All Forum Posts by: Seth Ferguson

To get any sort of scale, you need to start building joint venture relationships. With capital partners, your growth potential is limitless. It sounds like you have a track record. Leverage that to educate others how they can benefit from working with you. 

If I'm following, you want to use $17k to paydown the debt, then refinance, to get $260/mo additional cash flow?

I'd much rather put that capital to work in another property...you mention your income will replenish it shortly. That's $34k in a few months. Buy another property instead.

You'll want to analyze the drivers in the area and other relevant stats. If it's a quaint town with lots of for sale signs and a high absorption rate, you have to ask yourself why you want to buy into that market. If it's just the sticker price of the property, move on.

A lawyer will create the documents for you. What often happens is the vendor and purchaser will come to an agreement on the basic terms, like price, deposit, closing, conditions, etc., create a letter of undertaking, then give it to their lawyer to draft the final contract.

You'll likely end up at a discount brokerage. If I'm hiring you, I expect you to produce. If production isn't your goal, it doesn't make sense for me to spend any money or time on you. You would bring no value to the brokerage.

Most discount operations will take anyone with a pulse. Their model is different, and works on volume and monthly fees.

@Dan Pearson The only thing that matters is taking action right now. Do something...today.

The blogs and magazines won't make you pick up the phone, make the calls, and get something going.

Choose a niche today and go with it. You've done enough reading. What's going to matter for your first is deal actually doing it.

Think of it this way...in the Spring you have more buyers, but more competing listings. If someone's looking at houses over the holidays they're pretty serious and you have less competition. As long as pricing and exposure is good, you can sell a house for top value at any time.

@Dalton Johnson Generally, people would be talking about the city as a whole, but every place has good and bad neighborhoods. Real estate is hyper local. Start with the MSA statistics then work your way to neighborhood stats.

@Antonio Figueroa Use the dead time to create content and pump it out. Videos, photos, etc. You'll be surprised at how many people you know are interested in what you're doing. This will plant the seed for later conversations as you grow.

I concur with Trevor.