Lately, the shows and interviews I’ve been doing have been focusing on decreasing your expenses and increasing your income. When we make improvement in these two areas, it’ll allow us to become experts in increasing our net worth and our opportunities for financial independence. Today, we’re diving into increasing your income through real estate.
I had a chance to speak with an expert real estate investor named Mark Ferguson the other day. Mark currently owns 14 rental properties that provide him with $7,000 per month in passive income. He’s also spent the last decade and a half flipping over 120 houses and selling over 1,000 homes as a real estate agent. He now manages a team of 10 that focus on growing and maintaining the overall real estate portfolio.
Now all of those impressive numbers may sound intimidating, but when Mark started out he had just one house, a very tight income and he made a lot of mistakes. That’s how we learn. That’s the path to becoming an expert.
Mark’s hard work over the years and his professional team allow him to work less than 40 hours per week so he can be a good husband and father to his 5-year old twins AND play golf at least once a week.
What are we covering today?
In our interview together, Mark and I discuss:
- His entrepreneurial story
- How he scaled his business from 1 to 14 rentals
- The ins and outs of flipping and rental real estate
- How people can buy homes 20% below market value
If you’re interested in how you can make money through real estate whether it is flipping, selling or renting, take the next 30 minutes and listen to this interview with Mark Ferguson. His entrepreneurial story is inspiring and motivating.
Carpe Diem Quote
“The key to financial freedom and great wealth is a person’s ability or skill to convert earned income into passive income.” -Robert Kiyosaki
Real estate and business books discussed during the show:
- Rich Dad, Poor Dad by Robert Kiyosaki
- Millionaire Real Estate Investor by Gary Keller
- Millionaire Real Estate Agent by Gary Keller
- Third Circle Theory by Pejman Ghadimi
- Millionaire Fast Lane by MJ DeMarco
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Guest Bio: Mark Ferguson
Mark Ferguson runs a real estate team of 10 that has sold close to 200 homes each of the last three years. He fixes and flips 10-20 homes a year and he owns 14 long-term rentals. He's a top-selling real estate book author on Amazon. He loves real estate and investing because of the money you can make and the freedom running your own business brings. He also love big goals and one of those goals is his plan to buy 100 rental properties by January 2023.
I like that you said that you spoke with a professional. If I was going to invest in real estate I would want to make sure I was doing everything correctly. I’ll need to do some research so that I can find someone who is able to help me professionally.
Yes! Mark was extremely professional. He’s been at it for quite a while and even learned a ton from his father as well. If you’re getting into real estate investing or flipping, I’d highly recommend getting a great real estate agent to support you. Thanks for the comment John!