Working In Saturated Counties—Should You Move On Or Put On Your Fisherman Hat?

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

🗓️ 16 April 2019

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Can a county become too saturated? It’s a topic that comes up often. More specifically, there is an area in CO with a lot of investor activity, does that mean you should look elsewhere or throw in your fishing pole? It just depends on what kind of fisherman you are. Join Mark and Team Geek: Erik Peterson Aaron Williams Mimi Schmidt Scott Bossman Scott Todd ...as they offer sagacious advice when working in saturated areas. Even when an area is rich in investors it doesn’t mean that you won’t find the deals there. It means that the market is good and there is a high demand in that area. It may take a little more work, but the deals are there. What can you do if you are working in a saturated area? Find a way to stand out Specialize in a certain niche Diversify Put together a good buyers list Keep showing up Know your numbers As Scott Todd points out, LGPass has put out over 700,000 offer letters in the past 2.5 years. And when Scott ran the numbers on one particular area, one APN number had only been mailed to 3-4 times, in that time frame. The market is the market. If the market is saying to you that there is high demand for that area, then investors will go there. What you will find is when you put on your fisherman’s hat, some people will go out and fish and if they don’t get a bite or 2 within the first hour, they go back home. Other people will hang out there 8 hours and they’ll catch some fish and they’ll be super happy because this place is great. Then some people, like myself, will hang out there 18 years and they will keep catching fish because they keep showing up because they know that there is fish there. And I don't care if on one day or one week I don’t catch any fish. I know there are fish there, I know they are delicious, and I know they’re going to make me fat & happy. -Mark Listen in now for all the details! TIP OF THE WEEK Mimi: Check out this website called YouTubeEmbedCode.com. It's a code generator to embed videos on your website or give to your clients. It's easy and FREE. 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 their favorite niche real estate website,
0:22.3	www.com.
0:24.5	And on today's roundtable, we've got the technician.
0:29.4	Eric Peterson.
0:30.3	What's up, Eric?
0:32.1	Not much.
0:33.0	Just hanging out with you guys.
0:36.1	It's always great, isn't it? Just to get's all it's always great isn't it just to get together it's
0:40.1	it's a it's a great thing to look forward to every tuesday yeah it really is it really is we got
0:47.2	bear land erin bear land erin Williams how are you hey i'm doing pretty good all right how's everybody
0:55.5	good to see you.
0:56.6	Good to see you.
0:57.1	We've got the terrorist hunter.
0:59.1	Mimi Schmidt.
1:00.1	Mimi, are we safer?
1:02.7	Oh.
1:04.8	I don't know.
	...

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