25 - Wobbly Boxes: Andy Teasley's Journey Through Mobile Homes and Creative Finance
In this insightful podcast episode, Rich Rice welcomes Andy Teasley, a creative finance expert and California native. Andy's expertise lies in mobile homes, or as he affectionately calls them, 'wobbly boxes.' Delve into Andy's transition from stick-built homes to mobile homes, his resilient strategies during the 2008 market crash, and his journey through various entrepreneurial ventures, including a successful holiday decorating business, Carnival Business and Restaurant.
Discover Andy's involvement in exchanging, influenced by mentors like Jimmy Napier, and his commitment to continuous learning, drawing inspiration from Pete Fortunato's unique educational approach. The conversation touches on valuable insights about financial calculators, the perception of time, and the significance of owning one's mistakes.
Explore the impact of reputation in real estate, lessons from past financial decisions, and the positive effects of community growth in the real estate market. Learn about upcoming Zoom classes on financial calculators and mobile home flipping, success stories from Andy's students, and the effectiveness of weekly exchange meetings.
Join the discussion on the evolution of exchange meetings, from catering to beginners to attracting seasoned investors. Rich expresses gratitude for the impact of these meetings in creating a platform for diverse investors. Don't miss out on this seasoned conversation about real estate, entrepreneurship, and the power of continuous learning.
00:25: Meet Andy Teasley: California Native & Finance Wizard
05:26: Buying Houses in Southern California for $12-14,000 in 2009-2010
11:46: The Catalyst of His Mobile Home Business
13:19: Dad teaching Him a Drive for Ownership
21:28: Involvement in Exchange Meeting
22:30: Always Be Learning: Regular Participation in Real Estate Classes
25:11: Reflection on the Value of Criticism from Pete Fortunato
32:33: Don't sell properties prematurely for short-term gains
40:22: If you win every offer, you're offering too much
41:30: Obtain a Level of Comradery: Be Genuine
46:19: Free weekly "What If" newsletter
57:30: Most Active Club in SoCal!
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"FIREchat" is hosted by Rich Rice, a seasoned real estate investor, proud owner of IEREIC, and the founder of the FIRE Center. Beyond hosting intriguing discussions and diving into real estate, Rich enjoys travel, bowling, and culinary adventures.
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