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Today's guest is known as “The Land Geek.” Mark Podolsky is widely considered to be the country's most trusted and foremost authority on buying and selling raw, undeveloped land. Today, Mark will share his journey into the world of buying, selling, and leasing raw land as an investment. He has actively invested in real estate and raw land for almost twenty years, and has completed over 5,000 unique transactions in that time.Mark J. Podolsky ( also known as the Land Geek ) is the Managing Member of the Land Geek Enterprises, Managing Director of Frontier Properties, Founder of GeekPay.io and a former Investment Banker at Dinan Company and Dental Consultant at AFTCO & Associates. He is widely considered the Country's most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001, and has completed over 5,000 unique transactions. Mark's company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. He is also the host of one of the top rated podcasts in the Investing Category on iTunes aptly titled The Best Passive Income Model and the host of the Land Geek Podcast.More information at:Website: https://www.thelandgeek.com/quickdeals/LIKE • SHARE • JOIN • REVIEWWebsiteJoin the REI Mastermind Network on Locals!Apple PodcastsGoogle PodcastsYouTubeSpotifyStitcherDeezerFacebookTwitterInstagramSUPPORT THE SHOW!Self Managing Your Rental Properties? Get 6 months of RentRedi for $1! Click this link!Get Exclusive Content on Patreon! • https://www.patreon.com/reimastermindGet $10 and Reduce Your Business Costs by Shopping at AppSumo • https://bit.ly/reiappsumoGet $10 Towards Your First Purchase at Drop • https://drop.com/?referer=3DC729"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - Jack
Today's guest is known as “The Land Geek.” Mark Podolsky is widely considered to be the country's most trusted and foremost authority on buying and selling raw, undeveloped land. Today, Mark will share his journey into the world of buying, selling, and leasing raw land as an investment. He has actively invested in real estate and raw land for almost twenty years, and has completed over 5,000 unique transactions in that time. Mark J. Podolsky ( also known as the Land Geek ) is the Managing Member of the Land Geek Enterprises, Managing Director of Frontier Properties, Founder of GeekPay.io and a former Investment Banker at Dinan Company and Dental Consultant at AFTCO & Associates. He is widely considered the Country's most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001, and has completed over 5,000 unique transactions. Mark's company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. He is also the host of one of the top rated podcasts in the Investing Category on iTunes aptly titled The Best Passive Income Model and the host of the Land Geek Podcast. More information at: Website: https://www.thelandgeek.com/quickdeals/ (https://www.thelandgeek.com/quickdeals/) LIKE • SHARE • JOIN • REVIEW http://reimastermind.net/ (Website) https://reimastermindnetwork.locals.com/ (Join the REI Mastermind Network on Locals!) https://podcasts.apple.com/us/podcast/rei-mastermind-network-real-estate-investing-strategies/id1227366661 (Apple Podcasts) https://podcasts.google.com/feed/aHR0cDovL3JlaXJvb2tpZXMubGlic3luLmNvbS9yc3M (Google Podcasts) https://www.youtube.com/channel/UC_6OpKSfSGvgGDG1qtBQw9Q (YouTube) https://open.spotify.com/show/4P66jm0Q4PMl7OoZzHMUUZ (Spotify) https://www.stitcher.com/show/rei-rookies (Stitcher) https://www.deezer.com/us/show/2148782 (Deezer) https://www.facebook.com/REIMastermindNet (Facebook) https://twitter.com/rei_mastermind (Twitter) https://www.instagram.com/reimastermindnet/ (Instagram) SUPPORT THE SHOW! Self Managing Your Rental Properties? https://app.rentredi.com/signUp/JCH191 (Get 6 months of RentRedi for $1! Click this link!) https://www.patreon.com/reimastermind (Get Exclusive Content on Patreon! • https://www.patreon.com/reimastermind) https://bit.ly/reiappsumo (Get $10 and Reduce Your Business Costs by Shopping at AppSumo • https://bit.ly/reiappsumo) https://drop.com/?referer=3DC729 (Get $10 Towards Your First Purchase at Drop • https://drop.com/?referer=3DC729) "You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - Jack
Why you've got to check out this episode: Find out how you earn passive income from land investing, lower your costs and increase your return on investment even when someone is in default. Learn about the mistakes that most land investors commit, so you can avoid the pitfalls of doing them. Understand what you should be thinking about in terms of earning passive income to ensure strong, long-term financial security. 3 Rs Read, Resource, Reflect Read: The ONE Thing: The Surprisingly Simple Truth About Extraordinary Results by Gary Keller The 12 Week Year: Get More Done in 12 Weeks than Others Do in 12 Months by Brian Moran Resource: Zapier reMarkable Reflect: "If you do for the next three to five years what other people won't do, you'll be able to do with the rest of your life what other people can't do." - Zig Ziglar With property to maintain and renters to handle you have your work cut out, add in rehabs, renovations and rodents and you are in headache territory! What if you could earn passive income every single month without having to deal with any of them? And you only had to make a one-time sale and you get to enjoy your ' terminal days'? In this episode, Mark Podolsky shares how land investing is an excellent choice if you want to think about passive income and having that financial security that you don't get from any other investment vehicles. While you need to find ways to raise capital or bring onboard joint venture partners for other real estate investing strategies, you don't have to with land investing. And Mark gives his tip on how you can best do it and keep three hundred to a thousand per cent returns to yourself. And if your worry is about those defaulting payments, Mark's advice has got you covered. Listen to his game plan, which will not let you be at a disadvantage but rather give you higher investment returns, instead. Talk about total freedom to work when and where you want to. Mark J. Podolsky ( also known as the Land Geek ) is the Managing Member of Land Geek Enterprises, Managing Director of Frontier Properties, Founder of GeekPay.io, and a former Investment Banker at Dinan Company and Dental Consultant at AFTCO & Associates. He is widely considered the Country's most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 6,000 unique transactions. Mark's company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. He is also the host of one of the top-rated podcasts in the Investing Category on iTunes aptly titled The Best Passive Income Model and the host of the Land Geek Podcast- Work Smart. Earn More. Learn How. Topics Covered: 02:07 - Why land investing is an interesting niche to focus on 03:32 - How do you earn passive income from land investing? 