EP 102: Master Raw Land Investing with Land Nerd, Mark Podolsky
In this episode of the Real Estate Investor MBA podcast, Tejas Gosai interviews Mark Podolsky, also known as the "land nerd," about his successful career in land investing. Mark shares his background and experience in buying and selling land, highlighting the low-risk and profitable nature of this investment strategy. They discuss the benefits of land investing, including the ability to work from home and create passive income. Mark explains how he mitigates the perceived risks of land investing and shares success stories of individuals who have achieved financial freedom through this niche. They also touch on tax benefits, scaling up the business, and effective marketing strategies. Listeners are directed to visit Mark's website, The Land Geek, for more information.
During the interview, Mark emphasizes the importance of conducting thorough due diligence before purchasing land, including researching the market, zoning regulations, and potential uses for the property. He also provides valuable insights into negotiating with sellers and finding motivated sellers who are willing to sell their land at a discounted price. Mark's expertise and passion for land investing shine through in this episode, making it a must-listen for anyone interested in diversifying their investment portfolio or exploring alternative investment opportunities.
💥💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Introduction of Mark Podolsky as a guest on the Real Estate Investor MBA podcast
Mark's background in land investing and his success in completing over 5000 land deals
Benefits of land investing, including the ability to work from home and create passive income
Mitigating the perceived risks of land investing
The barrier to entry in land investing is education and mindset shift, not financial
Outsourcing work to virtual assistants and scaling a land business using other people's time, software automation, and other people's money
The success story of a former corporate lawyer earning passive income through land investing
Tax benefits and the use of self-directed retirement accounts in land investing
Best areas for land investing
Dealing with financial insecurity and scaling up the land business
Marketing strategies and building a large following
How to get in touch with Mark and join his mission through his website, The Land Geek.
Tweetables:
“There are no tax benefits because land lasts forever. We don't get depreciation, right? However, if you are going to use a self-directed vehicle, like a SEP and a Roth IRA, you can build up your retirement funds and supercharge them with these crazy returns in that fashion.” –Mark Podolsky
“You can always make more money, you can't get more time. So when we teach people how to do this, we really keep an eye on that. So we completely eliminate getting a list, pricing a list, scrubbing a list, all those fun things, the due diligence piece, just buy it wholesale, and then we teach you how to market it and sell it retail. Once you get that money going, then you might invest in it yourself and really go deeper into the model.” –Mark Podolsky
"Once we create enough passive income where it exceeds your fixed expenses and you're working because you want to not because you have to, life becomes so much more interesting." –Mark Podolsky
"There's no greater privilege in my mind than to be able to change the trajectory of someone's life and bask in that gratitude when someone calls me or emails me, saying 'Mark, you've changed my life.' I'm able to spend so much more time with my family now, where I've been able to replace my income. I've eliminated this big bucket of stress in my life called money, and to me, that just keeps me motivated to really free people. It's the greatest privilege." –Mark Podolsky
"If Tesla stock can lose half its value tomorrow and I'm a Tesla shareholder, I don't feel great about it, but if I've got 200 different notes on 200 different properties and one falls out, I'm not losing sleep." –Mark Podolsky
Resources
About Mark Podolsky
Armed with only $3,000, gut-wrenching fear, and absolutely no real estate experience, Mark 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 5,500 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.
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The education we provide is sponsored by Lehigh Valley Fund. The fund earns returns through real estate investing and pays inventors an average 10% return with a 12 - 18% target*
Click here to book Fund Manager Tejas Gosai.
Contact Jerna Bentilanon to schedule a visit to our offices or a tour of one of our properties: j.b@lvpefund.com, 610-230-7777
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