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Mark Podolsky - Issue #254

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Mark Podolsky

January 16 · Issue #254 · 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.

Bootcamp Was Phenomenal!
Once again there was magic in the air in San Antonio as Flight School student Adam Egloff sold a deal on Friday making over 600% ROI.
And, Order of Magnitude Coaching Client Larry Overstreet closed 2 deals in real time over the weekend, making that his 3rd of the week. 
Plus, Coaching clients Jen & Tyler Kelly walked us through how they closed 100 deals in 2019!
I just got home from attending The Land Geek Boot Camp in San Antonio. The experience of attending live and seeing firsthand how so many are making this land business work with the help of Mark and his team pushed me over the top. I already thought flipping land was a good idea, but now I know it’s a GREAT IDEA. Kudos to The Land Geek for hosting such a great event with Live inter-actives that made the training fun and realistic at the same time. Totally making the Boot Camp a regular event that I attend. -Russ Morgan
Phenomenal experience at Boot Camp. I didn’t know what to expect going into it but the journey exceeded my expectations. I’d love to be a repeat attendee and be a good resource for this excellent community. Mark and company know their stuff, no question. -Andre Taplin
I cant say enough about the Land Geek and the experience of Boot Camp! I have learned so much about the process and the steps it takes to make a successful passive land business. Im truly empowered to take massive action and I have met so many people who can help me grow this business. Of all of the many people we have interviewed on our podcast, Mark Podolsky is authentic and real and his strategy is absolutely genius. -Joey Mure
Land Geek Boot Camp In San Antonio Texas! This is like drinking out of a firehose, more knowledge/implementation techniques laid out in a step-by-step process to follow. This is been a great weekend I’ll come back again and again. -Scot Poole
If you you have not attended a Land Geek Bootcamp, then you are shorting yourself. The networking alone, not to mention the education are well worth the trip! 10 stars! -Paul Brewer
Mark and the LandGeek crew are an awesome group of people who are genuinely kind and supportive of your success. I have attended two Bootcamps and both times came away with a list of things to do to improve my business. -Amicus Terram
Did I Forget Anything?
Oh yes, just one more thing…
Don’t miss out on another Bootcamp, registration is opening soon for Phoenix: April 17th-19th!
This Week on The Art of Passive Income...
Today’s guest is going to take one of the biggest pain points in your business and solve it. 
Ben Day, owner of LionShareBookkeeping.com, gives business owners back their time, money and sanity. He specializes in small businesses and real estate investors: from wholesalers, flippers, and rentals.
Listen in as Ben talks about all the moving pieces of accounting and why, as a business owner, you need to educate yourself and get financial clarity so you know how to communicate with your accountant. 
We dive deep into:
  • Why bookkeeping is killing people’s businesses
  • The biggest mistakes Ben sees people make
  • Business types—LLC, S Corp, C Corp
Find out why Ben suggests to do a deal before you choose your business type. Plus, he gives advice on getting set up right from day one. 
To learn more about bookkeeping in general, Ben recommends reading Rich Dad Poor Dad to get financially literate. Also, check out his website for free resources.
Most of us can probably agree, bookkeeping ranks pretty low on the fun-meter But, whether you do it yourself or you outsource it, it’s important that you get educated on this vital piece of your business.
In This Week's Round Table...
In this first recorded episode of 2020, the gang’s all back together and ready to discuss their newbie expectations when first starting out in the land business and what the reality really was.
Joining Mark are:
  • Tate Litchfield
  • Mike Zaino
  • Mimi Schmidt
  • Erik Peterson
  • Scott Bossman
  • Scott Todd
Everybody comes into this business with some sort of expectations, whether it’s with high hopes of getting rich quick or cautious optimism, I think I’ll dip a toe in and see if I can do this. The question is, what is actually the reality?
Team Land Geek is going to share their reality with you today.
In short:
Mimi—Thought there would be more cash sooner
Mike—Just wanted to make enough to pay off debt but didn’t expect what really happened
Erik—Very optimistic but then the sales didn’t come
Scott B—Approached with caution
Tate—Underestimated the amount of work required
Scott T—Thought they would be knocking down the door with accepted offers
And Mark, well, he had to come to terms that he couldn’t go through life buying everything 25 cents on the dollar! 
The reality is—this is not a get rich quick plan! This model is simple, but it’s not easy, and it’s not going to happen overnight. You’re setting up a business and that takes time and effort. So take the time to set up your systems and a good team of VA’s that will ultimately take tasks off your plate giving you that time freedom you seek. 
GRITGrit is passion and perseverance for long-term and meaningful goals. It is the ability to persist in something you feel passionate about and persevere when you face obstacles.
Mimi, who is the epitome of Grit, reads the definition and the importance of having it in this business. And, Mike comes up with an acrostic for GRIT… 
Get 
Ready 
It’s 
Tough!
Listen in now to find out all the details of the team’s expectations vs. reality and how they overcame the obstacles… you just might find you can relate to one of them!
Moneeka Sawyer launched a new book on Wednesday and I’m honored that she has included yours truly as an authority in creating passive income through the raw land niche!
You may remember Moneeka from The Art of Passive Income podcast, A Bucketful Of Bliss—Real Estate Strategies Of The Blissful Investor. That episode aired early 2019.
Moneeka is known as The Blissful Investor because of her cheerful exuberant nature.
Geeky Links!
According to Warren Buffett, Honing This One Skill Can Improve Your Worth by 50 Percent
It's okay to miss goals—if you learn from it | Zapier
Want to be more creative? Take a hike.
Don't Be Left On The Ground
Did you see this post from Scott Bossman in The Official Motivation and Wealth Creation Group?
In case you missed it, we posted the comments below.
Andrew Wheeler Provided Confidence and support!
Matthew Forbes Confidence, confidence, confidence. Flight School is such a cheap investment when you can make it back in a few months. If you want to be in this business then to me this is where you start. Carl J. Webb and Jon Burnett what did you guys think?
Sven-Malte Störring It just thought me the right method. Away from the five-digit deals, cash sales and properties under contract that fall apart. Steady small deals selling on terms instead. I love it.
Carl J. Webb What Matthew Forbes said, plus there is no better way to learn than by DOING. That’s what flight school forces you to do. I’m glad that flight school forced me to take action.
Jon Burnett I agree with Carl and Matt. It builds confidence as you jump into completely new territory, and it helps give the motiviation and accountability to actually move forward (rather than getting stuck in paralysis by over analysis - which is my natural tendency)
.Jon Burnett Plus you get to hang out with Scott Todd every week. What could be better than that?
Josh Deel Not only does it offer confidence like Matthew and others have said, and yes it paid for itself before the course even ended, but it also gave me a sense of rhythm. I could feel the rhythm it requires, daily and weekly, to string together month after month of consistent effort required to turn this land investing side hustle into a money making machine.
Paul Brewer Provided the direction needed to actually move the business past the “this sound like it could be a good business idea” to “this is a viable business idea and I actually just sold a property!”
Money and time well spent… not to mention gaining some new friends and being part of a great community! 👍🏻
Rey Reyes Demystified the process and provided a very real, human connection to other people who were going through what we were going through. It also unveiled that the wildly successful people in this niche community were willing to help us through what they had already navigated, failed at, overcome, and accomplished! Success leaves clues! A limitless supply of clues to succeed exist in Flight School and this community.
Adam Egloff Made me take action! It also connected me with like minded individuals that I can talk to and ask questions.
Adam Egloff If you’re on the fence just do it! Literally just got the down payment for my first terms deal. 600% profit and will be more than the cost of flight school when finished out 😃
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