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The Art of Passive Income

Mark Podolsky (AKA The Land Geek) and Scott Todd from ScottTodd.net are successful land investors, land investing coaches and committed to helping you break out of solo-economic dependency. Discover why Land Investing is The Best Passive Income Model (no physical inventory, a one-time sale, recurring revenue, a built-in incentive for the buyer to continue paying, and low competition). Learn about strategies, skills and helpful tips that will help you grow your Passive Income through Land Investing and other passive models.
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Jan 22, 2019

Recovering from an exhilarating Bootcamp weekend in San Antonio, Mark and the panel of geeks get together for today’s Round Table to talk about their biggest takeaways, and there were a lot of them!

Today’s panel includes:

  • Mimi Schmidt
  • Erik Peterson
  • Scott Bossman
  • Aaron Williams
  • Tate Litchfield
  • Scott Todd

One takeaway that was reiterated by many was how well our coaching clients are doing. Over the weekend, some of the coaching students shared their stories in a session called, Grill the Geeks—Inspiring and motivating the room and reassuring those who are just starting out in the business that this model is real and can be done as long as you follow the recipe and take action!

Mark gets a little teary eyed when Tate shares how 2 of his clients are really crushing it in passive income and Scott B. points out how more advanced the coaching clients are compared to three years ago and attributes that to Flight School.

Bootcamp Magic did not let us down either. Once again it waved its wand over San Antonio and the deals appeared. There were many that took place over the weekend and we share the details with you!

Also discussed:

  • Planning and prioritizing
  • Free vs Paid traffic

Plus, we give a shout out to those who decided to take massive action right after Bootcamp and sign up for Flight School… and it’s quite an impressive list! There was also a Top Gun VIP who decided to sign up for coaching right there in real time and it was quite a special moment to take him straight into the VIP room! Congratulations to all for taking that next step in creating your financial freedom!

Don’t fear taking action and don’t fear change -Scott Todd

TIP OF THE WEEK

Scott Todd: Stop annoying robocalls with Hiya. But, for those pesky calls that slip past the filter, Scott also has a solution for them… and since it is difficult to be put into words, you’ll have to listen in to hear from the man himself!

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Jan 17, 2019

Mark and Scott talk with Andy Storch—performance coach, sales leader, and international speaker who has worked with big companies such as Salesforce.com, Oracle, Google, Box, Toyota, Genentech, State Farm, Red Bull, Deloitte, KPMG, HP, Sony, Bechtel, Cisco.

Andy is also the host of The Andy Storch Show—a podcast where he puts entrepreneurs in the hot seat! Plus, he's just an all around a great guy that you want to hang out with because afterward, you feel like you are smarter and better than you were before.

Today, we get into leadership qualities and the most important ingredients in that recipe.

Andy describes a good leader as one who has empathy and the ability to connect with people.

Listen in as we expand on that and dive deep into all the attributes of a good leader.

Plus, find out:

  • Andy’s three tips for good management
  • Traditional education vs non-traditional
  • The worst advice Andy has seen given
  • Andy’s most worthwhile investment

Also, find out if Andy gets Mark to drink the Tony Robbins Kool-aid!

TIP OF THE WEEK

Mark: Learn more about Andy by going to his website AndyStorch.com.

Scott:  Check out the app GIFABLE—a screen recording app that allows you to create gifs.

Andy: Sit down and write some very concrete smart goals for the upcoming new year. Whether you do it for the year or each quarter, sit down and write some smart goals in every area of your life.

Google, "The Wheel Of Life"—you can get it from Tony Robins and other places. Think about where you are in different areas of your life—work, relationships, spirituality, health. Figure out where are you are satisfied and where you feel like you want to make improvements, then:

  • set goals around the areas you want improvement 
  • write down the results and the methods to reach those results 

Then, find an accountability partner. Someone who can hold you accountable, that knows what you're trying to do, that can support you. 

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Jan 15, 2019

In the first Round Table of 2019, Mark is joined by:

  • Aaron Williams
  • Mimi Schmidt
  • Erik Peterson
  • Mike Zaino
  • Tate Litchfield
  • Scott Todd

Join the panel of geeks as they go over their own experiences with poor response rates. It’s something that everyone struggles with at one time or another, even the seasoned pros. There could be a variety of reasons for low to no responses, but how do the pros adjust and proceed?

Find out how our geeky panel pivots and what valuable information Tate learned about a recent mailer with ZERO responses in a new area.

