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Mark Podolsky - Issue #243

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Mark Podolsky

October 31 · Issue #243 · View online
Mark Podolsky (AKA The Land Geek), successful land investor, land investing coach and creator of the popular Land Geek Podcast and Best Passive Income Model Podcast argues he has the best model for investing in real estate. Discover why Land Investing is "The Ultimate Subscription Model" (no physical inventory, a one-time sale, recurring revenue, a built-in incentive for the buyer to continue paying, and low competition). Learn about strategies, skills and helpful tips that will help you grow your Passive Income through Land Investing. Learn more at http://www.thelandgeek.com.

Scottsdale Bootcamp Was A Huge Success!
Listen in to hear what the Aboussie’s had to say about last weekend’s Bootcamp in Scottsdale.
We have our sights set on San Antonio next—January 10th-12th, so mark your calendars now! We will have a booking link on the website soon, you can also email [email protected] with any questions.
This Week on The Art of Passive Income...
Glenn Geller is super savvy when it comes to tech and innovation, having created some amazing businesses and technology that we all know and use. Today he talks about his newest piece of technology, Symposium.
Symposium is a live broadcasting marketplace that essentially gives anyone in the world a pay-per-view style channel that they can make money from anywhere. Mark describes it as a mix of EventBright and Zoom and Glenn throws in a few more components like Google calendars and third-party payment solutions, like Stripe.
You might also recognize some of his other brainchildren:
  • The prepaid debit card
  • Tap to pay
  • Internet kiosks and other self-service touchscreen devices like the ones you find at hotels
Listen in to this interesting conversation as Glenn tells us how he went from creating a show control program for the theater to creating some of the world’s most used technology.
He also answers the questions:
  • How does Symposium differs from Clarity?
  • If you have a small business, like land investing, what would be the three most important components of getting traction in the marketplace?
Plus, Glenn gives us advice for app launching.
Then, Mark asks Glenn the deep questions, including:
When you’ve achieved the level of success that you have and you’re on top of the mountain and you don’t need to do anything else, where do you find the purpose, or the why, to scale all the way back down and go through those trials and tribulations to climb all the way back up again?
Find out Glenn’s answer and so much more on today’s episode of The Art of Passive Income!
In This Week's Round Table...
With Mark away this week, Scott Todd takes the reins and leads the team into a discussion about their most recent deals. in this week’s Round Table.
Joining Scott are:
  • Mike Zaino
  • Erik Peterson
  • Tate Litchfield
With an equal number of Mac vs. Surface users on the call, listen in as team MacSurf shares all the details surrounding their most recent deals including the returns and terms. In short:
  • Erik had a 2-for-2 DOTW
  • Mike sold one on terms that wasn’t too shabby and one acquisition that leaves Scott & Tate in a bidding war
  • Tate went against all rules & guidelines and agreed to collect the doc fee over time
  • Scott shares a case of John Doe and a land swap
This leads into a discussion on the shame of cash deals and breaking the rules… and by discussion we mean more along the lines of a razzing. But, in all seriousness, the points made shows how much flexibility we have in this business.
Flexibility on how you want to run your business. Flexibility to meet your customers needs. As Scott points out, it’s not like houses, you can’t swap out a house if your buyer decides he no longer wants that one.
Also, this week, we’re going to change up the tip of the week, mostly since there was no tip of the week! So, here are the Rules & Guidelines of Land Investing in the words of #TeamLandGeek.
Scott—With all of these kinds of rules or guidelines, that’s just all that they are. They are rules, they are guidelines, they’re not laws. And what’s cool is that we all have the flexibility to be ourselves, to be human.
Tate—At first you want to keep it as safe as possible. You don’t want to waste your time, you don’t want to waste your resources, so stick to the proven path. But ultimately, you’ve got to be flexible, we’re not banks, we’re not big corporations. We’re mom-and-pop land investors we’re working with people who want to work with mom-and-pop organizations. So be that land seller.
Mike—When someone is new to the business we don’t want them to get tripped up. If you’ve been doing the business long enough, you get a sense for who you’re dealing with, you get a sense for what’s going on. But the general rule that we create is to keep people safe from getting all the docs done and then the buyer doesn’t pay a dime. So, yes, as you become seasoned in this business you begin to recognize the ways that you can do deals that work. But in the beginning it is a safe rule to have as a guideline to keep you protected from putting yourself into a bad spot.
Erik: I am yet to break the rule over not accepting electronic payment for terms. In other words, the only way I do a deal is if I have ACH or credit card payment for the terms deal.
And, back to the razzing, the guys point out how strange it is that Mark & Scott Bossman are both away on a “trip” this week. It will be interesting to see how this all plays out next week…
The Land Geek Guys Have Their Own Jingle!
The Land Geek Spotlight
Check out the most recent episode of Nite Cap and the new intro jingle from Aileen DeAugustine! Aileen, if you don’t know, is a Land Geek student who is rocking the songs for us. Thanks Aileen!
In case you missed Tate’s song, you can catch it HERE.
Geeky Links!
Eat That Frog: A Practical Approach to Reaching Your Goals
6 Amazing SEO Strategies for Social Media You Need to Know
In The Flow: How To Master Your Brain's Peak Productivity
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