108: The Best Passive Income Model?

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 30 April 2015

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

I was very excited to sit down with Mark Podolsky, The Land Geek, to talk about his side-hustle-turned-full-time-biz of investing in raw land. In fact, he was able to replace his day job income and quit his job only 18 months after starting. Mark calls it the best passive income model because you don't have to worry about building a website, building a product, dealing with tenants, dealing with repairs, or selling a service.

Transcript

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0:00.0	Side Hustle Show 108, the best passive income model,
0:03.4	learned the low-risk way to invest in raw land
0:05.9	for quick flips or long-term passive income.
0:09.2	Welcome to the Side Hustle Show,
0:12.4	where aspiring part-time entrepreneurs learn how to turn their
0:15.5	side hustle dreams into reality.
0:18.5	Because your 9-to-5 may make you a living, but your 5-9 makes you alive and now your host Nick Loper.
0:27.0	Everybody Nick Loper here welcome to the Side Hustle Show. This is episode 108, the best passive income model.
0:38.0	Now in fairness, I'm borrowing that name from my guest, Mark Podolsky from the land geek
0:42.9	land geek.com who thinks he's found the best passive income model and also
0:46.8	hosts a podcast about it. So what is it? It's raw land investing. It's the side
0:52.0	hustle I've never even heard of before I talked to
0:54.0	Mark. I mean we've talked real estate on the show before a couple different times
0:58.6	both you know real estate wholesaling residential stuff and and air b and b but nothing
1:06.1	nothing quite like this so so listen in to to learn how to get started with very
1:11.3	low upfront cost.
1:12.8	That was one of my biggest questions,
1:14.5	like how much does it, I mean, real estate is expensive
1:17.0	and land is the biggest part of that.
1:20.1	So where to find land for sale,
1:21.8	how to do your due diligence as a buyer, and then where to find
1:26.8	the next buyers, who to find who to flip it to or who to lease it back to, do owner financing deals to you to set to set yourself up to
	...

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