If you haven’t had a bad mailing, you’re not mailing enough -Tate

Mimi, who just started working in a new area, shares how she’s getting very high response rates... 5 leads for every 3 general ads! The problem is she can’t find comps anywhere. The county has no sales data and even the local appraiser has a hard time getting the comparisons. There is high interest in the area with both buyers and sellers, so how should she proceed with pricing?

Listen in as everyone weighs in and then Mimi knocks it out of the park with the Tip of the Week!

TIP OF THE WEEK

Mimi: For ad content, check out WalkScore.com to find nearby amenities to use in your marketing campaign.Things like restaurants, coffee shops, grocery stores, schools, parks, and more.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Jan 10, 2019

Ozeal Debastos—podcaster, a proud gen-xer and a digital marketing strategist for Houston-based creative marketing agency: Rekord, join Mark and Scott on today’s episode of The Art of Passive Income, to talk about what it takes to break through your fears!

Ozeal’s goal is to provide early-stage solopreneurs and creatives, simple, practical lessons that he’s learned along his own extensive creative journey.

Ozeal, who is passionate about the online media economy, shares his aha moment when he breakdanced his way out of his timid teenage shell and now shares his experiences to help others break through their own shells—those timid and shy entrepreneurs who are in the beginning stages and don’t quite know how to be themselves.

Listen in as the guys delve deep into pinpointing their fears so they can face them head-on.

Plus, find out the three people Ozeal would have over for dinner and what he would ask them. Ozeal then throws that questions right back to Mark and Scott. See how they answered...

TIP OF THE WEEK

Mark:  Learn more about Ozeal, get digital marketing tips, and listen to his podcast at ThinkOzeal.com.

Scott: Check out the website, MailCastr.com. It's a plugin for Gmail that creates a professional looking signature and has real-time email tracking.

Ozeal: Check out the Netflix documentary, Minimalism: A Documentary About the Important Things. It really puts perspective on having enough and scaling down and embracing minimalism as a lifestyle.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Jan 8, 2019

In today’s episode of The Art of Passive Income, Best of Round Table edition—With the new year just beginning and goals still on everyone's minds, we decided to dig deep into our vaults and pull out past segments that are centered around goal setting. 

Why is it important to set goals?

Goals are important, not only for business but in life as well, as they:

  • Give you focus
  • Allow you to measure your progress
  • Give you motivation
  • Hold you accountable

And, they also create a roadmap that leads you to a direct destination. Without that specified destination, you end up driving around aimlessly without purpose.

Whether you have already set your 2019 goals or you are still working on them, listen in as we revisit some of the most informative segments on goal setting for this business.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want

Jan 3, 2019

In today’s episode of The Art of Passive Income, our newest coach Mimi Schmidt joins Mark and Scott and gives them an in-depth look into her land investing journey.

Mimi was part of customs and border protection for the Dept. of Homeland Security. She managed data analytics teams who looked for weapons of mass destruction, narcotics, and terrorists.

While she found her job with DHS interesting it was also very demanding, stressful, and the commutes were grueling… taking valuable time away from her family.

Mimi found Mark through the podcasts she listened to during her long commutes and Mark’s method of creating passive income through raw land investing really piqued her interest. So she decided to give land investing a go.

Three years and 9 Bootcamps later, Mimi has officially replaced her income at DHS through land investing and was able to quit her J.O.B. to take on her business full time giving her more freedom and time to spend with her family.

How did she do it with very limited time and all the while trying to prove to her family that it is a legitimate business capable of producing enough income that she needed to leave her job?

One word: GRIT firmness of mind or spirit: unyielding courage in the face of hardship.

The grit you just can’t give up. You have to set your expectations that you’re going to do this until you are succeeding. ~Mimi

Also, discussed in this episode:

  • Mimi’s bold move at her first Bootcamp
  • How she bridged the gap between her super-analytical side and her entrepreneurial side
  • Mimi’s witches brew of a land investor
  • How Mimi utilized her limited time to learn the business
  • What she took away from coaching that was monumental in her success

Plus, the guys share stories about Mimi and so much more! 

Mimi’s story is an inspirational one that speaks to so many. Part of what made her successful is that she didn't use time as an excuse and she never set any artificial time horizons. By taking time out of the success equation, she not only proved to her family but she also proved to herself that with hard work and determination you can do anything, you just have to set your mind to it and don’t give up!

Listen in as Mimi shows us why she is the epitome of grit!

TIP OF THE WEEK

Mark: Read the book, The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success by William M. Thorndike.

Scott: For website contact forms, check out JotForms.com and HelloForms.co.

Mimi:  For your terms deals, Geekpay is truly the best solution. But for your cash deals, wholesale deals, and for paying your state-side VAs use Facebook Messenger. It's 100% free!

