All Forum Posts by: Mark Ferguson

 Just like any commodity, you can't get emotionally attached to anything (keep that Diablo though!). There's a need for a particular type of car in Colorado, whereas other local states don't necessarily care for and vice versa. On a small scale, find a make and model that you know will do well here and you're comfortable learning about. Then start searching CL or Autotrader for that car, but I've found summer is generally better for this 'arbitrage' type of dealing.

Obviously once you have your dealer license, it becomes much easier. You'll have access to auctions and discounted freight. 

@Mark Ferguson. Love what you've done/are doing. I'm a car junkie, and have been making some money in that game since college. I'm up to 2 rentals, and am about to pick up a 3rd ASAP. My goal is 2-3 more in 2016. 

Would you say that the growth is exponential at a certain point? IE: X number of rental properties/flips, X in free cash flow, etc?

Thanks!

Kevin

This is an encouraging post! I am in Grand Junction on the west side of the mountains from you. I am constantly looking around and seeing properties, not listed, that I think would be great investments for rehabs for flips or rentals. I am looking get into my first house so lots of research at this point. You mentioned you purchase mostly through mls. Have you ever approached home owners or have any ten members that search for run down homes to talk to owners? Wondering about the effectiveness of this strategy.

@Mark Ferguson  Very well done and I think a lot of take aways for those that want to build a successful career.

GET a Re license so you can get into the business and have MLS access. Build a team, never know when team members feed you deals.

take advantage of flip opps to create cash..

Buy rentals is you want to be in the rental business

Enjoy the fruits of your labor.. !!!

Now don't go chasing rainbows !!!  you have done well on your home turf !!

Are your rentals SFH or MFH? Lo1 oking to buy my 1st rental in 2016. Just wondering if MFH is less risky. Would appreciate any insight you could share.

Hello all! I'm new to this but it's great to see someone who is successful. Surrounding oneself with success is one of the best ways to be successful and I hope I can absorb as much experience and positivity here as possible. 

Thanks for being bold and for chasing your dreams, Mark. Your example is a great influence to others and helps us believe in ourselves because someone else is doing what we want to do. 

big time congrats

@Mark Ferguson

Where do u see the Denver market going in 2016?  I know you are not in the midst of it but curious.

Good work sir!  I'm with you on the projection for colorado prices, they wont go down for a long time.

I'll be looking out of state soon for rentals as well, I totally am with you on that front.

@Mark Ferguson sounds like a good year! For 2015 I am up 8 rentals and have 13 more in the hopper, not looking like they will close this month, so I may have to chock them up to 2016.