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Published: Jan. 29, 2016, 5:16 p.m.

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Ep\\xa0153 features Mark Gagner, the president of Bridge Equity Group, a company specializing in single family fix and flip project in Northern California. Listen as Nathan and Mark talk about how the latter\\u2019s company remodels properties and flips them for profit.

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3 Key Points:

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• Properties that come with challenges such as foundational issues are good targets for remodeling purposes, because they have less competition on the market.
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• Fix and flippers often get their deals through wholesale, but it\\u2019s also possible to sustain business through skilled agents.
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• One can fund their business like Mark through various means such as hard money loans, private money loans, and personal savings.
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Time Stamped Show Notes:

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• 01:00 \\u2013 Nathan\\u2019s introduction to today\\u2019s show
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• 01:43 \\u2013 Mark joins the show
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• 01:52 \\u2013 Gagner-Toomey Assoc. is a family run business Mark\\u2019s been running since 1999.
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• 02:28 \\u2013 The company trades about 2-4 million in electronic components every month and collects about 2-5% commission.
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• 03:36 \\u2013 Most of Mark\\u2019s resources are applied to his real estate business, Bridge Equity Group.
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• 04:54 \\u2013 For Mark\\u2019s most recent fix-up, his company bought a property for 400K and sold it for around 700K.\\xa0 The deal made roughly 100K after remodeling costs.
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• 05:38 \\u2013 Bridge Equity Group remodels kitchens, bathrooms, floors, and windows. They remake the house.
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• 06:30 \\u2013 The house was found off the MLS (multiple listing service).
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• 07:21 \\u2013 Mark targets properties that have challenges such as foundation issues. They have less competition and are more easily purchased.
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• 07:41 \\u2013 The majority of Mark\\u2019s deals are found through agents and sometime through wholesale.
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• 08:42 \\u2013 Bridge Equity Group plans on using direct mail to find buyers and sellers \\u2013 one of the challenges is finding the right recipients.
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• 09:28 \\u2013 Many fix and flippers in the Bay area rely on wholesale, but Mark\\u2019s found agents who are very efficient at finding opportunities.
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• 10:30 \\u2013 His agents get bonuses after each project.
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• 11:18 \\u2013 Mark finances Bridge Equity group through hard money loans, private money loans, and personal savings.
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• 12:16 \\u2013 For the last deal with the 400K house, Mark puts a portion of his savings into remodeling the house, but not acquiring it.
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• 13:30 \\u2013 Mark is personally liable for things that don\\u2019t get sold, but luckily for him, in Northern California everything gets sold.
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• 16:49 \\u2013 Famous Five
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Resources Mentioned:

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• Growth Geeks \\u2013 The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
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• Bridge Equity Group \\u2013 Mark\\u2019s company.
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• mgagner@bridgeequitygroup.com \\u2013 Mark\\u2019s email.
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• Gagner-Toomey Assoc. \\u2013 Mark\\u2019s family business
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• Rich Dad Poor Dad \\u2013 Book Mark stands by
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• Book by Rock Thomas \\u2013 CEO Mark follows
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Famous 5

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• Favorite Book?\\u2014 Rich Dad, Poor Dad by Robert Kiyosaki
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• What CEO do you follow?\\u2014 Rock Thomas, author of The Power of Your Identity
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• What is your favorite online tool?\\u2014 No, not really.
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• Do you get 8 hours of sleep?\\u2014 No
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• If you could let your 20 year old self know one thing, what would it be?\\u2014 To have more of a mindset as an entrepreneur instead of staying in corporate.
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Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.

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Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that\'s like an audio version of Pat Flynn\'s monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop

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