Why Land Might be the Key to Unlocking Your Financial Freedom with Mark Podolsky, Ep 121
Manage episode 456414449 series 3371550
Welcome to the Journey to Multifamily Millions podcast, where we speak with professionals on property investing!
Mark Podolsky is the author of “Dirt Rich,” the ultimate guide to investing in land and the owner of Frontier Properties, where he has been buying and selling land full-time since 2001.
Mark discusses how he went from being a burned-out investment banker to becoming a successful full-time land investor. He explains his profitable land-flipping strategy and emphasizes the value of building a volume business with appropriate automation, systems, and procedures.
In addition, he dispels myths regarding land investing, explains how he manages risks, and discusses his philosophy and personal roadmap to success. Mark provides priceless guidance for anyone interested in the specialized market of raw land investments, including tips on how to get started, pick the ideal property, and deal with competition. He also discusses his path into coaching, highlighting the immense fulfillment he gets from assisting others in achieving financial independence.
Episode Topics
[01:21] Meet our guest, Mark Podolsky
[06:43] The Land Flipping Model Explained
[13:28] Automating the Land Business
[19:47] Accessing County Information
[20:50] Finding Tax Delinquent Properties
[22:03] Leveraging Virtual Assistants
[28:52] What is one red flag every investor should look out for?
[29:29] What is a myth about the real estate business?
[31:13] Connecting with Mark
Notable Quotes
- "Even if I couldn’t sell the land, it wouldn’t clutter my garage or lose value. It lasts forever, doesn’t need maintenance, and can’t be destroyed." – Mark Podolsky
- "I outsource due diligence to verify ownership, back taxes, and title before closing." – Mark Podolsky
- "It’s about stacking different notes to build monthly income, especially when you’re free and clear of the original investment early on." – Tim Little
- "The biggest risk with hard-to-sell properties is paying the property taxes yourself, but other fees are minimal." – Tim Little
- "For sourcing and deal flow, it’s about leveraging systems, automations, and outsourcing key tasks like due diligence to stay efficient." – Tim Little
- "My mission is to help as many people as I can solve their money and time problems, without creating another job for themselves." – Mark Podolsky
👉Connect with Mark Podolsky
- LinkedIn: Mark Podolsky
- Website: The Land Geek
- Book: Dirt Rich
- Telephone: 888-620-6742
👉 Connect with Tim
- Linkedin: Tim Little
- Instagram: @tim_at_zana
- Email: tim@zanainvestments.com
- Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
- Get your Passive Investor's Cheat Sheet FREE
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https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497
121 episoder