Mark Podolsky shares his journey leaving the corporate world and starting his own land investing business. He explains how land investing works and the systems he created to consistently generate 300% returns. He then discusses the way he turned his land investing into a location-independent business by building systems and processes, automating, delegating, and hiring a team to run the different aspects of it. He talks about his leadership style, his hiring process, and how he manages an internationally distributed team. He then explains how and why he began creating an information product/service business where he mentors and teaches others how to replicate his methods. He also talks about his podcast “The Art of Passive Income”, shares his top tips on podcasting. He then talks about his book “Dirt Rich” and explains how and why he wrote it. Mark then shares his biggest business mistakes and how he manages stress and handles business setbacks. He discusses his morning routine, meditation practices, and the creative ways he integrates fitness into his life. Mark also explains his lifestyle design choices now that he has automated his business. He then shares his favorite book, app, travel destination, the advice he would give to his 18-year-old self and the celebrity with whom he would most like to have dinner. FULL SHOW NOTES AVAILABLE at www.TheMaverickShow.com
Episode #45: Closing 5,000 Raw Land Deals with 300% ROI and The Art of Passive Income with Mark Podolsky
Episode Summary
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About the Guest
Mark Podolsky
Mark Podolsky (aka The Land Geek) is a location independent entrepreneur, real estate investor, and the founder and owner of Frontier Properties which has completed over 5,000 raw land deals since 2001 with an average ROI of over 300% on cash flips, and over 1,000% on financed deals. Mark has also built an information product and coaching business around his land investing techniques where he trains and mentors students on how they can replicate his methods. He has automated his land investing processes, and he has built his company with a completely location independent infrastructure so he can run it from anywhere in the world. He hosts The Art of Passive Income podcast and he is the author of the book “Dirt Rich: How One Ambitiously Lazy Geek Created Passive Income in Real Estate Without Renters, Renovations, and Rehabs”. Mark, Welcome to the Show.
What You'll Learn
- How to Invest in raw land and generate a 300% ROI.
- How to build an automated, location independent business.
- How to build an info-product and coaching business around your expertise.
Links From the Episode
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GET YOUR FREE PASSIVE INCOME LAUNCH KIT ($97 VALUE)
GET MARK’S BOOK
MARK’S BOOK RECOMMENDATIONS
MARK’S APP/PRODUCTIVITY TOOL RECOMMENDATION
PERSON WITH WHOM MARK WOULD MOST LIKE TO HAVE DINNER
LISTEN TO MARK’S PODCASTS
LOCATION WHERE THE INTERVIEW TOOK PLACE
MARK’S #1 FAVORITE TRAVEL DESTINATION
MARK’S #1 BUCKET LIST DESTINATION
CHECK FLIGHT PRICES TO ANY OF THESE LOCATIONS
CONTACT MARK
Time Stamped Show Notes
[3:55] Mark’s Journey from the Corporate World to Land Investing
- Disillusionment with the investment banking world
- Mark’s first land investing deal
- Quitting his corporate job when his land investing income exceeded his salary
[6:37] How Mark Consistently Generates 300% Returns on His Raw Land Deals
- How Mark identifies advantageous land deals
- Mark’s due diligence regimen
- How Mark generates passive income from raw land
- How Mark flips land in 30 days or less
- Mark’s techniques for building his buyer list, marketing and selling raw land
[17:07] Building and Automating Frontier Properties
- The step by step process Mark used to build and automate his business
- Building systems and processes, delegating and outsourcing
- The automation techniques and software Mark uses for each process
- Mark’s process for hiring the best talent
- How Mark manages an internationally distributed team
[25:40] Building an Info-Product and Coaching Business
- How Mark decided to start his land investing education business
- Mark’s primary motive for mentoring students in his land investing methods
- How he markets and sells his information products
- How Mark scaled his coaching business so he is no longer working ‘in’ the business
- Mark’s top tip for getting into the info-product business
[33:48] “The Art of Passive Income” Podcast
- Mark’s podcasting journey and the 3 different podcasts he has hosted
- What Mark is currently doing with “The Art of Passive Income” show
- Mark’s top tip on what marks a truly great podcast
- Mark’s advice on how to build a podcast audience
[37:49] Mark #1 Most Effective Marketing Technique
[40:07] Mark’s Book “Dirt Rich”
- Why Mark wrote the book
- What to expect from the book
- Unveiling his biggest mistakes
[43:15] Mark’s Mindfulness Practices and Stress Reduction Techniques
- Deconstructing stress
- Being Present in the moment
- Mark’s meditation practice
- His morning routine
- How Mark integrates fitness into his work day
- Mark’s take on an effective gratitude practice
- How Mark designs his lifestyle and structures his week
- How he makes his days as meaningful as possible
[52:54] The Lightning Round
- The #1 book Mark recommends
- The #1 productivity tool Mark recommends
- The person with whom Mark would most like to have dinner
- The advice Mark would give to his 18-year-old self
- Mark’s #1 favorite travel destination
- Mark’s #1 bucket list destination
[58:36] Contact Mark
- How to learn more about land investing
- Get Mark’s $97 course for free
- How to read Mark’s book
- How to listen to Mark’s podcast