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Dec 31, 2018

In today’s episode of The Art of Passive Income—Best of Round Table edition, we wanted to take a look back on segments that are centered around getting sales.

In the Round Table podcast two weeks ago we talked about why some people find sales difficult. It's a subject that comes up often so we thought it would be beneficial to address it again.

Whether you’re a newbie or have been at this a while, if you’re having a difficult time with sales listen in as we revisit segments that cover:

  • Mindset
  • Pricing
  • Ads
  • Getting Leads

And, more!

Resources mentioned:

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Dec 27, 2018

In today’s episode of The Art of Passive Income, we bring back financial advisor and money mentor, Chris Miles—MoneyRipples.com for round 2. 

Join Mark and Scott as they talk with Chris about the Infinite Banking Concept. Chris digs deep into what the IBC is from his perspective as a business owner and investor. He shows us how he uses it as a super-charged savings account, making money in two places at the same time.

The guys delve into:

  • How it differs from a QRP
  • The benefits and the disadvantages
  • Debt vs. cash
  • Qualifying and set-up time
  • The max to put in

And, so much more!

By taking Wall Street out of the equation, Chris leverages whole life insurance to invest while his money is still building, growing and compounding tax-free the entire time.

The hardest part is that you can use it in so many different ways, that it's your imagination that really becomes be the limitation.

Is this system a no-brainer?

Listen in now and you decide…

TIP OF THE WEEK

Mark:  Learn more about super-charging your savings account, go to MoneyRipples.com.

Scott: Check out the app, TryTailor.com for automatic screenshot stitching.

Chris: Everything is about leverage. It's the ultimate key, especially when you create it towards cash flow. You don't have to save up millions of dollars. If you can create leverage and get your money working harder for you, it's amazing how little money you can use to create massive results.

Other Resources Mentioned: Calculator.net

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Dec 24, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Tate Litchfield
  • Aaron Williams
  • Erik Peterson
  • Mike Zaino
  • Scott Todd

Mailing is one of the most important processes in this business, without mailing there would be no deal flow. So, is there ever a good reason to stop mailing?

A couple of reasons we often hear people use for stopping their mailing are:

  • My inventory is full
  • I don’t have enough money

Are these valid reasons to stop the mailing? Absolutely not!

As Mike, the Zen master puts it, mailing is to your business like air is to breathing. If you stop mailing all life fades out of your business and it's a long slow process to resuscitate again.  

Join the panel of geeks as they dig in deep and deconstruct the excuses then offer up sage advice about why you should always keep those mailing wheels spinning.

No money? No problem! There are many ways around it. Find out what they are and the one valid reason for putting the brakes on, you have to listen in to find out what it is though…

TIP OF THE WEEK

Mike: Living in the moment is not the absence of vision; it’s having the vision to know that what you focus on today creates your tomorrow.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want

Dec 20, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with Chris Miles, a cash flow expert and leading authority of how to quickly create cash flow and lasting wealth. He's been featured in US News, CNN Money, Bankrate.com and has a high repetition for getting his clients life altering financial results in his company, Money Ripples.

Chris, who started out as a traditional financial advisor left that industry when he realized that those conventional investment plans do not work. He then shifted his perspective and focused on creating cash flow streams and by age 28, he was able to retire!  

Join us as Chris explains in detail:

  • How he created streams of income
  • The three different money mentalities
  • The worst advice he has seen in money management
  • Undoing the scarcity mentality

And, so much more!

Chris teaches just the opposite of what financial advisors teach and shows us how the old traditional ways of scarcity don’t fit into this new world of abundance.

Listen in as we go deep into looking at retirement in a non-traditional approach!

TIP OF THE WEEK

Mark: Learn more about Chris Miles at MoneyRipples.com. He's got lots of resources, lots of advice, and he's got a podcast. Check that out on iTunes and all the inner web areas where you can find Chris.

Scott:  If you have a hard time waking up in the morning, check out the app, Rocket Alarm. It wakes you up, and then it actually presents to you a new challenge or a new game. It gets you interacting with your alarm clock so you just can't hit the snooze button and go back to bed. It gets you to at least start to move your feet. 

Chris: Read, Rich Dad Poor Dad by Robert T. Kiyosaki. The one main point that I got from it was cash flow. If you want to get to the heart of where cash flow comes from, read this book. It's the people behind the land that pays you money. There's got to be some value exchange--something creative that money must be exchanged, otherwise you're just gambling. The real way to become a really good investor with sure returns is to figure out how am I creating value, what am I doing to create value for people where they want to pay me money?

