720: Build a Dirt Rich Passive Income: Frontier Property Real Estate Land Deals with The Land Geek Mark Podolsky

Mark Podolsky, also known as the "Land Geek," is an expert in the world of real estate investing. He has completed over 5,000 land deals, with an average return on investment of over 300% on cash flips and over 1,000% on deals sold with financing terms. Mark is the author of the book "Dirt Rich," which provides a comprehensive guide to building a passive income through real estate. Additionally, he hosts the "Art of Passive Income" podcast, where he shares his insights and strategies with listeners. Today, Mark shares his land business model, which involves acquiring undervalued properties, conducting due diligence, and then quickly reselling them for a profit.

Quotes

“If you'll do for the next three to five 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.” - Mark Podolsky

“People are always going to want a real asset, and they're always going to want a good deal.” - Mark Podolsky

“I can always make more money, but I can't get more time, so I outsource it.” - Mark Podolsky

Takeaways

01:41 Acquiring undervalued properties with tax liens or delinquent taxes can be a lucrative real estate investment strategy.

02:43 Effective marketing, including compelling headlines, urgency, and clear calls to action, is crucial for quickly reselling acquired properties.

05:16 Automating repetitive business processes can free up time and allow for a more hands-off approach to running a real estate investment business.

13:33 Intentionally managing one's schedule and prioritizing personal time can lead to greater work-life balance and overall well-being.

20:25 Continuously learning, innovating, and exploring new opportunities is key to maintaining a successful and adaptable real estate investment business.

26:28 The land business model offers stability and scalability compared to other real estate or online business ventures, as the core asset (raw land) is a consistent and less competitive investment opportunity.

Resources

Podcast: Play in new window | Download (Duration: 28:44 — 26.5MB) | Embed

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Filed in: Archive 3: 2018-2020 • Interview • Podcast • Real Estate

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