Listen "10: Competition, Smompetition. Buy Houses on the MLS Anyway w/Mark Ferguson"
Episode Synopsis
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.
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.
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226: Why You Need a CRM
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225: 5 Ways Leads Are Wasted
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224: How To Win During Market Shift
01/12/2022
222: Waiting Too Long To Hire
31/05/2022
221: Be Proactive: Talk To People
16/05/2022
220: Transitioning To Work On The Business
10/05/2022
219: Active Listening To Close More Deals
02/05/2022
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