08:49 - Best locations where you can find and buy a raw land 10:06 - Extending your return on investment even if the land buyer is in default of paying the promissory note 10:58 - What is so promising about land investing that he quit as an investment banker and went full-time twenty years ago? 13:01 - Earning the moniker 'Land Geek' 13:20 - Branding and marketing himself as the 'Land Geek' 15:42 - Mistakes people make when getting into the land investing niche 18:42 - How to avoid buying lands with environmental issues 19:25 - Going by the simple philosophy of 'happy customers guaranteed' 21:15 - Funding his land deals 22:04 - Scaling his business with VAs 23:09 - What his 'terminal days' and the rest of the week look like 24:36 - One important thing he does on his 'terminal days' 25:02 - Talking about the companies he owns, what are they for 26:07 - What you should know when thinking about earning passive income 27:33 - Dealing with 'shiny object syndrome' 28:45 - The one reason he loves this favorite brand of his 29:00 - Two favorite books he reads in combination and his takeaway from these 30:30 - Tools he enjoys using and recommends 32:34 - His favorite quote 33:26 - Mark's final words of wisdom Key Takeaways: "Landed investing is a really interesting niche for me because it's just a one-time sale. And then I get passive income every single month. And I don't have to deal with any renters, rehabs, renovations or rodents." - Mark Podolsky "It's a simple game. All we want to do is create enough of these land notes where our passive income now exceeds our fixed expenses. And we're working because we want to, not because we have to." - Mark Podolsky "I had already done so many transactions that it was really easy for me to sort of articulate everything. In the beginning, I would just teach people how to do what I do. And then as they started gaining success, then they start telling people, oh, my gosh, this thing works. And then it starts to snowball from there." - Mark Podolsky "You don't want to buy land with an environmental issue. If you do, you could be liable for millions of dollars of cleanup. To avoid that, you just go to epa.gov. You look up Superfund sites, and you avoid them." - Mark Podolsky "I would say don't be a land snob. Just because you don't like that land doesn't mean someone else wouldn't, so you buy any asset 30 cents a dollar, here's someone else on the other end of that deal." - Mark Podolsky "Because our margins average 300 to 1,000%, I never recommend anybody taking an equity partner. If they need capital, take a debt partner, get as much money as you can, 2%, 5%, 10%, 12%, 16%, it really becomes irrelevant at those margins. If you've got friends who are making 0% of the money in the bank, help them out." - Mark Podolsky "To scale anything, you need a team [Virtual assistants]. Because otherwise you just have a job." - Mark Podolsky "It's really just about deepening relationships on 'terminal days'. I want to spend time with the people I love. And if there's somebody I've been neglecting, maybe I'll call them. And so that's really what I like to do because at the end of our lives it's really about the quality of relationships." - Mark Podolsky "Now I've avoided financial insecurity. And I think that's really what we wanted to do. For example, the stock market goes up; it goes down, you constantly sort of feel financially insecure. With real estate and cash flow, you avoid that. Not that real estate can't go down. But it's not nearly as volatile as a stock market." - Mark Podolsky FREE course Double your money in 30 days or less. Click here: https://www.thelandgeek.com/quickdeals Connect with Mark podolsky: https://www.frontierpropertiesusa.com/ https://www.thelandgeek.com/ http://www.geekpay.io/ LinkedIn Instagram Are you ready for 2022? Get a head start with 12 questions to ask yourself over the holidays and get 2022 off to an awesome start. Download here https://brand-checklist.ck.page/02dc100707 *This episode has been brought to you in part by Bluehost web hosting. Bluehost powers more than 2 million websites online and is the No. 1 recommended hosting provider by WordPress. With 24/7 support, free SSL certificates, and free domain name registration, Bluehost web hosting is a powerhouse. Get their special web host pricing by clicking here: https://www.bluehost.com/track/paulcopcutt/ Connect with Paul Copcutt: reibranded.com LinkedIn Email: podcast@paulcopcutt.com Music: Thank you to Zoax for the intro music. *By clicking on the Bluehost link, I may earn a small commission at no cost to you. However, Bluehost is the web host I recommend to all my clients and use myself.
Mark J. Podolsky (AKA The Land Geek) is widely considered the country's most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. For almost two decades, Mark has been actively investing in real estate and raw land, and has completed over 5,000 unique transactions. Mark's company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.” Mark is the host of one of the top rated podcasts in the Investing Category on iTunes aptly titled The Best Passive Income Model and The Art of Passive Income. He is also the host of the Land Geek Podcast- Work Smart. Earn More. Learn How.
The profits to be made on land investing can be stratospheric. Today's guest makes anywhere from 300 to 1000 percent returns on buying and selling land. Mark J. Podolsky (AKA The Land Geek) is widely considered the country's most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001, and has completed over 5,000 unique transactions.
Mark J. Podolsky (AKA The Land Geek) is widely considered the country's most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in real estate and raw land since 2001, and has completed over 5,200 unique transactions. Mark's company, Frontier Equity Properties LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.” Mark is the host of one of the top rated podcasts in the Investing Category on iTunes, aptly titled The Best Passive Income Model. He is also the host of the Land Geek Podcast – Work Smart. Earn More. Learn How. What you'll learn about in this episode: Mark shares how he does his deals, having completed more than 1500 deals since the year 2000, and he shares how raw, rural land is the key to his success Mark explains how his business is 100% virtual, with no need to physically visit the properties to buy or sell them How Mark finds properties for 25-30 cents on the dollar, what geographic regions and states he focuses on, and why 90% of his business is automated Why Mark believes that there's a strong use case for every piece of property, no matter where it is located…even swampland How Mark finds buyers typically among the owners of neighboring properties, and why Craigslist and Facebook are also great tools for finding buyers How Mark spends just an hour a week on his investments, and how Mark asks his clients to spend just an hour or two a day Mark discusses his book Dirt Rich, and he shares insights from the forthcoming follow-up book he's writing How Mark's Investor's Toolkit is the definitive DIY toolkit to help you get started in raw land deals What challenges students face when learning Mark's methods, and why it does take work, knowledge, and due diligence How Mark spends every Monday and Friday exclusively working on deepening his relationships, and how he structures the rest of his week around his work Resources: Mark's previous appearance in Episode 17: https://smartrealestatecoachpodcast.com/podcasts/mark-podolsky/ Get Mark's Investor's Toolkit: www.smartrealestatecoach.com/landgeek Dirt Rich by Mark Podolsky: https://amzn.to/39p0Q2Q Website: www.thelandgeek.com Website: www.geekpay.io LinkedIn: www.linkedin.com/in/thelandgeek/ Additional resources: Website: www.SmartRealEstateCoachPodcast.com/webinar Website: www.SmartRealEstateCoachPodcast.com/termsbook Website: www.SmartRealEstateCoachPodcast.com/ebook Website: www.SmartRealEstateCoach.com/QLS/ Smart Real Estate Coach Podcast Sponsor: Paul G. Dion CPA, CTC
