27: Making Raw Land Cash Flow with Mark Podolsky of The Art of Passive Income Podcast
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 17 April 2015
⏱️ 37 minutes
🧾️ Download transcript
Summary
#27: Mark Podolsky tells Get Rich Education how he produces cash flow from raw land.
Listen to this week’s show and learn:
02:05 Residential property management, fees, and an operations example at Keith’s 11-plex apartment building.
06:51 The classic professional management vs. self-management debate.
07:47 Mark Podolsky’s model eliminates the need for any property management at all.
09:57 Mark Podolsky interview begins and he explains his business model.
15:10 How to find out when & where land auctions are.
16:28 An example of how to structure a cash flowing raw land deal.
18:06 Why you can buy others’ raw land for pennies on the dollar.
19:29 How to identify the best land parcels.
25:45 How to start with essentially zero money.
28:11 What one needs to know before starting.
30:02 Mark’s big mistake.
Resources mentioned:
www.TheLandGeek.com
The Best Passive Income Model podcast
www.Naco.org
www.WeGoLook.com
Transcript
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| 0:00.0 | Get Rich Education is brought to you by Audible, more than 150,000 audiobooks to choose from for your mobile device. |
| 0:09.0 | Welcome to Get Rich Education with Keith Winehole, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires than anything else and can |
| 0:23.0 | provide you with more wealth and happiness than you ever thought possible now here's your host |
| 0:29.1 | investor entrepreneur business owner and educator Keith Weinhold welcome to to Get Rich Education. |
| 0:38.8 | This is episode 27. |
| 0:40.5 | I'm your host, and my name is Keith Weinhold. |
| 0:43.1 | I know we've got many listeners that have listened to every show right from episode |
| 0:48.4 | one more than six months ago because those listeners have told me, and it's hard for me |
| 0:53.4 | to even express how grateful I am for that. |
| 0:56.4 | So, hey, well, I'm feeling good. |
| 0:58.7 | I just came from the gym a little earlier. |
| 1:01.4 | Great workout, and my trainer had me doing some moves that I've never done before. |
| 1:06.4 | The music was a little old today, though. |
| 1:08.1 | They played, like, naughty by nature, OPP, and some other old stuff like that played like naughty by nature OPP and some other old |
| 1:12.0 | stuff like that so you down with OPP yeah it wasn't like 1993 so well hey with residential |
| 1:21.5 | real estate investing if you're aware of leverage cash flow a good market and a good property |
| 1:27.3 | manager rates of return of 25 to 30% |
| 1:30.8 | per year are common. That's why real estate has made so many ordinary people wealthy. Those that come |
| 1:38.4 | from the buy-and-hold stock world don't yet know how that's possible, and part of what we do here |
| 1:43.8 | helps you understand that. |
| 1:45.7 | Well, if you've got more time than money and you have an ambition to learn, today's show |
| 1:51.2 | could be very much for you. And even if that's not your situation, you're going to find today |
... |
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