How to Use Friends Money at 8% Annual Interest Rate To Profit $500k+ For Yourself

Mark Gagner The Top Podcast Episode 153

In Episode #153, Nathan speaks with 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’s company remodels properties and flips them for profit.

Famous 5

  • Favorite Book?— Rich Dad, Poor Dad by Robert Kiyosaki
  • What CEO do you follow?— Rock Thomas, author of The Power of Your Identity
  • What is your favorite online tool?— No, not really.
  • Do you get 8 hours of sleep?— No
  • If you could let your 20 year old self know one thing, what would it be?— To have more of a mindset as an entrepreneur instead of staying in corporate.

Time Stamped Show Notes:

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

3 Key Points:

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

Resources Mentioned:


Mark Gagner is the president of Bridge Equity Group, a company specializing in single family fix and flip projects in northern California. He’s also the co-founder of Gagner-Toomey Assoc. a manufacturer’s rep business that sells electronic components through northern California. When Mark isn’t working, he balances his time and energy raising a ten year old son and pursuing his other passions which include mountain biking, road biking, running, and skiing.