Monthly Archives: October 2015

Mark Chats with Neal Frankle from WealthPilgrim.com
Oct 29

Mark Chats with Neal Frankle from WealthPilgrim.com

Mark Chats with Neal Frankle from WealthPilgrim.com

In this episode of the Best Passive Income Model Podcast, Mark chats with Neal Frankle from WealthPilgrim.com.

Neal is a fellow geek , a financial planner.

Listen in as Mark and Uncle Neal discuss investments and planning and even marriage advice; money, sex, and kids!

Thank you for listening to The Best Passive Income Model podcast. Your support helps me attract great guests who share knowledge that you can use to grow your business.

If you’d like to help out the Land Geek Community, please rate, review, and subscribe to the podcast on iTunes.

Tip of the week:

Neal: First, Stop! Do not pass go, get yourself a financial planner! Second: Pay yourself first!

Mark: Learn more about Neal at WealthPilgrim.com.

Coffee Talk With Matt Bowles MaverickInvestorGroup.com
Oct 28

Coffee Talk With The Land Geek — Matt Bowles MaverickInvestorGroup.com

Coffee Talk With Matt Bowles MaverickInvestorGroup.com

Join Mark Podolsky, The Land Geek, and Matt Bowles from MaverickInvestorGroup.com.

Matt created a free guide exclusively for The Land Geek Commmunity! Thank you, Matt! Download your free guide, How to Avoid the 7 Biggest Mistakes Real Estate Investors are Making in the 2015 Boom Cycle.

Want to learn how to flip land? Get The Passive Income Launch Kit today for $7.00 ($97 Value) at http://bit.ly/1E6KIOu

Thank you for listening to The Best Passive Income Model podcast. Your support helps me attract great guests who share knowledge that you can use to grow your business.

If you’d like to help out the Land Geek Community, please rate, review, and subscribe to the podcast on
iTunes
.

 

Be sure to visit Matt Bowles at MaverickInvestorGroup.com!

Skeptical About Land Investing?
Oct 26

Skeptical About Land Investing?

Skeptical About Land Investing?

understand, it sounds too good to be true, right?! I mean, you can buy property for $500? $100? Even $50? And all you have to do is pay a little bit of back tax?

In 2001, for some weird reason, I wasn’t as skeptical as I probably should have been. So I started doing what these infomercials used to say late at night, send out letters to people who owe back taxes and offer them fifty bucks for the property. The infomercials promised that you’d be snatching up all these properties for pennies!

Well, guess what? It didn’t work. But I did find through a ton of trial and error, a system that actually did work. There is a target market out there and a system that if applied and done correctly, people will accept your offers. Now, it may not always be a steal at $50, but it will be for pennies on the dollar. The key is to find the right seller, with the right mindset, at the right time. That’s the secret I have discovered. Through the system I’ve developed and laid out in The Investor’s Toolkit, you will be able to start acquiring properties right away after learning the secret formula.

The Investor’s Toolkit is a system that works every single time. It is a step-by-step blueprint. All you need to do is take the effort to say, “Okay, here is my list. This is a targeted group of people that I know are in a position to accept my offer. Out of these 100 offers, I’m going to get at least five deals out of that target market. Out of those five deals, I’m probably going to make $15,000 to $20,000. If I can do that every single month, I’ve got something.”

It’s all about understanding the systems and methods I’ve developed; starting your own land investing business, developing your niche, and generating a passive income begin with The Investor’s Toolkit.

Mark Chats with Brandon Turner from BiggerPockets.com
Oct 22

Mark Chats with Brandon Turner from BiggerPockets.com

Mark Chats with Brandon Turner from BiggerPockets.com

 

In this episode of the Best Passive Income Model Podcast, Mark chats with THE Brandon Turner from BiggerPockets.com.

Brandon is an active real estate investor and the VP of Growth and Communications at BiggerPockets.com. He’s been actively involved in real estate since he was 21 and is totally and fully in love with the whole business.

Listen in and discover how sexy Brandon Turner thinks flipping raw land is!

Thank you for listening to The Best Passive Income Model podcast. Your support helps me attract great guests who share knowledge that you can use to grow your business.

If you’d like to help out the Land Geek Community, please rate, review, and subscribe to the podcast on iTunes.

Tip of the week:

Brandon: The 10X Rule by Grant Cardone, The One Thing by Gary Keller, and The Miracle Morning by Hal Elrod.

Mark: Learn more about Brandon at BiggerPockets.com/ubg and check out his book, The Book on Investing in Real Estate with No (and Low) Money Down!

