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The Art of Passive Income

Is There Land You Should Avoid Buying? Value Is In The Eye Of The Beholder

The Art of Passive Income

Mark Podolsky

Howtobecomearealestateinvestor, Taxlieninvesting, How To, Entrepreneurship, Bestwaytostartinvestinginrealestate, Education, Passiveincome, Bestwaytoinvestinrealestate, Taxlienproperties, Taxliensales, Howtomakemoneyinrealestate, Taxlienpropertiesforsale, Passiverealestateincome, Makingmoneyfromrealestate, Bestrealestateinvestments, Howtobuytaxlienproperties, Business, Realestate, Propertytaxliens, Startingarealestatebusiness, Investing

5681 Ratings

🗓️ 1 May 2018

⏱️ 31 minutes

🧾️ Download transcript

Summary

In today’s episode of The Art of Passive Income—Round Table edition, Scott Todd is taking over the controls while Mark is away and joining him are: Scott Bossman Jeannie Morem Erik Peterson Aaron Williams Tate Litchfield Jeannie starts us off with the question, is there such a thing as bad land? She was told by the county that the land she bought is useless because it can’t be developed but she has sold property in that area before without any problems. She also took a field trip out to see it and found it had beautiful views. So does bad land really exist or is value in the eye of the beholder? I wouldn't say that there is bad land, just bad buys. Anything can be good if it's at the right price. The people at the county have a single track thought process. They’re processing papers and 90% of that is building permits so as far as they're concerned, that property that can’t be developed is useless. But, what about the guy who just wants to take his ATV out there and cram around or somebody that's a serious rock hound? That’s extremely valuable property to them. So, that person at the county is not your customer. I would say there’s not so much bad land, but some undesirable bits about it. Just make sure you get it at the right price and then it's good land. -Aaron Everyone shares their property field trip experiences and advice on why you shouldn’t let some undesirable conditions concern you. And, wait until you hear Tate’s nightmare field trip where he was stuck on the property in the middle of the desert and had to dig his way out in 100-degree weather, and he had no water! Then, Aaron shares the details of an eBay auction he had to kill because the numbers weren’t working for him. Was it a good move? Listen in as we go over eBay pricing strategies so the numbers make sense! TIP OF THE WEEK Erik: A quote by Dale Carnegie, Develop success from failures. Discouragement and failure are two of the surest stepping stones to success. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Transcript

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0:00.0

Do you have solo economic dependency? That is, if you aren't working, you aren't making money.

0:06.6

The art of passive income podcast is the solution. Discover passive income models so you can enjoy life on your own terms. Let freedom ring.

0:17.5

Hey everyone, it's Scott Todd and filling in for Mark, well, not filling in for him.

0:22.6

I'm like, I am as co-host on this podcast, but today's roundtable, we've got some cool guests.

0:29.1

Scott Balsman's with us, and Scott said that his audio is a little laggy.

0:34.0

But, Scott, can you hear us?

0:37.0

Yeah, I can hear you great. All right. See, a little delay.

0:41.5

It's okay, though, Scott. You still sound great and glad you're with us today, okay?

0:47.5

All right. Also with us is Jeannie Morum. Jeannie, how are you today?

0:53.0

Fantastic. Thank you.

0:55.1

Jeannie's brought us a great topic.

0:56.9

I can't wait to dig into it.

0:58.1

So we'll hear more of what she has to say.

1:01.5

How can you go wrong with the next guy?

1:04.1

Like the original team Scott.

1:05.7

He gave me the original team Scott shirt.

1:08.0

My friend, Eric.

1:10.7

Eric, how are you today I'm good Scott how are you

1:13.9

good I put on that team Scott shirt the other day I said to my wife I'm like team Scott baby

1:20.2

and she looked at and she's like why did it say 700 again I'm like stop

1:24.0

a few years ago so So always thinking about Eric.

1:29.7

And then with us, it wouldn't be a round table without like this guy because he's,

...

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