Do you work because you want to or have to? Have you ever considered investing in land to generate enough passive income that exceeds your fixed expenses? Today, I am talking to Mark Podolsky of Frontier Equity Properties. Mark’s passion is investing in land, creating wealth efficiently, and helping others develop their inner geeky entrepreneurial spirit. He’s known as, “The Land Geek,” for buying and selling thousands of raw and undeveloped land deals. Also, he’s the author of Dirt Rich, a guide to building a passive income model in land investing. You’ll Learn... [02:40] Beat Friday Blues: How and why Mark became a land investor. [05:40] Breaking Down Passive Income Model: No emotional attachment to land and distressed financially. [07:26] Property Checklist: Due diligence to confirm ownership, back taxes, no title breaks, and no liens. [08:25] Buy the property free and clear, and sell it in 30 days or less. [08:40] Neighbors: Built-in best buyers to protect privacy, views, and expand holdings. [09:09] Other Options: Sites with specialized buyers and sellers of raw and undeveloped land (i.e., Craigslist, Facebook, Land Flip, Land Moto). [10:00] No renters, rehabs, renovations, and rodents; exempt from erroneous real estate legislation. [10:48] Price Point of Fixed Expenses: Typically, $10,000 a month in passive income. [12:05] Operating Entity: Spend a few hours a day on land investing business, and automated software/virtual assistants do the rest. [14:35] How to get started? Everything is hard in the beginning. Embrace the suck. [16:00] What Mark loves about land investing? No physical inventory, no competition, inefficient market, one-time sale, and passive income. Tweetables Core Business Philosophy: Happy customers guaranteed. Raw land is the best passive income. There’s nothing not to love about land investing for passive income. True Wealth: Work where you want, when you want, and with whom you want. Resources The Land Geek Dirt Rich by Mark Podolsky Frontier Equity Properties The Land Geek Podcast Warren Buffett’s Margin of Safety Land Moto Land Flip Dodd-Frank Financial Regulatory Reform Bill Real Estate Settlement Procedures Act (RESPA) S.A.F.E. Act FortuneBuilders Robert Kiyosaki Zig Ziglar GeekPay DoorGrowClub Facebook Group DoorGrowLive DoorGrow on YouTube DoorGrow Website Score Quiz Transcript Jason: Welcome, DoorGrow Hackers, to the DoorGrow Show. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you are interested in growing your business, and life, and you’re open to doing things a bit differently, then you are a DoorGrow Hacker. DoorGrow hackers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate think you’re crazy for doing it, you think they’re crazy for not, because you realize that property management is the ultimate, high-trust gateway to real estate deals, relationships, and residual income. At DoorGrow, we are on a mission to transform property management businesses and their owners. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. I’m your host, property management growth expert, Jason Hull, the founder and CEO of DoorGrow. Now, let’s get into the show. Today, I am hanging out with Mark Podolsky. Mark, welcome to the show. I’m going to read your bio here because we want to qualify you and then we’ll let you brag a little bit because you got to do a little bit of starting out here. Today’s topic (for those who are just tuning in) is land investing for passive income. We’re going to learn how to use land investing to create a passive income stream. Mark J. Podolsky (AKA The Land Geek), is widely considered the country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States for almost two decades. Mark has been actively investing in real estate and raw land and has completed over 5000 unique transactions. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated Better Business Bureau real estate company. Mark has achieved this level of success largely due to his core business philosophy, happy customers guaranteed. Mark is the host of one of the top-rated podcasts in the Investing Category on iTunes, aptly titled The Best Passive Income Model and The Art of Passive Income. He is also the host of The Land Geek podcast: Work Smart. Earn More. Learn How. Mark, there you go. Give us a little bit of background on you and how you got into this land investing. Mark: Let’s rewind to 2000 and imagine me fighting traffic, 45 minutes in the car there and back, micromanaged, stressed out at an investment banking job, working with private equity groups specializing in mergers and acquisitions. Jason, it got so bad for me that I wouldn’t get the Sunday blues anticipating Monday coming around. I’d get the Friday blues anticipating the weekend going by really fast and heading back to work on Monday. My firm hired this guy and he’s telling me that as a side hustle, he’s going to tax deed auctions, he’s buying up raw land pennies on the dollar, he’s flipping them online, and he’s making a 300% return on his investment. Jason, I’m looking at companies all day long and a great company has 15% EBITDA margins or free cash flow. Great company. Average company is 10%. I’m looking at companies all day long, less than 10%. Of course, I’ll believe him. We go to New Mexico. I do exactly what he tells me to do. I’ve got $3000 saved up for car repairs so I can only buy $3000 worth of land. I buy 10 half-acre parcels, an average price of $300 each. I put them up all online and they all sell 30 days later from an average price of $1200 each. It worked. 300%. I took all that money, I went to another auction in Arizona (which is where I live) and again, it’s 2000. There’s no one in the room, there’s no competition, I’m buying up lots, I’m buying up acres for nothing. Over the next six months, I sold all that property and I made over $90,000 cash. I go to my wife, and she’s pregnant. I said, “Honey, I’m going to quit my job. I’m going to become a full-time land investor.” She says, “Absolutely not.” So I worked land investing part-time and it took 18 months for the land investing income to exceed the investment banking income and then, I quit. I’ve been doing it full-time ever since. Jason: It’s so easy, anybody can do it? Mark: Yeah, I wish. I wish it was so easy. It’s a simple model but anything worth doing in life is not easy. What I could do is I could walk you through the model and then, odds are you’ll just stop the podcast and quit doing what you’re doing and start land investing with me, but that’s okay. That happens a lot. You want me to walk you through it? Jason: Yeah. Mark: Jason, where do you live? Jason: I’m in Santa Clarita, California. Mark: Okay. Let’s imagine that you own 10 acres of land in Texas. I go to the county treasurer and I get a list of people that owe back taxes. Sure enough, there’s Jason Hull in Santa Clarita, California, $200 in back taxes on this 10-acre parcel. Jason, you’re advertising two things to me. Number one, you have no emotional attachment to that raw land. You’re in California. The property is located in Texas. Number two, you’re distressed financially in some way. Because when we don’t pay for things, we don’t value them in the same way. And you haven’t paid your property taxes. As a result, the county treasure keeps sending you notices saying that, “Jason, if you don’t pay your taxes, you’re eventually going to lose your 10 acres to a tax deed or tax lien investor. What I will do is I would look at the comparable sales on that 10-acre parcel. I’m going to take the lowest CUP and I’m going to divide by four. That’s going to get me what Warren Buffett calls a 300% margin of safety. I’m going to actually send you an offer of $2500 on that 10-acre parcel assuming that the lowest CUP is $10,000. I send you an offer for $2500. Now, you accept it because for you, $2500 is better than nothing and you haven’t gone out to look at the property. You just don’t care about it anymore. In reality, 3%-5% of people accept my “top dollar offer.” Now that you’ve accepted the offer, I’ve got to go through due diligence or in-depth research. Number one, I got to confirm you still own the property. Number two, I have to confirm the back taxes are only $200. Number three, I have to make sure there have been no breaks in the chain of title. Number four, I have to make sure there are no liens or encumbrances. I have this whole property checklist and it goes on and on and on. If it’s a property deal that’s worth less than $5000, I’ll actually close it directly with my team in the Philippines. We’re hooked up to an American title company. I pay $11 for due diligence. They’ll give me a whole property report. I’ll get the GIS maps, the plat maps, aerial maps. If it’s an area I don’t know, I’ll have somebody go out there, stamp on the property for me, take a video and shoot photos throughout the property checklist. What are the neighbors doing out there, what’s the road like, all these things. Everything checks out and now, I buy the property from you for $2500. You get $2300 of it, $200 goes to the treasurer, and now I have that property free and clear. I’m going to sell this property 30 days or less. The reason I’m going to do this is I have a built-in best buyer. Do you know who it is? Jason: No. Mark: The neighbors. I’m going to sell that to the neighbour