Creative financing is an often overlooked tactic for acquiring a property. It requires taking a look at what the seller really wants and needs and developing an offer that fits the seller’s situation to a tee. This is how Edwin Byler went from 1 unit to 58 units quite quickly.

After successfully flipping his first home, he decided to throw the profits into a rental property. For the first month, everything was going well, then the tenant stopped paying. After 6 months of no rent payments, Ed had to make the tough decision to evict the tenant.

Now with some experience under his belt, Ed was ready to take on bigger deals. Thankfully he was friends with an older gentleman who was looking to offload a 6unit mobile home park, and Ed turned out to be the perfect buyer. He acquired the park with 20% down over a 15year amortization schedule and ended up DOUBLING the park's revenue with some simple valueadd.

Now, he’s taking on a 51unit mobile park with his brother as a partner. Did we mention he’s acquiring this property with no money down and paying 0% interest? If you’re wondering how he did it, take a listen to Ed’s story!

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Join the Real Estate Rookie Facebook Group:
  / realestaterookie  
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Will Mobile Home Parks Be the Hottest Real Estate Investment of 2021?
https://www.biggerpockets.com/blog/mo...
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The Definitive Guide to Using Seller Financing to Buy Real Estate:
https://www.biggerpockets.com/blog/20...
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Follow Edwin on Instagram::
@edwin_byler or   / edwin_byler  
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Follow Ashley and Tony on Instagram:
@wealthfromrentals or   / wealthfromrentals  
@tonyjrobinson or   / tonyjrobinson  

Episode 99

Show notes at: https://www.biggerpockets.com/rookie99

0:00 Intro
5:13 Welcome Ed!
6:09 First Flip & Growing the Portfolio
10:09 His First Solo Deal
15:57 Hiccups with the First Rental
18:10 From Single Family to Mobile Home Parks
27:47 Challenges When Scaling
30:56 Purchasing a 51Unit Mobile Home Park
42:50 The Mindset Segment
44:56 Rookie Request Line
48:22 Random Questions
53:14 Rookie Rockstar