Uncovering The Real Deal—Do You Have The Grit To Be A RE Investor?

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

5 • 681 Ratings

🗓️ 14 June 2018

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode of The Art of Passive Income, Mark and Scott talk with Mike Hambright—FlipNerd.com. Mike is a successful real estate investor who wanted to give back, so he started a real estate podcast where he interviewed experts in real estate investing. Just under 2 years of doing the podcasts, Mike turned FlipNerd into a membership site and started coaching and training others in real estate. Mike and Mark both agree that at the end of the day, doing deals is phenomenal but it’s not satisfying. The real satisfaction comes from helping others succeed in this business. Mike finds that a lot of those who are just starting out don’t understand the importance of the business side of investing because the “reality” house flipping shows glamourize it... you don’t instantly flip a house and get rich, there is a lot of work that goes in behind it! He explains that the hardest part of the process is finding the deal and three important components necessary to run this business are: Creating systems and processes Lead generation Investing in marketing Listen in now as we extract Mike’s success secrets, including which characteristics are in his magical real estate elixir—Key criteria found in successful investors. There is one in particular that if you don’t have will cause failure early on! We also tackle: Abundance mentality Shiny object syndrome Dealing with haters Plus, Scott shares a story of a difficult seller who kept bidding him up and he felt like she didn’t like him. Wait until you hear the goosebump moment after closing the deal with her… it was an eye-opener for Scott! Listen in for details... TIP OF THE WEEK Mark: Learn more about Mike by going to his website at FlipNerd.com. Scott: Check out PotCoin.com for alternative payment methods for your customers. Mike: Look for ways to continuously simplify your life. 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?
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.
0:17.6	Hey, it's Mark Podoski, The Land Geek, with your favorite niche real estate website,
0:22.0	www.wet, www.com.
0:25.6	And today's guest is always, always just puts a smile in my face.
0:30.1	He was on the Best Passive Income Meadow podcast.
0:33.0	He is, I don't know.
0:35.2	I mean, I don't want to be, I don't want to be too hyperbolic, Scott Todd, but
0:38.6	should we just call him a real estate genius? Yeah, I mean, you know, of all the, of all of the
0:46.6	people out there that are talking about real estate. Our guest today is like not only a
0:52.9	talker, but he actually does it.
0:55.6	Would you like we call him like the Gary V of real estate?
0:59.1	Would that be a fair?
1:00.2	And in fact, I brought this up, but I can literally, I mean, he's so reliable and
1:05.1	consistent.
1:05.6	I can set my watch by his emails that can market.
1:08.1	Well, and that's why I'm so excited to talk to him because, you know,
1:10.4	we're going to be able to extract so many of the success secrets from our guests.
1:15.3	But before we do, I'd be remiss if I didn't properly introduce my co-host, Scott Todd,
	...

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