saying, “Hey, here’s your opportunity. Protect your privacy, protect your views, expand your holdings, know your neighbour.” Oftentimes, the neighbors will buy it. If they pass, I’ll go to my buyers list. If my buyers list passes, I’ll go to a little website you might not have heard of called Craigslist (10th most traffic website in the United States). I’ll go to an even smaller one. It’s called Facebook buy-and-sell group and marketplace. And then, I’ll go to these platforms that specialize in buying and selling raw land, landmodo.com, landandfarm.com, landsofamerica.com, landflip.com. It goes on and on. Now, the way I’m going to sell it is I’m going to make it irresistible. I’m going to ask for a $2500 down payment. I get my money out on the down, within (let’s say) six months of that. I’m going to get a car payment, let’s say $449 a month, 9% interest over the next 84 months. Essentially, I’ve got a one-time sale, I have passive income of $449 a month, 9% interest over the next 84 months, no renters, no rehabs, no renovations, no rodents. And because I’m not dealing with a tenant, I’m exempt from Dodd-Frank, RESPA, and the SAFE act (this onerous real estate legislation). The game that we play is can we create enough of this land notes where our passive income exceeds our fixed expenses and then we’re working because we want to, not because we have to. The beautiful part about all of this is 90% of it is automated with software virtual assistants. It’s great. Jason: What is the price point of fixed expenses typically? Mark: For most people, after you earn about $10,000 a month in passive income (that’s $120,000 a year), you’re in pretty good shape. Now, we have some clients who are doctors and lawyers. I have a client. He’s been working with us for 10 months. He’s at $15,000 a month passive and he just went from 5 days a week at his law firm to 2 days a week and he’s spending the rest of his time with his dad who needs help working with him and the other two days doing what he wants to do. We have so many clients that once they hit that point, they retire their spouse. They quit their job. They do what they really want to do in life because the whole idea of this is that we can always make more money but we can’t get more time. For me, true wealth means you wake up and you don’t have to be anywhere. You work where you want, when you want, and with whom you want. That’s really the goal of doing all this. Jason: Love that. What else do people typically ask you about this? When you say it, it sounds really easy. It sounds like something that maybe anybody can do, but it’s like starting a part-time job if you start getting into this. Mark: It is. It is an operating entity. We ask our clients to spend about an hour or two a day doing this. That will move the needle because with our virtual assistants and our software, it’s pretty automated. We actually have automation software for marketing. We can automate our craigslist and our Facebook postings with a posting automator. The only two things that (as CEO of your land investing business) you, Jason, actually have to do, is county research because if you get that screwed up, that whole thing falls off the rails, so you have to pick a good county. From there, you’re going to make sure that you get your pricing right, so you might want to work with a VA, train them, and show them, “Hey, look. Here’s our lowest comps dividing by four. We need a response rate of 3%-5%. If it’s under 3%, our offer is too low. If it’s over 5%, let’s get nervous. Why are they selling us their property? We might have to renegotiate.” We have our metrics in there. As far as the rest of the process, you can get virtual assistants to do our due diligence. You can get an intake manager that can actually talk to your sellers (because that’s a big time-suck as well). From there, you can close. We like to use Simplifile accountings, so that we can record our deeds online, so I don’t have to go and do a lot of whole paperwork that way. Once we own it, again, we have an inexpensive virtual assistant getting us through GIS, all the neighbors information, uploading that to our software, sending out our neighbor letters. There’s an API with lob.com, which does our mailings. On the backend of it, we use a software called GeekPay.io that is a set-it-and-forget-it system on collecting our money. We get our down payment via credit card and then we get our monthly payments via ACH. It does all the amortization. It does all the calculations. It charges fees but it does it through notifications. If that ACH bounces, it will charge the credit card on file. We went from an 8% default rate to a 4% default rate. I personally worked two hours a week in Frontier Properties, doing the kind of volume that we do. Jason: Sounds great. That’s pretty incredible. How hard is it for somebody to get started with this that’s new? Mark: It’s like anything in life. Everything is hard in the beginning. You know what’s really hard, Jason? Learning to read. We don’t remember it. We forgot how hard that was in the very beginning but you had a good teacher, they broke it down for you step-by-step, and you are with other people. It was just a thing, like everyone can do this and you’re just expected to do it. It’s the same kind of thing. What happens is we’re so ingrained after all these years of schooling that you have to achieve what you achieve, to go back and embrace beginner’s mind and embrace the suck. It’s hard. If you can do that, if you can be comfortable being uncomfortable and you have some grit, you can be successful in anything in life, whether it’s my land investing niche or growing your doors. It doesn’t matter. Nothing worth doing is easy. Jason: It sure is nothing worth doing is easy. The challenge is if somebody is going to choose into doing this, choose into doing property management, or choose into doing any business, they have to fall in love with this. They have to get excited about this. Help the listeners understand what do you love about doing this? Your clients that get involved in this, what do they love about it that’s different from other entrepreneurial ventures that they get into? Mark: The main reason that people like this model is number one, there’s no physical inventory. Number two, there’s little to no competition. If you go on HGTV or the DIY Network, you’re not going to ever see me on Flip This Land. The before pictures is raw land, the after pictures is raw land. It’s not going to be much fun to watch me in front of a computer. If you go to [...] meeting and there are 100 people in that room, 99 of them are house flippers, landlords, or wholesalers. You and I are the only land guys. Number three, you have an inefficient market. I’ve got a hedge fund manager that loves this business because he’s like, “Mark, there are very few inefficient markets left out there. Nobody knows the value of raw land.” Now, that can be very frustrating in the beginning, but it’s also very exciting once you get your arms around it. No physical inventory, no competition, inefficient, and then you have the fact that it’s a one-time sale and then the passive income versus let’s say I flip a house. I make $20,000 on a flip. I have a new problem. What do I do with my $20,000? I can’t put it in the bank. It’s not going to earn anything. I have to keep redeploying that capital. Once we get to let’s say $10,000 a month of passive income, what our net worth? How long would it take you to have an investment of $120,000 a year at say 2% interest in the bank? That’s over $3 million you and I would have to save. How long, Jason, would it take for you to save $3 million? How long would it take anybody to save $3 million? Jason: I probably would never do it. Mark: Yeah. 12-36 months, you can have that kind of cash flow and then your bankers are really happy with you because your net worth is over $3 million. The fact that—I’m not proud of it—I can’t even screw in a light bulb. I tried to flip a house once. I am not interested in physical things so the subs come out there. I meet the subs. They don’t show