Ep #39: Building Massive Cash Flow with Raw Undeveloped Land – with Mark Podolsky

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 29 September 2014

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

In 2001, Frontier Properties founder Mark Podolsky was an Investment banker with a crazy high-pressure lifestyle in Phoenix.

Like several of his colleagues, Mark liked the idea of investing in real estate. So the next time he earned a commission check, Mark went down to a tax sale auction at the county. He ended up buying a property with a commission from a big deal… and what’s more, Mark put everything he had into buying land in New Mexico.

“My wife thought I was crazy, he says, but I told her, ‘at least we own land.”Sure enough, Mark was able to sell all his New Mexico property at a profit. Even better, Mark was soon able to quit his job to go into the real estate business full-time.

Mark shares with us the steps he took to get to where he is today in having completed more than 5,000+ land transactions. Also, Mark walks us through a few of his most recent land acquisitions and speaks specifically to the step by step process of how he’s built his business.

In this interview with Mark you’re going to learn:

How to buy raw vacant land in desirable areas for 10-20 cents on the dollar
The reasons why sellers will let their land go for so cheap
How he's been able to consistently get returns as high as 1,000% and won't even consider a deal unless he's set to make a minimum return of 300%
How you can truly get started in this niche with very little money - seriously, this isn't BS.
How to find the best end buyers for your raw land deals
The biggest challenges with this strategy
Why he offers easy no qualifying seller financing
How he does all of his due diligence from his home in AZ and never visits a property in person

And much more

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.2	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen.
0:21.9	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:30.1	Hey guys, Kevin Bup here with episode number 39 of the Real Estate Investing for Cashflow
0:35.2	Podcast for missions to help you build and maintain
0:38.0	massive amounts of cash flow through income producing real estate investments.
0:42.3	Our guest for this week's show is Mark Podolsky from Paradise Valley, Arizona.
0:47.1	Mark is in a very unique investment niche.
0:50.3	He's a raw land investor who specializes in buying rural vacant land parcels for pennies on a dollar and then reselling them on terms to end buyers.
0:59.1	He also does some flips as well, but his primary objective is to sell deals on owner financing at retail price and create performing notes for himself.
1:07.6	He currently has over 150 performing notes in his portfolio and has completed well
1:12.3	over 5,000 unique transactions over the 14 years that he's been in this business. And, you know,
1:17.4	I was really, really excited to have this conversation with Mark because this is the niche that I knew
1:21.9	nothing about. I mean, I've never even considered buying a vacant land parcel. And the last thing I ever thought of is that you can actually create a passive income
1:30.8	or you can have a passive income strategy by buying cheaper all land and turning around
1:35.1	selling it on owner financing terms to end buyers.
1:37.5	In fact, I would think that there wouldn't be that many end buyers who'd be looking for
1:40.7	vacant parcels.
1:41.7	But Mark proved me wrong.
1:43.7	And it got me really excited
	...

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