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The Art of Passive Income

There Is No Time Limit In The Land Business—Slow And Steady Moves The Needle

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

🗓️ 22 May 2018

⏱️ 39 minutes

🧾️ Download transcript

Summary

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by: Jeannie Morem Tate Litchfield Scott Todd This week we are going deep into managing our expectations. There is no time limit when it comes to land… it’s not a one size fits all business. You shouldn't base your success on someone else's progress or timeframe. As long as you keep moving forward steadily, you will move the needle at any pace you set! The group gives great advice on: Keeping your pace slow and steady Why you shouldn’t set deadlines What if a property is slow to sell? There's no race to get to the finish line, some people put deadlines on the sale side and if it doesn't sell by that time they chalk it up as bad land and wholesale it, when in fact all it needs are some adjustments. Find out where you can make adjustments to appease the market. Also, find out how Scott answered this question from Mark: From a mindset perspective, how would you hack someone's expectations? Negotiating for a higher down payment—Scott breaks down the numbers on a recent terms sale and how he negotiated for a higher down to recoup most of his money. Should you always try to get a higher down payment and how far should you push that envelope? Listen in for all the details. And also, there's a new coach in town, find out who just signed on the be part of our coaching team! Plus, today’s post Let Freedom Ring chat….. Awkward. TIP OF THE WEEK Mark:  The official launch date of Dirt Rich is May 28th! 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, it's Mark Podolsky, The Geek for their favorite niche real estate website,

0:21.9

www.w.com.

0:24.9

And for this week's roundtable podcast, we have Jeannie,

0:30.9

feeling better, morum.

0:32.5

Jeannie, how are you?

0:33.7

Great. Thanks for asking.

0:35.8

Great, great.

0:37.3

Jeannie's been a little under the weather and uh finally got a good

0:41.1

diagnosis so great to have genie back and then of course we've got i love it when you call me big

0:49.7

papa tate litchfield the big papa how are you t I'm good. Happy to be on the call this week.

0:56.3

It never gets old for me, by the way. I don't think it gets old for anyone. Maybe Scott Todd,

1:01.5

but everyone else, I think they like it. They like it when you sing. I think I came up with that title, didn't I?

1:10.2

You might have said it.

1:12.5

Yeah.

1:14.0

I said that's what we're going to start calling them.

1:16.7

Yeah, yeah, but only I know Biggie Smalls, I think.

1:19.8

Well, now I walk around, like my wife and I will go on walks, and I'm out there rapping, you know I like it when you call me big pop and she's

1:29.1

looking like I'm crazy be quiet be quiet I'm like flare this song baby yeah yeah um by the way

1:39.4

in June uh Tate Kanye was dropping another album I saw that yeah. Yeah. Are we going to go this time?

1:47.1

To see Kanye? Yeah, absolutely. Let's do it. Yeah. Bucket list. Exactly. So, uh, and then of course,

...

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