How much can you get out of raw land? It’s different from your usual real estate investment asset but our guest Mark Podolsky (AKA The Land Geek) has found a way to maximize opportunities from raw land and create passive income. Mark is considered the country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. For almost two decades, Mark has been actively investing in real estate and raw land and has completed over 5,000 unique transactions.
Mark hosts The Art of Passive Income podcast and he’s the author of Dirt Rich: How One Ambitiously Lazy Geek Created Passive Income in Real Estate Without Renters, Renovations, and Rehabs. Having escaped the corporate world and solo-economic dependency himself, Mark works as a coach and mentor to help others achieve their financial freedom goals. He is dedicated to teaching current, relevant, “real-world” investing methods to his students.
Join us as he shares his insights about raw land as an asset. He dives deep into acquiring land and how versatile it can be during a recession. Tune in!
HIGHLIGHTS OF THE EPISODE
00:26 – Guest Intro: Mark Podolsky
01:00 – Mark and his family
02:10 – Raw land and how to create cash flow from it
05:37 – Transfer the deed or sell on a land contract
07:43 – How people end up owning land and not do anything with it
09:22 – Finding people who sells raw land
10:44 – Getting responses from potential land sellers
12:13 – How this asset class does during a potential recession
15:35 – Legal issues and workarounds
16:29 – What landowners do with their land
17:17 – How investors work with Mark
18:22 – Other opportunities from raw land
20:55 – How long Mark has been doing this model
21:13 – Surviving the downturn and his book “Dirt Rich”
22:14 – Will the rising interest rates fix the supply chain?
23:25 – We’re not the only irresponsible countries out there
25:00 – Taxes on raw land
27:47 – Final thoughts and book recommendation
If you found this episode substantial and want to dig deeper into real estate, or maybe you want to discover better investment opportunities, be sure to check out www.tempofunding.com.
CONNECTING WITH THE GUEST
Book: “Dirt Rich: How One Ambitiously Lazy Geek Created Passive Income in Real Estate Without Renters, Renovations, and Rehabs”