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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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.
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