up. Just the capital outlay, I started with $3000. My buddy, [...], started at $800. You’re not going to ever get knocked out of the game in this niche. The dollars are just too small. If you go into multifamily housing, you do one bad deal and you’re done for 10 years. You’re BK or you’re just a pariah in the investment community because you lost all your investors money. This is not like that at all. You have an easy entry point, you have no physical inventory, you have no competition. You have a one-time sale on passive income. You have an inefficient market. There’s nothing not to like about it. I think what’s interesting is if you go to a party and you tell people you’re a land investor, they’ll yawn. It’s not sexy. Definitely not sexy. Maybe you lie and say you’re in multifamily housing. Jason: I don’t know if that’s super sexy sometimes either, but yeah. Mark: I mean it depends who you’re talking to. Jason: How do people get started in this? It sounds interesting. My interest is piqued. I’m sure some people listening are interested. How do they get started with this because I’m sure there’s a fairly steep learning curve? There’s got to be a reason why everybody isn’t doing it. How saturated is this? Mark: It’s not saturated at all because again, it’s just not sexy. It’s not conventional. The marketing budgets of the people that are in the house flipping world like Robert Kiyosaki or FortuneBuilders, that’s really where people thought to. Land investing, you have a mental hurdle for people where they think, “Well, I’ve never bought land.” We all know everyone needs a place to live. Nobody needs raw land. You don’t wake up today and say, “Boy, I really got to own 10 acres today.” Jason: That land that nobody is using and nobody seems to want. That land. Mark: Right. It’s a marketing business. You have to interrupt somebody’s day, pique their interest, and make it irresistible. I’ll tell you, after over 5200 deals, I’ve never been stuck with a piece of land. You buy any asset, 25–30 cents on the dollar, there’s someone else on the other end of that deal. Whether it be a piece of land, a car, a trinket, it doesn’t matter. The market is the market. So to get started, I would say you’ve got to learn from somebody who’s done in. For example, let’s say you and I are going to go to Mount Everest together. We’re going to climb this big mountain. Jason: We’re not just going to wing it. Mark: Yeah. You’re going to someone who’s done it a million times and they can tell you the best routes quickly, efficiently, and safely to do it. That’s what you want to do. You can start with that. In fact, for the listeners, I would say that I have a $97 course that I’d love to offer them for free. If they just go to thelandgeek.com/launchkit, they can go ahead and get that course for free. Start there and then see if they like it or not. Jason: Their time investment is 1-2 hours a day? Mark: If that, yeah. It depends if they’re using tools or not. It also depends if they have a scarcity mentality or abundance mentality. A lot of people, when they start doing this, they think they can penny-pinch their way to wealth. They don’t want to use the tools that are out there. Jason: “No, I’ll do it myself. I’ll watch 120 Youtube videos and figure out how to do it myself.” Mark: Yeah, and you can do that. But again, my whole philosophy is that I can always make more money. I can’t get more time. So, anything that’ll save you time, I’ll invest in. Jason: I say something very similar to my clients. That makes sense. Anything else anybody should know before we wrap this up and how can they get in touch with you? Mark: If you have that mindset that Zig Ziglar says, “If you'll do for the next 3–5 years what other people won't do, you’ll be able to do for the rest of your life what other people can’t do.” You’ve got to get your reps in and you have to embrace the suck. Again, nothing worth doing in life is easy. It might be a simple model, but it’s not easy. You have to take action at some point Again, the best way to get a hold of me is thelandgeek.com. I’ve got an audio book. I’ve got a book on Amazon called Dirt Rich if you want to just read about it and hear my story as well. It got really good reviews. People seem to like it. It’s not because I’m such a good writer. It’s just that they like it. Jason: Nice. Perfect. Look for the book, Dirt Rich, or check out thelandgeek.com. Mark, this is interesting. I think it’s a new idea that people certainly haven’t heard of this before on the DoorGrow Show. I appreciate you coming on and hanging out here with me. Mark: Jason, thank you so much. Again, I apologize if you’re just going to quit your business and go [...] with me. Jason: I love what I do so. Mark: See? There you go. You can do both. Jason: Both. All right. Maybe I’ll get a few people from this show that are wanting to do both. There you go. Mark, thanks again for coming on the show. We’ll let you go. Mark: Thanks, Jason. I appreciate it. Jason: If you are a property management entrepreneur and you enjoy the show, be sure to like and subscribe. If you’re watching this on Youtube or on Facebook, be sure to share it if you would. We would appreciate that. If you’re in some property management groups, we’d love to see your comments. And if you’re on iTunes, give us a review. We would really love to get that feedback. We’re putting out this content for free. We would love a little reciprocity, people. That would be really sweet of you. I would appreciate it greatly. It helps us get the word out and make a difference in this industry. If you are a property management entrepreneur that wants to grow your business, add doors, you’re struggling, you’re feeling that there’s a scarcity in the industry, there’s no scarcity in property management right now. 70% are self-managing. There’s plenty of opportunity. Reach out, talk to us, and let us help you see how you can align your business towards more warm leads and stop spending so much time trying to go with cold leads, time keepers, and time wasters. The people that are at the very end of the sales cycle are the coldest, crappiest, most price-sensitive. Those are the people searching online. They’re the leftovers that fall off the word-of-mouth table. Come sit at the table with us. We’re DoorGrow. We’ll talk to you soon. Check us out at doorgrow.com. Bye everyone. Until next time, to our mutual growth.
In one of the more fun episodes I've recorded thus far, I sit down with Mark Podolsky The Land Geek. We discussed his unique background in transitioning from corporate America to his current business, how his decision to get into the business impacted his family, how you can transition into the raw land business, how we handled his toughest day in business, and best practices for you to be successful!Mark came bearing gifts MYB! Go to www.thelandgeek.com/myb and get a FREE gift. A $97 value, get access to Mark's course on specifically how to launch your raw land business as a primary or secondary income stream! MARK'S BIO:Mark J. Podolsky (AKA The Land Geek) is widely considered the country'smost trusted and foremost authority on buying and selling raw, undevelopedland within the United States. For almost two decades, Mark has beenactively investing in real estate and raw land, and has completed over5,000 unique transactions.Mark's company, Frontier Equity Properties, LLC, is an A+ rated BBB real estatecompany. Mark has achieved this level of success largely due to his core businessphilosophy – “Happy Customers Guaranteed.”Mark is the host of one of the top rated podcasts in the Investing Category oniTunes aptly titled The Best Passive Income Model and The Art of Passive Income.He is also the host of the Land Geek Podcast- Work Smart. Earn More. Learn How.Connect with Mark! mark@thelandgeek,com. Subscribe to and listen to his podcast https://www.thelandgeek.com/category/podcasts/The Minding Your Business Podcast is powered by The Binge Podcast Network at onabinge.com!Connect with The MYB Community on Facebook! Leave us a 5 star positive comment review rating on Apple Podcasts!
