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The Land Geek Weekly Digest - Issue #372

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The Land Geek Weekly Digest

April 29 · Issue #372 · View online

A weekly newsletter to help you become a better land investor so you can create passive income without renters, rehabs renovations or rodents. Learn more at www.thelandgeek.com/training


T-Thoughts
“Other people are the best antidote to the downs of life and the single most reliable up.” Martin Seligman, psychologist
Think about it: when you’re feeling down, what’s the best way to pick yourself up? Other people. Whether it’s a friend who knows just how to make you laugh or a complete stranger who offers words of encouragement, interacting with other humans is one of the most reliable ways to boost your mood.
It’s a strange time in life when we’re surrounded by other people that have their heads down staring at a small screen in the palm of their hand.
One of the best experiences of my life was flying to Australia and having a layover in Fiji. During that layover, my buddy Dan and I met a young woman traveling by herself. We struck up a conversation and after several hours talking together, she invited us to go on holiday with her family and friends.
We spent five days on a remote beach with her family and friends and for the next three months, they plugged us into the Sydney social scene.
All from one serendipitous encounter…
Is it me or do those random encounters while waiting in line seem to happen less and less as our attention is being sucked into the endlessly entertaining and informing interwebs.?
One of my favorite things about our Land Geek is our community. Whether online or in person we are all in this business together helping, encouraging, and supporting each other.
In fact, research has shown that social interaction is one of the main things that contribute to happiness. So next time you’re feeling down, go out and spend some time with your friends, family, or your Land Geek community–or even better, meet some new people! You’ll be surprised at how much better you feel after just a few hours surrounded by others.
Our next live Boot Camp is in August and it’s worth attending just for the connections alone! Save the date now in your calendars for August 12-14 in San Antonio! Yeehaw!
“Some people think they are in community, but they are only in proximity. True community requires commitment and openness. It is a willingness to extend yourself to encounter and know the other.” –David Spangler
L-Land
This Week on The Art of Passive Income...
On this week’s episode of The Art of Passive Income, Mark and Scott welcome entrepreneur and co-author, Todd Mardis and tax attorney, Dustin Jeffords to the show.
Todd Mardis is the founder and president of Capital Preservation Services, CPS. He draws upon 25 years of experience in the financial services industry. With his extensive experience, Capital Preservation Services has since grown into a tax consulting firm with multiple locations in Mississippi, Florida, Wisconsin, Indiana, and Alabama with over 10 advisors. Dustin Jeffords who is a tax attorney serves as an outside legal counsel for Capital Preservation Services. He focuses on audit defense and building relationships with his clients. His skillsets have facilitated significantly to the continuous growth and success of Capital Preservation Services.
Todd provides clients with comprehensive income/estate tax planning and asset protection, as well as targeted capital preservation services and marketing plans. He is the co-author of “Capital Crusaders,” a book that gives you the keys to your financial future. It teaches you to think outside the box and how to take risks. To show his appreciation for his clients, Todd hosts an annual event known as “Tax Savings in the Sand” that includes a wine and cheese reception at his family’s beach cottage.  
Listen in as they discuss:
  • What inspired Todd to start his tax business 
  • How did Dustin begin his career at Capital Preservation Services and what is his role
  • What is Capital Preservation Services’ tax plan for their clients
And, more!
Todd also shares the worst advice he has ever seen or heard given in his area of expertise of tax strategy and marketing.
TIP OF THE WEEK
Mark: My tip of the week is not really going to save you any money on your taxes, which again is your biggest expense as a business owner. To learn more, go to cpsllcms.com. Working with these guys is just one of the greatest experiences in my life.
Scott: Check out this book, “Advertising Headlines That Make You Rich: Create Winning Ads, Web Pages, Sales Letters, and More” by David Garfinkel. Read it and learn!
Todd: My tip would be a book by Walt Dallas that I co-authored called Capital Crusaders. It has great insights. We take all of the techniques that we do, and we have it leveled how they work. It’s 12 Chapters, easy to read and it’s conversational.
Dustin: My tip of the week is to look inside the CARES Act. There are some deductions that were not available previously, especially for meals. So you can look at the CARES Act and see if you took any business meals that will now be 100% deductible with the passing of the CARES Act.
In This Week's Round Table...
On this episode of the Art of Passive Income podcast, the Land Geeks welcome Justin Moy, multifamily real estate investment expert.
Justin helps individuals create generational wealth by bridging the gap between capital and reliable, consistent and profitable multifamily properties.
As Principal of Perpetual Wealth Capital, Justin connects investors to the best and most reliable sources of passive income within the multifamily space.
Episode Notes
Joining Mark for this session are:
  • Mike Zaino
  • Erik Peterson
  • Tate Litchfield
  • Scott Todd
…and our special guest, Justin Moy!
Listen in as the Land Geeks go around the table and ask Justin questions about:
  • How he got started in multifamily real estate
  • What got him excited about multifamily investing
  • What he’d say to someone just starting out with little cash for their first few deals
  • How to find deals in today’s market
Justin also shares some little known facts about multifamily investing.
TIP OF THE WEEK
Justin: My tip of the week is something so simple, but it has changed the trajectory of my life–both personally and professionally. Always look for reasons to be grateful. If you’re able to start with gratitude and look for reasons to be grateful, you’re always going to find what you’re looking for.
Also, the book “Limitless” by Jim Kwik changed my life. It’s so good at breaking down barriers and opening up possibilities. It opened my eyes to thinking multifamily investment was even a possibility for me.
Mark: Learn more about multifamily investing and Justin Moy at https://perpetualwealthcapital.com/. If you do want to learn multifamily, you can download Justin’s free eBook at thedefinitiveguidebook.com.
G-Gratitude
Annie, we’re so glad you love the Boot Camps! We’re looking forward to meeting live in August.
Geeky Links!
Rich Dad Fundamentals: The CASHFLOW Quadrant
Stay On the Bus: The Proven Path to Doing Unique and Meaningful Work
All The Strategizing You’re Doing Is Sabotaging Your Success
Get Ready To Take Flight School in May... Click below.
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