Archive for November, 2015

How Scott Made 11K in Less Than 40 days with NO Money and NO Credit

Scott Ulmer wanted us to share a short video with you highlighting a deal that he put together using his ABLE Strategy. In this video Scott will discuss the numbers and the details showing you the process from contract to closing. He cleared $11K in profit on a lower price point home in a short period of time. His ABLE System will work in any market at any price point. Check it out…

Be one of few to take advantage of this 2 Day ABLE Mentoring Crash Course. If you’ve been frustrated and unable to connect the dots with your real estate investing, then this training is exactly what you need. Read more about the ABLE Crash Course. Also checkout the upcoming Teleseminar on Wed, December 2nd, 2015 at 7PM to learn more about the ABLE System.

Episode 10: Competition, Smompetition. Buy Houses on the MLS Anyway w/Mark Ferguson

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Show Notes

Mark Ferguson fixes and flips 10 to 15 houses a year and owns 15 long-term rentals. His grand plan is to purchase 100 rental properties by January 2023.

Mark tells us about how he got started working with his dad, who is a Realtor and house flipper.

In this episode, Mark shares his strategies for competing for properties on the MLS. Key points include:

  • checking for new listings multiple times a day
  • getting out to see each house and make an offer within hours
  • have assistant in his office draw up the offer contract and send it to him to docusign and then forward to the listing agent

He was also gracious enough to share his strategies on making his offers stand out by making them stronger. Some of them include, increasing the amount of earnest money, remove any contingencies (including the inspection contingency) and offering to close quickly.

Mark is smart because, even though his market is crazy hot right now as it is in many other places around the country, he has kept to his buying criteria. Others stray from their buying criteria and start to offer more for houses in order to get more deals. These are the same people that end up going broke when the market changes.

A super interesting part of the episode is when Mark shares about a couple deals he lost money on. One was because he decided to try and do the rehab work himself and the other was a situation I had never heard of before. Listen to the episode to hear about that one. It’s definitely worth it!

Read more about Mark’s plan to purchase 100 rental properties by January 2023 by clicking on the link in the links section below.

Recommended Books

Third Circle Theory: Purpose Through Observation

Links

InvestFourMore.com

Mark’s plan to purchase 100 rental properties

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The post Episode 10: Competition, Smompetition. Buy Houses on the MLS Anyway w/Mark Ferguson appeared first on Flipping Junkie.

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