Mark J. Podolsky (AKA The Land Geek) is widely considered the country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. For almost two decades, Mark has been actively investing in real estate and raw land, and has completed over 5,000 unique transactions. Learn How to Get Started in Real Estate? Go to www.Dwellynn.com/lwa SUBSCRIBE and LEAVE US A REVIEW on iTunes: http://getpodcast.reviews/id/1256786108 Get your free book: www.audibletrial.com/dwellynn Contact Mark: http://thelandgeek.com/ Content mentioned: Atomic Habits by James Clear https://www.amazon.com/Atomic-Habits-Proven-Build-Break/dp/0735211299/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1571241814&sr=8-1 Follow Ola [www.instagram.com/oladantis] @OlaDantis for all other social media Send me a DM when you follow so I can say hi! www.InvestWithOla.com
You've certainly heard, and maybe even dreamed, of being Filthy Rich. Have you ever considered being Dirt Rich? How about Dirt Rich with Passive Income? Well, hold on to your bank roll. It's about to get a lot bigger. Meet our Feature Guest Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 5,000 unique transactions. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.” Mark is the host of one of the top rated podcasts in the Investing Category on iTunes aptly titled The Best Passive Income Model and The Art of Passive Income. He is also the host of the Land Geek Podcast- Work Smart. Earn More. Learn How. Connect with our Guest TheLandGeek.com Free Launch Kit https://www.thelandgeek.com/launchkit/ Marks first visit to Men of Abundance http://menofabundance.com/135/ 61% of all Businesses using Social Media, get NO return on their investment. The Reasons, and What to Do about it, are revealed in my Brand New 12 Week Group Business Breakthrough Session. I Want In On That! Support this podcast
On another amazing episode, Curtis May and Mark Podolsky talk about creating passive income through investments in Real Estate. Today's guest, Mark J. Podolsky (AKA The Land Geek), is widely considered to be the country's most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. For almost two decades, Mark has been actively investing in real estate and raw land, and has completed over 5,000 unique transactions. Mark's company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.” Mark is the host of one of the top rated podcasts in the Investing Category on iTunes aptly titled The Best Passive Income Model and The Art of Passive Income. Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com Links and Resources from this Episode www.practicalwealthadvisors.com Email Curtis for a free report - curtmay@gmail.com Call his office - 610-622-3121 Connect with Mark Podolsky mark@thelandgeek.com www.thelandgeek.com 480-586-6688 https://www.linkedin.com/in/thelandgeek http://www.thelandgeek.com/podcast/ https://www.facebook.com/thelandgeek/ https://www.thelandgeek.com/practicalwealth/ https://www.thelandgeek.com/foundational-training/ Special Listener Gift Schedule a 15-Minute Call with Curtis Free Ebook Financial Planning Has Failed Show Notes Mark's background - 1:31 The Raw Land story - 2:14 A full-time Land investor - 3:18 A Raw Land investment example - 4:48 Creating a marketing package for the next buyer - 6:30 A buyers list - 7:35 Platforms that are dedicated to buying and selling raw land - 7:50 Reasons to create passive income from raw land - 9:35 Creating passive income to protect risk - 10:25 Buying land - 12:21 The fast-growing States: midwest - 13:27 Why is it a great investment? - 17:04 Savings and passive income - 20:04 Teaching people about passive income: starting with Mark's course - 23:50 Mark's final words of wisdom - 25:59 Your number one asset is you! - 26:50 Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you're subscribed to the podcast so you get the latest episodes. Click here to subscribe with Apple Podcasts Click here to subscribe with Spotify Click here to subscribe with Stitcher Click here to subscribe with RSS
Mark J. Podolsky (AKA The Land Geek) is widely considered the country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in real estate and raw land since 2001 and has completed over 5,000 unique transactions. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.” I would add his success also comes from the fact that he chooses to use a treadmill desk. “Sitting is the new smoking!” he reminds us all. Mark is also the host of one of the top rated podcasts in the Investing Category on iTunes aptly titled “The Best Passive Income Model and The Art of Passive Income.” As if he wasn’t already busy enough, Mark hosts “The Land Geek Podcast- Work Smart. Earn More. Learn How.” You can check those out on iTunes and wherever else great listening is enjoyed. Mark Podolsky’s MVP player Stats: Mark’s brilliant and successful business model of buying and selling raw land has gained the interests in many ambitious followers to learn and follow this “sort of gateway drug to a better life style”, with passive income. In this episode, Mark talks about the details of his book Dirt Rich and how the works of passive income drastically made an impact on his life. How is first ever one client (who made $350,000 on a one-time deal due to Mark’s help) sparked the beginning of his digital course, which gained the attraction to more like-minded “geeks” wanting the same success. Not to mention, Mark shares this incredibly unique model of buying and re-selling raw-land estate and reveals some of his secrets that anyone could follow! With his live investor tool kit events and boot camp program, Mark teaches his students how to offer true value, how to recognize the “Head of the Long Tail”, how to find true fans and how to motivate the needle in their lives. He has a goal to help people see what’s available and to figure out if that’s what they really want to do. Keep the conversation going by sharing this episode with your friends, colleagues, and social media! Thanks so much for listening. Quotes “Work expands so as to fill the time available for its completion” - Parkinson’s Law of Time “As you earn more money, your needs increase and you end up spending more money” - Parkinson’s Law of Money “Can I rid the world of solo-economic dependency…if you’re not personally working, you’re not making any money.” “We can always make more money, but we can’t get more time.” Everyone is going to run out of money, before they run out of deal flow…” Mary: “Who is this system best for?” Mark: “I think it’s best for anyone who needs to get paid!” Seth Godin: “It’s not for the masses, you want to find your minimum viable audience” “You need to start small, but also think bigger…to make sure you have something that is viable.” LINKS The LandGeek Toolkit Geekpay.io The Art of Passive income Podcast Dirt Rich Tim Fair Podcast Shark Tank Seth Godin: This is Marketing Chris Anderson Get more out of PYP with these links: Show notes Find Your Football Newsletter Nominate a Guest for the Show We always appreciate your rating and review on iTunes!
Mark J. Podolsky (AKA The Land Geek) is on a mission to help people get out of solo-economic dependency and create passive income. He is widely considered the Country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 5,000 unique transactions. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.” Mark is the host of one of the top rated podcasts in the Investing Category on iTunes aptly titled The Best Passive Income Model and The Art of Passive Income. He is also the host of the Land Geek Podcast- Work Smart. Earn More. Learn How.
Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 5,000 unique transactions. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed” In this episode, Karen and Mark discuss: How to get out of solo economic dependency How we create passive income in raw land How to improve your life with systems and automation in real estate How to improve your life with the ultimate subscription model we created How to create a plan to create freedom and flexibility and fire your boss *5 Minute Success – The Podcast – Listener Giveaway* Email Support@TheLandGeek.com for your FREE Passive Income Launch Kit – a $97 Value! Key Takeaways and Actionable Success Principles: Mark made $90,000 off of his first investment! Casting a wide net, and doing the research Use automated systems to remove the headaches Create a sustainable enterprise Be a technician – know your systems, revenue streams, and clients in and out Teaching people not only grows your business through connections, but even better – you help others and make a bigger impact in others lives “To move the needle in someone’s life is way more powerful than just providing for yourself” – Mark Podolsky Connect with Mark LinkedIn: The Land Geek Website: www.TheLandGeek.com Facebook: @TheLandGeek or Mark Podolsky Twitter: @TheLandGeek The Podcast Join host Karen Briscoe each week to learn how you can achieve success at a higher level by investing just 5 minutes a day! Tune in to hear powerful, inspirational and informational success stories and expert insights from entrepreneurs, business owners, industry leaders, and real estate agents that will transform your business and life. Karen shares a-ha moments that have shaped her career and discusses key concepts from her book – Real Estate Success in 5 Minutes a Day: Secrets of a Top Agent Revealed. Here’s to your success in business and in life! Connect with Karen and 5 Minute Success Twitter: @5MinuteSuccess Join the Facebook Group: 5 Minute Success Website: 5MinuteSuccess.com Email: Karen@5MinuteSuccess.com 5 Minute Success Links Learn more about Karen’s book, Real Estate Success in 5 Minutes a Day Real Estate Success in 5 Minutes a Day available in Print, Digital, and Audio Subscribe to 5 Minute Success Podcast Spread the love and share the secrets of 5 Minute Success with your friends and colleagues! Show Notes by Molly P. Tagged 5 Minute Success, December 2017, Karen Briscoe, Land Geek, Mark Podolsky, Podcast
Adam and Jeannie interview Mark Podolsky about keeping customers happy while maintaining a passive income. Can happy customers and passive income coexist? Earning a passive income is a dream most of us have, but so few of us can do this in a sustainable way. How can you automate most of your workflow while still delivering a great customer experience? Today’s guest not only survived, but triumphed over the real estate crash of 2008. Instead of closing shop like so many others, he used the changing landscape as an opportunity to break the mold and connect with customers in better ways. “I’ve automated as much as I can, but then I’ve given that personal touch.” - Mark Podolsky A recognized thought leader in maintaining passive incomes, Mark shares some great tips for entrepreneurs and leaders who want to earn a passive income while focusing more on what matters most to them in life. Find out how Mark balances automation with personalization and how they tie to his bold philosophy of “Happy Customers Guaranteed.” Plus, he clues us in on some of the best automation tools he uses to help personalize the experience, outlines some of the vital traits of successful leaders, and ties them together with inspiring stories. Listen in! Interview highlights Mark gives us some background, then explains how he guarantees happy customers. [3:13] Why is Mark known as The Land Geek? [7:08] What has changed since the real estate crash of 2008, and more importantly, how did Mark survive it? [9:20] How does Mark balance automation with personalization for better overall customer experiences? [15:00] Mark shares some of the common threads among the many successful leaders and entrepreneurs he’s interviewed on his own podcast. [19:00] About our guest Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 5,000 unique transactions. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.” Mark is the host of one of the top rated podcasts in the Investing Category on iTunes aptly titled The Best Passive Income Model and The Art of Passive Income. He is also the host of the Land Geek Podcast- Work Smart. Earn More. Learn How. Connect with Mark Twitter LinkedIn TheLandGeek.com Related Content 360Connext® post, Do Your Communication Tactics Undermine Your Intentions? Customers That Stick® post, 10 Lessons from 200 Customer Service Podcast Episodes Episode 266: Chip Bell, Innovating Service Episode 86: Anthony Iannarino, Commitments Are for Closers We’re on C-Suite Radio! Check it out for more great podcasts Sponsor message Give your team the customer service training they deserve Want to bring game-changing customer service training to your team? CTS Service Solutions offers a half-day in-person workshop designed to motivate and educate your customer-facing team members. Using energy, excitement, and interaction, our workshop helps frontline teams embrace a customer-centric outlook, then — using the principles from our book Be Your Customer’s Hero — gives them the skills and confidence they need to handle any service interaction. Don’t leave your frontline team hanging… Give them the training they deserve. Learn more at customerheroworkshop.com, that is customerheroworkshop.com. Take care of yourself and take care of your customers. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mark J. Podolsky (AKA The Land Geek) is widely considered the Country's most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001, and has completed over 5,200 unique transactions. Mark's company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.” Mark is the host of one of the top rated podcast in the Investing Category on iTunes aptly title The Best Passive Income Model. He is also the host of the Land Geek Podcast- Work Smart. Earn More. Learn How. A transcript of this episode is available here: https://smartrealestatecoachpodcast.com/mark-podolsky/ Ways to contact Mark: Website: www.thelandgeek.com Email: support@thelandgeek.com (email with the subject line “Chris Prefontaine podcast” to get the $97 Passive Income Launch Kit for free) Resources: SmartRealEstateCoachPodcast.com/landgeek SmartRealEstateCoachPodcast.com/BootcampTickets SmartRealEstateCoachPodcast.com/FlightSchool SmartRealEstateCoachPodcast.com/FlightSchoolPayments SmartRealEstateCoachPodcast.com/IVTwebinar SmartRealEstateCoachPodcast.com/ToolKit SmartRealEstateCoachPodcast.com/geekpay SmartRealEstateCoachPodcast.com/webinar SmartRealEstateCoachPodcast.com/termsbook SmartRealEstateCoachPodcast.com/ebook SmartRealEstateCoachPodcast.com/QLS
Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 5,000 unique transactions. Mark’s company Frontier Equity Properties, LLC is an A+ rated BBB real estate company.Topics that are covered in this episode:• Go on Treasury List to see who owns back taxes• Unsophisticated come into ownership of raw land• Buy it at 20-30% value, ensure so encumbrances• The neighbor's are the first people to buy if not maybe they want to sell theirs and now you have a larger tract• Use Facebook and craigslist• Use owner financing• 3-5% response rate of offers• All counties are different on how you get land listings• Use gegolook.com or use craigslist or what three words app• Facebook buy and sell groups• Use special warranty deed and full warranty deed• Blinkist• Stop being an optimizer once you have your simple passive cashflow number Check out my Free Resources Below:1) If you are an accredited investor and afraid of the impending market correction?Get out the stock market and into the Simple Passive Cashflow Hedge Fund!More info: www.SimplePassiveCashflow.com/fund2) Join a Social Club:Seattle Social ClubHawaii Social ClubPortland Social ClubBay Area Social ClubSo Cal Social ClubEast Coast Social ClubCentral USA Social Club3) Subscribe to my podcast: Google Android Phones | Apple iPhone | Youtube4) Once you have gone through the majority of podcasts feel free to sign up for a chat:20 Minute Chat with Lane5) Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across.6) I am partnered with a start-up Virtual Assistant firm out in the Philippines. Shoot me an email Lane@simplepassivecashflow.com if you want to try them out.More info: https://drive.google.com/open?id=0B4gFjCt6Knc1U3YwYjdZRnYzN1k7) Please leave a review for the podcast!8) Coaching Program to get you to your first rental in 90 days!9) And finally... if you are just getting started Sign-up for Free access to the 10 Module Course:10) Summary of every Simple Passive Cashflow Podcast See acast.com/privacy for privacy and opt-out information.
Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 5,000 unique transactions. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.” Mark is the host of one of the top rated podcasts in the Investing Category on iTunes aptly titled The Best Passive Income Model and The Art of Passive Income. He is also the host of the Land Geek Podcast- Work Smart. Earn More. Learn How. For Recommendations & other useful links click here (http://www.geoffnicholson.uk/057)
Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States.He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 5,000 unique transactions. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company.Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.”Mark is the host of one of the top rated podcasts in the Investing Category on iTunes aptly titled The Best Passive Income Model and The Art of Passive Income. He is also the host of the Land Geek Podcast- Work Smart. Earn More. Learn How.Website: thelandgeek.com/jumble
Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 5,000 unique transactions. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.” Mark is the host of one of the top rated podcasts in the Investing Category on iTunes aptly titled The Best Passive Income Model and The Art of Passive Income. He is also the host of the Land Geek Podcast- Work Smart. Earn More. Learn How. You can find Mark at https://www.thelandgeek.com/ Don't forget to email and get your free blueprint - support@landgeek.com You can learn how to create systems from Mark as well as creating passive income through land ownership. Welcome to Richer Soul - Your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let's figure that our together. At the core is the financial well being to be able to do what you want, when you want, how you want. It's about personal freedom! Thanks for listening! This is an affiliate link that provides me a commission if you make a purchase. https://www.facebook.com/richersoul http://richersoul.com/ rocky@richersoul.com
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Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.” Mark is the host of one of the top rated podcasts in the Investing Category on iTunes aptly titled The Best Passive Income Model and The Art of Passive Income. He is also the host of the Land Geek Podcast- Work Smart. Earn More. Learn How.
Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 5,000 unique transactions. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. During the show, Mark will share how he creates passive income in raw land and discuss the systems and automation in real estate that contributes to his success. He will unfold key benefits of owning raw land, how to find quality property, and ways you can start maximizing your investments today. Links: Thelandgeek.com Youtube @TheLandGeek Facebook Linkedin Where are we: Phoenix, Arizona - Mark Spain - Sam & Johnny FD Book: Call me Ted - Ted Turner Time Stamps: 05:18 - Getting into land real estate 07:44 - Tax lien & tax deed investing 09:18 - Getting raw land to cash flow 11:35 - Automating through software 13:20 - How Mark got the name “The Land Geek” 13:44 - Benefits of owning raw land 16:35 - Finding good value property 19:25 - Looking for quality land 23:26 - Before making an offer 26:58 - Protection and liability 30:55 - Common mistakes made 33:28 - Getting a call from the FBI 35:30 - How to get started 37:40 - Mark’s personal investments 40:27 - Buying and selling land 44:10 - Passive property sales If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.
Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 5,000 unique transactions. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.” Mark is the host of one of three top rated podcasts in the Investing Category on iTunes aptly titled "The Best Passive Income Model" and "The Art of Passive Income". He is also the host of "the Land Geek Podcast- Work Smart. Earn More. Learn How." http://www.thelandgeek.com
Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001, and has completed over 5,000 unique transactions. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy –“Happy Customers Guaranteed.” Mark is the host of one of the top rated podcast in the Investing Category on iTunes aptly title The Best Passive Income Model. He is also the host of the Land Geek Podcast- Work Smart. Earn More. Learn How. By sharing his sharply-developed business acumen and his proven, time-tested strategies, Mark helps students break free from Solo Economic Dependency. Mark and his top students make money even when they’re not working……in fact, even while they’re sleeping. That’s real financial freedom, and that’s something worth striving for. On A Personal Note Mark and his wife, Rachel, have been married for over 17 years. They have three children – Noah, Elan and Ella – and they reside in beautiful Scottsdale, Arizona. Mark is an active member in various charities including St. Vincent DePaul, UMOM homeless shelter and Boys Team Charity What you’ll learn about in this episode: Solo economic dependency Mark’s journey from working a job he hated into finally being a financially free entrepreneur How Mark deals with selling property he doesn’t see himself Mark’s acquisition manager and his automated virtual team Mark’s happy customer guarantee How Mark finds his VAs What typical land notes look like Why Mark doesn’t use private money How to take the emotion out of money Finding your freedom number Finding your own niche Resources: REInvestorSummit.com/TheLandGeek REInvestorsummit.com/NoteServicing REInvestorsummit.com/Live
This is the fifth episode of the flipping houses training series we are doing on the podcast. We’re still in the foundation stage where we help you work on your mindset and improve yourself so that you are prepared to get out of your comfort zone and make things happen. The podcast is being released every Monday now. This way you can listen in while headed to or from that job that you are working on leaving behind. :) Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001, and has completed over 5,000 unique transactions. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.” Mark is the host of one of the top rated podcast in the Investing Category on iTunes, aptly titled: The Best Passive Income Model. He is also the host of the Land Geek Podcast: Work Smart. Earn More. Learn How. In this episode, Mark shares with us his views on when you should quit your day job and start flipping houses. We know that everybody is at a different place when it comes to how much money they make, what responsibilities they have, families to care for, etc. so we decided to talk about 3 different scenarios for where you might be when making the decision to go full time or get started in this business. I think this boils down to each persons situation, so let’s try to cover several common scenarios: 1. In college, but realizing the corporate world isn’t what they really want. Have the opportunity to live and their parents’ house. Single, so don’t have to support a family. Don’t really have much money at all because either not working or working an entry level job. What do you recommend in this situation? 2. Second scenario: working an entry level job making just above minimum wage and have a family to support. They don’t really have any money available at the end of each month, creating a shoestring budget for finding deals. What do you recommend for this person that really wants to stop trading dollars for hours and provide much more for their family? 3. Working at a corporate job making a decent salary that is sufficient for themselves and their family. They’ve got a little extra money each month and can afford to take a little time off. What do you recommend for this person that wants to exit the rat race and choose their own hours and be their own boss? The answers to these three questions are in the interview. Listen and enjoy. Thanks!
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Ep138 Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001, and has completed over 5,000 unique transactions. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.” Mark is the host of one of the top rated podcast in the Investing Category on iTunes aptly title The Best Passive Income Model. He is also the host of the Land Geek Podcast- Work Smart. Earn More. Learn How. 3 Key Points: The raw undeveloped land market is an untapped real estate niche that if bought and sold correctly, can generate considerable passive income. Selling raw undeveloped land doesn’t require rehab, renters, renovations, or rodent control. It can be done from a computer anywhere. Life is a numbers game. Don’t be fearful and take risks when you can. Episode Notes: 01:00 – Nathan’s introduction to today’s show 01:53 – Mark joins the show 02:39 – Bought 160 acres of raw undeveloped land for 6,200$. Sold for 54,000$ 03:14 – Mark’s company sends direct offers to land holders that are accepted at a 3-5% rate 04:21 – Why selling raw land is an ultimate passive income model 04:50 – Specifics on how Mark’s company turns a profit 06:15 – Land investing is an untapped real estate niche that isn’t intuitively profitable (at first!) 07:15 – The business is still dependent on the market 07:37 – 12% consistent annual returns 09:13 – Mark’s total topline revenue in 2014 was over 1 million dollars 09:21 – Mark’s company’s passive income exceeds its fixed expenses – generating over 20K a month 10:26 – Mark’s company’s average ROI is over 1000% on owner financing and 300% on flips 11:21 – Nathan’s post-podcast experiment 11:51 – Buying correctly, the undeveloped land market is a reliable source of income 12:05 – Amazingly most of the work is automated with software for Mark’s company 13:51 – The Famous Five Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop. Famous 5 Favorite Book?— Give and Take by Adam Grant What CEO do you follow?— Elon Musk What is your favorite online tool?— Voxer Do you get 8 hours of sleep?— Yes If you could let your 20 year old self know one thing, what would it be?— Don’t be fearful, be your authentic self, and understand that life is a numbers game. Take risks when you can. Resources Mentioned: Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects The Best Passive Income Model Podcast – Mark Podolsky’s podcast. Thelandgeek.com – Resource for learning more about the raw undeveloped land market. Voxer – Mark’s favorite communication tool. Elon Musk – CEO Mark follows. Give and Take by Adam Grant – Mark’s recommended business book. Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop. Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop The Top is FOR YOU if you are: A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4) STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7) An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1) The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14). 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. 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