Coffee Talk With The Land Geek — Seth Williams REtipster.com
Oct 19

Coffee Talk With The Land Geek — Seth Williams REtipster.com

Coffee Talk With The Land Geek — Seth Williams REtipster.com

Join Mark Podolsky, The Land Geek, and Seth Williams from REtipster.com as they discuss how to sell properties that haven’t been moving quickly. It can be stressful when a great piece of property or real estate just sits there! Listen in and see how Mark and Seth help move investments quickly.

Want to learn how to flip land? Get The Passive Income Launch Kit today for $7.00 ($97 Value) at http://bit.ly/1E6KIOu

Thank you for listening to The Best Passive Income Model podcast. Your support helps me attract great guests who share knowledge that you can use to grow your business.

If you’d like to help out the Land Geek Community, please rate, review, and subscribe to the podcast on
iTunes
.

 

Be sure to visit Seth William at REtipster.com!

Why would someone lose their property?
Oct 19

Why Would Someone Lose Their Property?

Why would someone lose their property?

I have been investing in raw land since 2001, and the question I hear all the time is WHY? Why would someone lose their property? How do they get to the point of losing a great piece of property that I can buy for pennies on the dollar and turn around and make a HUGE profit on it?

Too often, people think there must be something wrong with the property. Why else would anyone let a valuable piece of property go? The truth is, that is almost never the case.

There are a lot of reasons why somebody would lose their property. Maybe they are going through a costly divorce. Maybe they live out of state and they are never going to use that property. Maybe they bought it for speculation like a legacy investor and then decided, “You know what? This is just a big mistake.” Maybe unfortunately, their parents died and they inherited the property and they actually have no emotional attachment to it and they get the tax bill and think, “This is not an asset. This is a liability. We are never going to use this property.”

There are lots of reasons someone would lose their property. There are as many reasons why people don’t want a property as there are people. There is typically nothing wrong with that property, the owner simply views that piece of land as a HEADACHE. Not only can you make a HUGE return on investment with buying and selling raw land, but time and time again you will discover that you are actually helping out the seller by relieving them of their headache.

If you’re ready to dive in and learn the ins and out, from start to finish how to buy and sell raw land, then be sure to check out The Investor’s Toolkit, it’s where I explain my entire method, giving away ALL my secrets and I even include copies and templates of all the paperwork and contracts you will need to start a successful land investing business yourself.

Mark Chats with Deacon Hayes
Oct 15

Mark Chats with Deacon Hayes from WellKeptWallet.com

Mark Chats with Deacon Hayes

In this episode of the Best Passive Income Model Podcast, Mark chats with Deacon Hayes from WellKeptWallet.com.

Deacon is a financial expert, a speaker, and a podcaster. You’ve probably seen his stuff on Yahoo Finance, US News and World Report, CNN Money, and his story is really interesting.

Deacon managed to successfully eliminate his debt in just eighteen months. Having once been overwhelmed by debt himself, Deacon understands first-hand the effects financial strains can place on one’s life and has a passion for helping laypeople rid themselves of debt.

Thank you for listening to The Best Passive Income Model podcast. Your support helps me attract great guests who share knowledge that you can use to grow your business.

If you’d like to help out the Land Geek Community, please rate, review, and subscribe to the podcast on iTunes.

Tip of the week:

Deacon: Read The Millionaire Mind by Thomas Stanley.

Mark: Learn more about Deacon at WellKeptWallet.com and be sure to check out his podcast!

Mark Chats with Deacon Hayes

 

Tax Delinquent Investing Explained
Oct 12

Tax Delinquent Investing Explained

Tax Delinquent Investing Explained

There are five important departments that you need to really understand when you first get started in tax delinquent investing in order to begin buying property pennies on the dollar. You are going to consistently use these five county departments, especially the first three.

The first department you’re going to need to know really well is the county treasurer. Your county may have a different name for it but basically, this is the department that collects property taxes. In The Investor’s Toolkit, I share with you the exact letter that I use to contact the country treasurer to get the list of people that owe back taxes, in the format that we need. Get to know the county treasurer really, really well.

The second department is the county assessor. I’m sure you’ve received property notice evaluations in the mail for your house or other types of real estate that you have owned and this is from the county assessor. The assessed value is always a percentage of the market value. It may have nothing to do with what a property is really worth.

