Mark Ferguson says HUD pays Bills Flips to Make Bank (CFFL 0179)

Mark Ferguson says HUD pays Bills Flips to Make Bank Jack Butala: Mark Ferguson says HUD pays Bills Flips to Make Bank. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Jill DeWit: Jill DeWit here for the Cash Flow From Land Show. Today, we're going to speak with Mark Ferguson. I'm going to read Mark's bio just as he wrote because I really like it like this. "I have been a Realtor since 2001 and I have specialized in listing REO and HUD properties since 2008. I have a team of eight that help with all aspects of the REO process and our other real estate activities. Our team strives to provide the best service to our clients, buyers and co-op agents. We work with over 35 banks, asset management companies and hedge funds and we know every seller has a different process for selling home. We take pride in mastering each process in order to sell properties as quickly as possible with the highest net to the seller. Over the last three years we have sold over 500 homes. I am also an avid Real Estate Investor. I buy and sell 10-15 fix and flips a year and I own 10 long-term rentals. I am always looking for a great deal and love to fix up properties. I discuss my fix and flips, rental properties and real estate business in depth on my blog www.investfourmore.com. I have have been featured on Bigger Pockets, B2R and Zillow!" Welcome, Mark. Mark Ferguson: Hey. Thank you for having me. I appreciate being on this show. Jack Butala: That's all cool, but what's really cool about you is that you live in Greeley, Colorado. Mark Ferguson: That's right. I do. Jack Butala: We live in a dusty desert, and it's really beautiful up there. I've been there. Mark Ferguson: No. I love it here. Yup. Actually, my bio, I should update that. I'm up to 16 rental properties now. Jill DeWit: Ooh. Nice. Hey. How far is Greeley from Estes Park? I'm trying to remember. Mark Ferguson: It is about 50 miles straight east of Estes Park. Jill DeWit: Yeah. Okay. Mark Ferguson: Yup. We're on the plains so you drive down the canyon for about 15 miles east of the foothills there. Completely different climates but not that far away. Jill DeWit: Got it. That's [cool 00:02:08]. You can get to the mountains really quickly. I'm sure you probably do some skiing up there, I hope. Mark Ferguson: I do snowboard once in a while but with the family, and work, I don't get up there as much as I should. Jack Butala: How the heck did you get in this crazy business, man? Mark Ferguson: Actually, I kind of fell into it. I graduated from the University of Colorado at Boulder and had a degree in finance. I kind of, sort of was looking for a finance job because I wanted to make a lot of money, and in my youth I thought, "Hey. Finance equals money," but I couldn't find one that paid me enough so I thought, "I'll just work part time for my father," who was a real estate agent. That turned into full time and lo and behold, here I am. Jack Butala: Wow. We talk to a lot of people on the air and off the air and a lot them started in real estate by accident and just stuck with it because they loved it. Mark Ferguson: Yeah, and I grew up with it my whole life, and I always said, "I'm never going to be in real estate. I don't want to have any part in it," but once I got into it, compared it to my other options, I am really glad I got into real estate. Jill DeWit: Ralphy, right? Mark Ferguson: Yes. Yup. Jill DeWit: Thank you very much. Mark Ferguson: The buffalo? Jill DeWit: Yes. Mark Ferguson: That's good. Jill DeWit: I have a good friend that went to school there so that's school.