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The Art of Passive Income

Trading In The Pharmacy Coat—How This RE Investor Broke Free Of The 9-5

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

🗓️ 16 May 2019

⏱️ 30 minutes

🧾️ Download transcript

Summary

Stuart Gethner—Pharmacist turned real estate investor, instructor, and coach joins us on The Art of Passive Income to talk about why he left pharmaceuticals in the past to start living life for himself! Stuart, who is also a neighbor of Marks, has been a real estate investor for over 15 years and he's done it all—purchased with cash, traditional financing, self-financing, hard money lending, lease options, subject to deals, wholesaling, fix and flips, but his favorite is buy and hold properties because that strategy creates wealth as opposed to just income. Join the guys as Stuart talks about why he left the pharmaceutical world behind to pursue real estate. And, find out why buy & hold is his favorite now, but is subject to change with the market cycles. The guys delve into: The 1-2 percent rule Stuarts method of acquisition Funding your first deal Scarcity mindset The guys also delve a little deeper into cycles and what Stuart predicts is coming next for the real estate market. Listen in now to hear how this pharmacist turned real estate investor is living life for himself. TIP OF THE WEEK Mark:  Learn more about Stuart at StuartGethner.com. Scott: Check out, Measure What Matters: How Google, Bono, and the Gates Foundation Rock the World with OKRs by John Doerr. Stuart: Be consistent with passion. You have to be passionate with what you’re doing and really be able to put the time, energy, and effort into it. Check out these books:  The Four Agreements: A Practical Guide to Personal Freedom by Don Miguel Ruiz. Illusions: The Adventures of a Reluctant Messiah by Richard Bach. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Transcript

Click on a timestamp to play from that location

0:00.0

Do you have solo economic dependency?

0:03.2

That is, if you aren't working, you aren't making money.

0:06.6

The art of passive income podcast is the solution.

0:10.3

Discover passive income models so you can enjoy life on your own terms.

0:15.2

Let freedom ring.

0:17.5

Hey, it's Mark Fuliski, the Latin Geek, with their favorite niche real estate website,

0:21.5

www.w.com.

0:24.9

And today's guest is actually my neighbor.

0:27.6

Like, we're, like, we probably run into each other all the time.

0:30.8

But before we talk to our real estate guest expert,

0:35.6

I'd be remiss.

0:36.9

I didn't properly introduce my co-host,

0:39.3

Sigma, you know him, you love him. Scott Todd from Scott Todd.netlandmodo.com. And most importantly,

0:48.7

you forgot automating your Craigslist and your Facebook postings, postingdomination.com,

0:54.7

forward slash the land gig.

0:57.1

Scott Todd, how are you?

0:58.8

Mark, I'm great.

0:59.4

How are you?

1:00.8

Pulse is still normal.

1:02.3

Respirations fine.

1:03.7

Drinking a big coffee this morning.

1:06.4

That big one.

...

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