Jenn Foster, co-owner of Elite Online Publishing, interviews Mark Podolsky, an expert in raw land transactions. Mark, author of “Dirt Rich,” shares his inspiring journey from leaving the corporate grind of investment banking to achieving financial independence through land investing.
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What You’ll Learn In This Episode:
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Scaling the Land Business
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Choosing Land for Investment
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Role of Seller Financing in Land Deals
Quotes:
“So he kind of helped me step by step, get out of the business. And so now we use three levers to really grow our land business, which is other people’s time, software and automation and other people’s money. And, and that’s really what, what I do. And, and, and really how I help people escape what I call solo economic dependency, which means that they’re not personally working, they’re not making any money.” (03:47)
“The worst case scenario was I owned raw land. So I’m not filling up my garage with a bunch of stuff which would annoy my wife. Right. I have nothing to maintain, nothing to protect. It can’t be destroyed. And with inflation, that just continues to go up in value.” (12:48)
“But in reality, after doing this for 25 years and 6,500 deals, I’ve never been stuck with a piece of raw land. They all sell at the right price. So. So your biggest risk is just overpaying. And if you overpay in time, you won’t be overpaid and you’ll be able to sell that land.” (13:13)
About Mark Podolsky:
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Video URL: https://youtu.be/4Oghi_wdtC8
Website: https://EliteOnlinePublishing.com
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