In this video from Fargo Talks , Mark Pattison, founder of PorchLight Realty brokered by eXp Realty in San Diego, California, drops nuggets of wisdom for new real estate agents. Instead of splurging on luxury items like a Mercedes, he suggests investing in properties such as a duplex. This savvy strategy allows you to reside in one unit and rent the other, building an additional income stream. The real kicker? Rinse and repeat this process with more properties to continuously increase your passive income.
Mark also shares his own success story, turning a $600k triplex into a whopping $1.2 million asset. The best part of his journey – he's never lost on any deal or even a property flip, a testament to his skill and strategy in the real estate market. If you're seeking insights to escalate your real estate career, this clip is your go-to resource.
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