#05: Making the Big Move - Single to Multis with Seth Ferguson
May 06, 2019
It's no secret that if you want to build massive wealth one of the easiest ways to do it is through multifamily investing. Today's guest, Seth Ferguson had been investing in single family home but learned that if your tenant moves out you no longer have an income stream until you find your next tenant. Whereas with multifamily investing you have multiple streams of income to help minimize the loss from a vacancy. Seth will walk you through how he went from investing in single family home to multifamily properties.
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Making the Big Move - Single to Multis
Before Seth started as a real estate investor, he was on the brokerage side as an agent. Seth quickly learned as an agent that when you're not brokering the deal, you're not acquiring the asset. With this knowledge, Seth wanted to start buying properties himself.
When doing a deep dive into the world of real estate investing, Seth learned the power of leverage. He started doing deals in Toronto but hit a plateau with where he was as an investor. This is when Seth made the choice to transition from a single family to multifamily investor.
In this episode we cover:
- Why Seth looks for C+ to B- properties
- How to find partners who will take you to the next level
- Why the easiest role in a partnership is money raising
- Why the deals come from person to person interaction → being consistent when building relationships
- Why you need to know why you’re investing → need to have an end goal
Connect with Seth:
Links mentioned in the show:
2019 Viewpoint Report from IRR
Marcus Millichap Annual Report
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