All Forum Posts by: Mark Ferguson

 Hmmmm that is a good reason to have a carwash lol. Did you see my latest? 

 Thanks for the mention!

I have not posted on here much as I have been super busy lately. But, I have reached a few major goals this year already. One of those goals was starting my own real estate brokerage. 

On Friday we opened Blue Steel Real Estate. I had been at Pro Realty In Greeley Co for 15 plus years. My team and I moved over a little quicker than  planned, but it has been super fun and exciting. It all started when I bought a 68k square foot commercial property with a partner. The space had two vacant units. I decided to start a brokerage in one of those spaces. I was then asked to leave my current brokerage a little early so we moved into the other vacant unit until the permanent location is renovated. 

The name came from my blue Lambo and Lotus, my love for Zoolander, and my love for blue polo's. It fits me perfect. It has been a bit stressful, but really exciting as well. We have 4,500 square feet in our new space and I plan to make it awesome. 

I have a ton of videos articles and pictures on my blog if anyone is interested. I also want to start up an investor meetup and maybe even a cars and coffee soon.  

 Sorry for the late reply I was on vacation. I am not that familiar with Ohio. Even though I have a property there. lol

I just closed on a 68,000 square foot building which we bought for 2.1 million dollars. You can see all the details here. https://investfourmore.com/2018/02/05/commercial-r...

 The best thing to do is start registering yourself with as many companies as you can. Start doing as many bpos as you can. Usually you can register yourself as the point of contact, but the broker is the main agent with the bank. With most BPO companies you can register directly as the agent. 

I was selling over 200 REOs a year after the crash. Last year I sold 1! Haha, the market has changed slightly here. It actually makes it a good time to get into REO because there is less competition. It is not easy and it will take time to get in with banks. You can usually do BPOs right away though.

I would talk to your broker as most banks want the broker to register and not the agent. If there is already another REO agent in your office it can be really tough to gain headway as that agent will not want competition. Joining an REO team can help, but they could also require you to sign a non compete agreement which I did. You don't want to train someone to help your team and then have them try to take your clients away.

 Single family rentals. You can actually see them all on my blog. 

It is really tough to find cash flow in the area right now. I switched to commercial.

 Nope, just that one. Just kidding!

How to win friends and influence people, has some great stuff on how to act and talk to people. That is a huge part of negotiating.