The key thing the assessor also has are plot maps. Plot maps are simply those maps that are going to help you locate your property. So when you are doing your research, go to the county assessor and find out if they have the plot map for that subdivision or that area that you are interested in researching. The county assessor is critical when you are doing your mapping and your research.

The third most important county official is the county recorder. The recorder, obviously, records all the legal documents for that property. They are going to record any liens, including IRS liens, and any types of encumbrances on that property. You can really dig deep into the recorder’s office and do your own virtual title search.

Most recorders today have all this information digitized to make it real easy but there are still some counties out there that are in the process. So you want to know the recorder really well. After you sell your property, you are going to record all your documents with the county recorder and get to know their fees.

The three most important county departments are your treasurer, your assessor, and your recorder.

Now the fourth department in the county is going to be the mapping department. If the assessor doesn’t have the plot maps or the subdivision maps that you need, the mapping department will. They will typically charge $5 to $20 for those maps. So if the county assessor can’t help with your mapping needs, the mapping department can.

And then finally, the fifth department is planning and zoning. If you buy property out in the city, you want to know about the zoning, right? It will be residential or commercial, and if it is in the city it is not going to be agricultural. But if you are buying on the outskirts, it could be zoned agricultural. You want to know these things. You want to know exactly what you can and you can’t do on that property. The planning and zoning department will have all those answers for you.

Also, if you want to convert that property into a higher and better use, so for example, the property is used agriculturally now but you want to turn it into a residential lot, planning and zoning will walk you through the steps needed to file those permits to change the zoning regulations.

Once you understand each department’s role, it’s easy to see who you’ll need to contact during your research. Those departments above are the five most important departments you need to get to know in order to succeed in acquiring raw land.

Mark Chats with Lolita Sheriow
Oct 08

Mark Chats with Real Estate Investor and Author Lolita Sheriow

Mark Chats with Lolita Sheriow

In this episode of the Best Passive Income Model Podcast, Mark chats with Lolita Sheriow, author of Take Action: 21 Steps on How To Take Action and Get Results in Real Estate.

Lolita Sheriow, Lo, is an entrepreneur, author, speaker, motivator, and mentor. Listen in and learn and be inspired by one of THE best real estate investors out there.

So grab your cup of coffee and get ready for some gospel music!

Thank you for listening to The Best Passive Income Model podcast. Your support helps me attract great guests who share knowledge that you can use to grow your business.

If you’d like to help out the Land Geek Community, please rate, review, and subscribe to the podcast on iTunes.

Tip of the week:

Lo: Read The 10X Rule by Grant Cardone and The 4-Hour Workweek by Tim Ferriss.

Mark: Learn more about Lo Sheriow at TakeActionLo.com. She shares with you the seven secrets to wholesaling profits.

Mark Chats with Lolita Sheriow

My Favorite Quick Flip Platform
Oct 05

My Favorite Quick Flip Platform

My Favorite Quick Flip Platform

When I first got started in land flipping, there was one platform online that assured me quick cash, easy cash, and amazing margins. We’re talking 200-300% return on investments. I’m sure you’ve heard of this platform and I’m sure you’ve used this platform, although some land investors still haven’t utilized this tool for their land investing business.

[Tweet “Hundreds of properties are sold everyday on eBay. Yes, eBay.”]

Now, eBay is great, right? Although it doesn’t come without disadvantages. The biggest pitfall of eBay and why I don’t exclusively sell on eBay is that you’re not going to get the highest price. However, if you want to hold out for the highest price, you can list your properties on the MLS, and go through a realtor. But that could take three, eight, six, even twelve months or longer.

On eBay, I sell properties in a week. Especially when you are just staring out, it is a great way to get that cash flowing, to build your confidence, and start growing your sales and your customer base while building your list. eBay gives you amazing lead generation.

It’s really no secret, I love eBay as a sales platform. There are many others that I use as well online but when you first start out, eBay is a fantastic way to flip a property. If you haven’t yet jumped into selling your properties on eBay, I highly recommend you take the plunge and see if you can’t make some quick cash in the next 30 days.

[Tweet “Take the plunge and see if you can’t make some quick cash in the next 30 days on eBay.”]

Again, the biggest disadvantage is that you’re not going to get the highest price but you are going to get the quickest sale and that’s a win. It is easy, so start building up your rating now on eBay. The quickest way to do that is to just buy coupons, or some other small, cheap item on eBay and make sure those people are giving you positive feedback.

In a nutshell, build up your eBay rating now before you’re ready to list your properties. Then once you do list your properties, expect a quick turn around on your investment!