cash Archives - The Land Geek

In this episode of the Best Passive Income Model Podcast, Mark chats with Matt Remuzzi from CapForge.com

Listen in as Mark and Matt talk about accounting and bookkeeping in any business.

Matt also has a special offer for The Land Geek Community, click here for details!

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:

David: Fiverr a real handy place to go and get quick little tasks done. I’ve had people on their help me out with quick website fixes, do some flyer designs, postcard designs, do a little bit of our content creation, do some SEO help, even some voice work I got for my podcasting podcast and podcast cover art.

Mark: Go to CapForge.com, learn more about Matt and the services.

In this episode of the Best Passive Income Model Podcast, Mark chats with Scott Todd from LandModo.com.

Listen in as Mark and Scott talk about world domination and total commitment as we end the year and gear up for 2016! This is the time to build a bonfire–it’s time to up your mailings!

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:

Scott: If your phone is not ringing off the hook, and your properties are not selling quickly, it’s time to up your game. You need to at least triple your ads!

Mark: Learn more about Scott Todd at LandModo.com. Also, read The 10x Rule and get ready for world domination!

In this episode of the Best Passive Income Model Podcast, Mark chats with Marco Santarelli From NoradaRealEstate.com.

Listen in and discover how Marco became an investor and what tips he has for you!

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:

Marco: On our website, NoradaRealEstate.com at the top, there’s always a post called The Ten Rules of Successful Real Estate Investing. It’s a sticky post so it’s always at the top, and within that list is “my rule to be market agnostic.” Go read it!

Mark: Learn more about Marco Santarelli at NoradaRealEstate.com and PassiveRealEstateInvesting.com.

Join Mark Podolsky, The Land Geek, and David Barnett from InvestLocalBook.com.

A virtual cup of coffee and a business lesson!

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 David Barnett at InvestLocalBook.com!

In this episode of the Best Passive Income Model Podcast, Mark chats with Brock Collins from FreedomRealEstateInvesting.com and the Freedom Real Estate Investing Podcast.

Listen in and discover Brock’s journey as a real estate investor for the past 15 years. Brock has had such success and wants to help others too! He launched a Podcast where he interviews successful real estate investors all across the U.S. His goal is to help you get in to profit mode faster by sharing real life motivational interviews. These are just average people who are Finding Their Freedom through Real Estate Investing.

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:

Brock: Whatever your goal is with real estate investing, write it down on paper. I’m presuming you’ve already established your why. And now, you’re going to have a goal. So whatever your goal is, write it down on paper. OK?

Next, what I want you to do is I want you to write down actionable daily steps to help you reach that goal. What do you have to do tomorrow to reach one more step close to that goal?

And finally, one of the most important thing that has worked great for me over the years is to give yourself a realistic deadline. If you have a goal and there’s no deadline, it’s really hard to meet that goal. OK? But make it realistic. If it’s six months, if it’s three months, is it a year? But every day, take action steps.

And the other thing I can say Mark, is look at your goal sheet every day and then keep taking the action steps towards your freedom.

Mark: Learn more about Brock Collins and establishing freedom with real estate in the aptly titled name, FreedomRealEstateInvesting.com as well as Brock’s podcast, Freedom Real Estate Investing.

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.

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!

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.

In this episode of the Best Passive Income Model Podcast, Mark chats with David Barnett, author of Invest Local.

David Barnett has an amazing business model… he’s a broker of commercial debt solutions for small and medium sized enterprises and has arranged financing for over 100 small and medium sized companies. Working with entrepreneurs to build their companies, David’s business model may have Mark’s beat.

Listen in to find out if Mark has finally met his match!

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:

David: Go sign-up for the free newsletter at HPnotes.com.

Mark: Learn more about David Barnett and check out his website InvestLocalBook.com and you can find his book here!

I had read Zero to One by billionaire PayPal founder, Peter Thiel last year. It was a great book that is full of truths that apply to every market out there. The biggest take-away for me was that you really need to be a monopoly and dominate your niche. What can you do better than anyone else?

[Tweet “Monopoly is the condition of every successful business. -Peter Thiel”]

But Peter goes one step further and explains that it’s not just dominating your niche, but how can you narrow that down more and dominate your sub-nice to eliminate competition.

[Tweet “All failed companies are the same: they failed to escape competition. -Peter Thiel”]

In your niche, no matter what it may be, what can you do better than anyone else around?

What uniqueness can you add to the market?

How can you eliminate competition?

EVERY MOMENT IN BUSINESS happens only once. The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. And the next Mark Zuckerberg won’t create a social network. If you are copying these guys, you aren’t learning from them.

-Peter Thiel, Zero to One

Peter says the best way to succeed is to avoid the competition. So true! We don’t need another McDonald’s or Facebook – what’s the next big thing? If you are working towards the next social media platform, how can you dominate the market by offering something truly unique? We’ve got to stop copying the big shots. We need to learn all we can from them, but we need to stop copying every move – every idea – and truly find our own market.

How does this relate to land investing?

Land investing is easy to get into, but it’s not necessarily easy to dominate. How can you stand out from the crowd and offer something truly different so that potential buyers flock to you?

Ask yourself a few questions…

What will be your sub-niche?

What will your specialty be?

Will you cater to the preppers?

Will you be a wholesaler?

Land investing can be crowded, but it is not saturated. It’s a great time to develop strategies now that will grow your business, giving you an expertise and advantage over others.

How will you dominate your sub-niche?