 5-year amortization strategy, the power of the cash flow snowball, and Scott's unconventional yet effective property financing and management strategies. Gain insights into the financial implications of real estate strategies and discover Scott's future-focused approach, highlighted in his book, "The Art of the Slow Flip."

    Key Takeaways:

    • Uncover the evolution of Scott's real estate journey, from losses to lessons, and the pivotal shift towards owning properties outright.

    • Explore the 'Slow Flip' strategy, a unique approach involving short-term financing and long-term sales for sustained profits in the real estate market.

    • Learn about the 5-year amortization strategy, the cash flow snowball, and unconventional yet successful property financing and management methods.

    • Gain insights into the financial implications of real estate strategies, with a focus on creating equity and long-term wealth.

    • Discover Scott's future planning philosophy, emphasizing the importance of considering the future while making present decisions.

     

    Follow Paul Thompson

    • LinkedIn | https://www.linkedin.com/in/paulthompson-onecallcapital/

    • Website | https://pauldavidthompson.com

    • Tiktok | https://www.tiktok.com/@pauldavidthompson



     

    Resources:

    Scott@UglyScott.com - Scott’s Email

    SlowFlips.com - Scott’s website

    www.PaulDavidThompson.com - Real estate resources, past episodes, and information on my mastermind

     

    I want to help you achieve financial and personal freedom.

    1. Check out THIS link for some valuable resources

    2. Click for a FREE WEBINAR to learn about your 12% ROI.

    3. If you're ready to take action now, let's hop on a CALL now!



    About Today’s Guest:

    Scott Jelinek, a seasoned entrepreneur, and real estate expert with three decades of industry experience, started his entrepreneurial journey at just fifteen. After military service, he ventured into real estate, completing over 800 deals and establishing himself as a distinguished leader.

    Central to Scott's success is his innovative "slow flip" strategy, allowing him to own 158 houses, ensuring a steady monthly income sans typical landlord headaches. A pioneer in creative investing, Scott acquires houses without money or credit, shaping them into lucrative long-term investments.

    A fervent advocate of knowledge sharing, Scott imparts wisdom through seminars, coaching others to achieve financial goals in real estate. As a full-time investor, he mentors aspiring individuals, driven by a passion to empower others for financial freedom. Dive into Scott Jelinek's expertise, unraveling the vast opportunities within real estate.

     

    The Wake Up Call
    enJanuary 16, 2024

    232: Breaking Real Estate Boundaries with Nicolas Mertens

    232: Breaking Real Estate Boundaries with Nicolas Mertens

    Description:

    Embark on a riveting journey with Paul and Nick, as they break free from conventional thinking and delve into the world of real estate entrepreneurship. Nick shares his unique experience of navigating the European real estate market, starting from his roots in Belgium to strategically exploring opportunities in multifamily properties.

     

    Learn about Nick's epiphany moment while on vacation in South Africa, where he discovers the powerful mechanics of the BRRR strategy, adapts it to his European context, and leverages investor partnerships to maximize his capital. The conversation explores the challenges and triumphs of real estate entrepreneurship in a global context, providing insights that challenge traditional perspectives and inspire a lifestyle of financial freedom.

    Key Takeaways:

    • Gain a deep understanding of how core real estate principles transcend geographical boundaries, allowing entrepreneurs to apply successful strategies globally.
    • Explore Nick's journey from technology to real estate, revealing the mindset shift and strategic adaptations required to thrive in the European market.
    • Uncover the pivotal epiphany moment that led Nick to embrace the BRRR strategy, modify it for his region, and leverage investor partnerships for exponential growth.
    • Learn about the economic advantages and challenges of renovating identical apartments in multifamily buildings, providing insights into the unique dynamics of the European real estate landscape.
    • Discover the importance of timing and adaptability in real estate entrepreneurship, as Nick shares his experience of selling a portfolio at the peak of the market, showcasing the impact of strategic decision-making in the face of economic uncertainties.

     

    Follow Paul Thompson

    • LinkedIn | https://www.linkedin.com/in/paulthompson-onecallcapital/

    • Website | https://pauldavidthompson.com

    • Tiktok | https://www.tiktok.com/@pauldavidthompson



    Resources:

    https://www.mrtns.io/  Nicolas Mertens' Worry-Free Real Estate Investing website

    nick@mrtns.us     Nick's email

    www.PaulDavidThompson.com - Real estate resources, past episodes, and information on my mastermind

     

    I want to help you achieve financial and personal freedom.

    1. Check out THIS link for some valuable resources

    2. Click for a FREE WEBINAR to learn about your 12% ROI.

    3. If you're ready to take action now, let's hop on a CALL now!



    About Today’s Guest:

    Nick, a seasoned professional, has made his mark by successfully launching over 10 digital products and providing invaluable strategic counsel to corporate ventures. His expertise spans the entire entrepreneurial spectrum, from ideation and validation to flawless tactical execution.

    Nick emerges as the visionary founder of Worry-Free Real Estate Investing. This groundbreaking venture promises double-digit returns, backed by valuable real estate assets. By ingeniously transforming distressed properties into modern havens, Nick ensures investors enjoy unparalleled returns. Tune in as we unravel Nick's entrepreneurial insights and explore the innovative strategies that set him apart in the dynamic world of business.

    The Wake Up Call
    enJanuary 09, 2024