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In this episode, we ask:
- What is raw land investing?
- Who is the Land Geek, Mark Podolsky?
- What is solo economic dependency?
- What does Mark Podolsky teach to his students?
- How does Mark Podolsky pull passive income from raw land?
- What can you learn about property taxes?
- What do the comps say?
- What’s a “margin of safety”?
- What about research?
- How can pricing be irresistible?
- How is this different than owning real estate with tenants?
- What’s Mark Podolsky’s story?
- How many deals has Mark Podolsky done?
- How does Mark Podolsky let the data guide him?
- Who is raw land investing for?
- How can we think like an entrepreneur?
- What did Mark Podolsky learn in the process?
- What’s trading on terms?
- What happens once Mark Podolsky purchases an asset?
- What percent does Mark Podolsky want to see?
- Can you sell a partial note?
- How long does it take to set up this business?
- What is different about land?
- Is raw land boring?
- How is raw land a niche?
- What happens if the buyer stops buying?
- What is geekpay.io?
- What happens if someone stops paying on the note?
- What happens in defaults?
- Why does Mark Podolsky love defaults?
- What happens to the yield?
- What’s a QRP?
- What about depreciation?
- Can you use a Bank on Yourself type policy in conjunction with raw land investing?
- What does Mark Podolsky offer?
- How does raw land investing set up passive income?
- Why is passive income important?
- How might we move up Maslow’s hierarchy of needs?
- What is the simplest way to get into real estate?
- Is there anything out there that is easy?
- Is anything worth doing easy?
- Would you like to read Mark Podolsky’s book, Dirt Rich?
- Would you like the launch kit course? thelandgeek.com/launchkit
- What are the takeaways?
- Would you like to send us a screenshot of your review? Email us your screenshot t0 hello@nyafiancialpodcast.com, and we’ll send you the NEW book, Rescue Your Retirement by Pamela Yellen for FREE!
Armed with only $3,000, gut-wrenching fear, and absolutely no real estate experience… Mark Podolsky bought his first few parcels of raw land in 2001.
Today Mark is the author of Dirt Rich, the ultimate guide to helping you build a passive income. and owner of Frontier Properties, a very reputable and successful land investing company, and has been buying and selling land full time since 2001. By focusing on working smart, not hard, he has completed over 5,000 land deals with an average ROI of over 300% on cash flips, and over 1,000% on the deals he sells with financing terms.
Prior to his land investing success, Mark had a high-stress, soulless corporate job, and felt trapped in a state of solo-economic-dependency (i.e. his income stopped as soon as he stopped working).
Escaping solo-economic dependency changed Mark’s life in so many positive ways that he decided to teach, coach and mentor others to help them achieve their financial goals.
Even though Mark invests a lot of his time helping others, he stays actively involved in running his land investing business, and is dedicated to teaching the most current and relevant “real world” land investing methods to his students.
