InvestFourMore Real Estate Podcast
About This Show
The InvestFourMore Real Estate Podcast is hosted by Mark Ferguson, a successful real estate agent and investor. Mark owns 16 rentals, flips 10 to 15 homes a year, and runs a real estate sales team of ten. Mark also created Investfourmore.com, a real estate blog that gives advice and chronicles his investing.
On the podcast Mark interviews successful investors, successful agents, and many other people who are in the real estate business. Mark also does solo shows where he goes in-depth on his own real estate investing and strategies like switching his focus from Colorado for rental properties to Florida. Mark also interviews new and beginning investors. This practice allows a new investor to get direct advice on how to get started, how to overcome roadblocks and helps the listeners as well.
Mark has been featured on the Washington Post, Time, Yahoo, Zillow, Realtor.com, Huffington Post, and many more major media outlets. Mark has written multiple best-selling paperback and Kindle books and loves hearing from his listeners and readers.
Most Recent Episode
127 My Worst House Flipping Stories
5 days ago
Over the years, I have had a number of great house flips, but I have had some bad ones as well. I have made some big mistakes, and I have also had some uncontrollable issues come up that cost me a lot of money. While I never like to lose money on flips, I always learn something that can help my business in the future. On this episode of the InvestFourMore Real Estate Podcast, I talk about my worst flipping experiences, what I learned from them, and how they helped my business. How risky is house flipping? I have flipped over 130 houses and will come close to flipping 30 this year alone. With all of those flips, I think I have lost money on fewer than 5 houses. In fact, on a couple houses, I lost less than a couple thousand dollars. While house flipping can seem very risky, if you know what you are doing it can be a great business to be in. I average about $30,000 in profit on each of my flips, but you have to know your numbers very well. I think most people get into trouble with flips because they: Overestimate what their house will be worth once it is fixed up. Over-improve the house for the neighborhood. Underestimate how long a flip will take. Underestimate the total of all costs. If you know all your numbers, you will do just fine on your flips 95% of the time. What are the biggest lessons I have learned from flipping houses? Over the years, I have learned many things, mostly because of mistakes I have made. Those lessons have helped me flip more and more houses while reducing stress and making more money. Here are the biggest lessons I have learned: I do not do any of the work myself. I used to think I would save money by painting or doing other work. I was wrong! It took me longer to do the work than a professional, and it took time away from other activities I could be doing that would make me much more money.