Unlock the secrets to achieving financial freedom with Corey Harelson, the brain behind Freedom Investing Group, as he shares his transformative journey from a grueling career as a structural engineer to thriving in the world of real estate investment. Discover how a pivotal moment in 2015 propelled Corey to seek a balance between work and life, leading him to uncover the underappreciated potential of mobile home parks. Corey breaks down the unique advantages of these investments, especially their affordability and resilience, comparing them to multifamily housing options.
Dive deep into the long-term benefits of mobile home park investments, where Corey elaborates on strategies like cash-out refinancing and adding extra units to boost equity. Gain insights into why these assets provide unparalleled stability, even in economic downturns, making them perfect for indefinite holds. Corey also illustrates how transitioning from 506B to 506C offerings can attract a broader pool of investors, including both accredited and non-accredited individuals. Learn about acquiring undervalued parks from long-term owners and the significant value-creation opportunities they offer.
Explore the importance of a resilient mindset in both athletics and real estate through Corey's captivating personal stories. Hear about his ultra-running and Ironman experiences, which have shaped his approach to overcoming investment challenges. Corey recounts a near-disastrous investment and the crucial lessons learned from it, emphasizing thorough preparation and the value of building strong relationships. This episode is packed with practical advice and real-life examples aimed at helping you navigate and succeed in the world of real estate investment.
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