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Dec 18, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Scott Bossman
  • Erik Peterson
  • Aaron Williams
  • Mimi Schmidt
  • Tate Litchfield
  • Scott Todd

Are you having a difficult time selling? You’re not alone, it’s a subject that comes up often, more so though for those who are first starting out. Marketing your property is a lot of work. You can’t post an ad, call it done and expect results. It takes continuous effort, experimenting, and tweaking. There are so many variables when it comes to marketing a property.

Listen in as the panel of geeks delve deep into those variables and offer great advice on how to show up in the marketing in ways that will bring results!

Plus, everyone goes over their own marketing mindsets.

There is so much valuable information in this episode, you’ll want to listen to it again and again!

TIP OF THE WEEK

Scott Bossman:  

  1. Don’t compare your progress in this business to others, the only thing we need to compete with is what you’re capable of. It’s a good mindset to take into the New Year and setting your 2019 goals.
  2. Check out the bookmark app, Instapaper.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want

Dec 13, 2018

In today's episode of The Art of Passive Income, Greg McKeown—author of Essentialism, joins Mark and Scott and gives them a lesson in Essentialism 101! 

Born in London, England, Greg shares a bit of his backstory and how a trip to the United States and one simple question ultimately set him on the path of writing and teaching while leaving law school behind him.

Success can become a catalyst to failure. -Greg

The guys dive deep into why successful businesses can't sustain their level of success and find out what the successful companies have in common.  

Greg poses the question: If you can take a time machine back to 1972 with $500 and put $1 into each of the S & P companies, which company would bring you the biggest ROI in a 30 year period?

After several failed attempts at the correct answer by both Mark and Scott, Greg tells us the answer and it may surprise you!

Then, Greg uses Scott as an example to apply the three principles of essentialism—Explore, Eliminate, and Execute to break the cycle of distracting habits and replace them with an important under-invested aspect of the business.

Listen in now as Greg shows us how to get the right things done to achieve more!

TIP OF THE WEEK

Mark: Learn more about Greg and the Essentialism life at GregMcKeown.com.

Scott: Check out Adios.ai. It stops the distraction of incoming emails and lets you schedule them to be delivered when you want.

Greg:  The next time you’re feeling exhausted, overwhelmed, and pushed to the limit, reduce your time frame significantly. Get in the now. Be present and ask yourself “what’s the most important thing to do next?” ...and do it next.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Dec 11, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Mimi Schmidt
  • Erik Peterson
  • Mike Zaino
  • Aaron Williams
  • Tate Litchfield
  • Scott Todd

As we come to the end of 2018 it’s time to start thinking about your goals for 2019. Are you one who likes to set high goals that aren’t attainable but hey, at least you tried and even falling short brings good results? Or, do you set low goals because you want to avoid the overwhelm or maybe you just have limited time and 10x-ing is not an option? Maybe you’re not a goal setter at all?

Goals come in many sizes, they are not one size fits all and the key to setting them is to aim for something that is realistic FOR YOU—making them high enough to keep you motivated and continuously moving forward.

Listen in as the panel of geeks talk about their own goal-setting process. Plus, they give valuable advice that applies to all types of goal-setters!

A few ways mentioned are:

  • Reflect back on your 2018 goals
  • Look at your business overall and find those areas you want to improve on
  • Work on getting rid of problem areas
  • Break down your goals and figure out how you are going to get there

And, is Cardone’s 10x method too unrealistic to aim for? Not according to Scott Todd and he digs in to show us why!

The gang also goes over:

  • The reticular activating system
  • KPIs—Key Performance Indicators

Plus, so much more!

TIP OF THE WEEK

Mark:  Go to TheLandGeek.com/training schedule a call with the Nite Cap Meister, Scott Bossman or the Zen Master, Mike Zaino.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Dec 6, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with Jim Harshaw—JimHarshawJr.com.

Jim is a motivational speaker, former Division 1 All-American Wrestler who won three ACC championships for the University of Virginia. He was the youngest Division 1 coach at age 26! He also trained at the Olympic Training Center and competed overseas for Team USA!

Jim, who learned many life lessons on the wrestling mat, relates those powerful lessons of failure, struggle, and setbacks to empower his audiences to overcome their own challenges and achieve success despite their inevitable failures.

He joins us this week to discuss how important failure is, and how important a good support system is, too.

Some things we cover:

  • The good things that come out of failing
  • The key to a great support system
  • Why giving up is worse than failure
  • How to avoid repeated failures

Jim is here to make sure that no matter how rough things get and how hard you fall, there’s always a good way to look at a situation, and that’s no different in your business. Life likes to get in the way sometimes, and Jim shows Mark and Scott how to keep it from hurting you and your business.

Don't fail to listen in to this episode!

TIP OF THE WEEK

Mark: Learn more about Jim Harshaw at JimHarshawJr.com and watch the TEDx talk. Also, listen in to the podcasts, and just engage in the wisdom of a Jim Harshaw Jr. It could be a daily motivational practice.

Scott: Check out the book, The Magic of Thinking Big by David Schwartz. This book got me thinking about how important it really is to think big—not little things, but big things.

Jim: To do the productive pause ask yourself this question out loud, "What's holding me back?" Answer it out loud to yourself. You will get so much value out of that. Don't stop with the line of questioning until you come to action.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Dec 4, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Erik Peterson
  • Aaron Williams
  • Scott Bossman
  • Mike Zaino
  • Mimi Schmidt
  • Scott Todd

This week we go deep inside the moral dilemma and boundaries of Plagiarism.

You’ve put your heart and soul into writing copy and you’ve paid good money for a photographer to go out to the property to take pictures and then someone takes your content and uses it as their own… how do you handle this situation?

Is imitation the sincerest form of flattery or is this a blatant lack of respect?

Are there any exceptions?

  • What if they change the copy and put their own spin on it?
  • What if it's a friend or acquaintance who takes them?
  • What if it's disclosed that is not theirs and give you the credit?

Listen in as the panel of geeks addresses these questions and more!

TIP OF THE WEEK

Mimi: Check out the most recent monthly report from Lands of America.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Nov 29, 2018

In today’s episode of The Art of Passive Income, Mark and Scott are joined by the Project Ninja herself, Lyndsay Phillps!

Lyndsay is the CEO of Smooth Sailing Business Growth, a content marketing company to help you grow your business and it’s reach quickly and efficiently. Lyndsay’s 4 favorite words in her job are: Plan, Publish, Optimize, and Promote. She believes in the power of social media and the strength that promoting yourself can give you!

Some things we cover:

  • The importance of email marketing
  • Finding your ideal market
  • Lyndsay’s favorite tools for marketing

Lyndsay makes sure that everyone who listens this week feels like they have a great place to start in their marketing journey. She does a great job of making Mark and Scott feel like she’d be a valuable asset to the two of them.

Let this Task Master help you master your marketing tasks!

Lyndsay is offering listeners her Social Media Action Template to help outline your social media plan of action!

TIP OF THE WEEK

Mark: Learn more about Lyndsey at SmoothBusinessGrowth.com. Clearly, Lyndsay is an expert in all things content, marketing, and geeky tools.

Scott: Read the book, Never Split the Difference: Negotiating As If Your Life Depended On It by Chris Voss. Negotiate as if your life depended on it. You've got to ask for big things and you got to hold your own sometimes.

Lyndsay: One of the books that really resonated with me when I was starting out is, It's Okay To Be Scared - But Never Give Up by Jim Palmer. It's stories from different entrepreneurs. It made me realize that everyone has their own entrepreneurial journey and you always have to start somewhere.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Nov 27, 2018

In today’s episode of The Art of Passive Income—Round Table edition, join us as we take a look back at some of our most popular episodes. We chose three clips that have one common factor: TIME.

This first topic up is the artificial timeline some set on certain aspects of this business or even on the success of their business. It’s always good to have goals to strive for, but don’t make time your end-game.

“Don’t put a period on your goals, use a semicolon.”

While our first clip talks about why you shouldn’t set a timeframe for this business, the last two clips are centered around the value of your time and how to avoid the huge time-suck of overthinking it!

Listen in now...

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Nov 21, 2018

In today’s episode of The Art of Passive Income, Mark and Scott are joined by Whitney Nicely, a real estate investor who is all about girl power!

Raised in a family that sold dump trucks, Whitney originally thought that’s all she’d be doing with her life. But, upon realizing that her mom had been collecting checks in the mail for years, she decided to get out of the trucking business and into the new family gig: real estate investing! Whitney is all about empowering women to do what they love, especially real estate. She broke into the man’s world to bring you some inspiring tips for breaking into it, too!

Some things we cover:

  • Getting started with next to no money
  • Realizing that land is everywhere, and it’s all for sale
  • Lease options and how they can help jump-start your career

Whitney isn’t afraid of the game that the real estate investing industry is, and neither should you be. When it comes down to the basics, anyone can do it so long as you’re willing to put in the work.

Besides, who wants to work 40 hours a week just to make ends meet? Not Whitney!

TIP OF THE WEEK

Mark: Learn more about Whitney by going to her website at WhitneyNicely.com.

Scott: Read the book, The Four Agreements: A Practical Guide to Personal Freedom (A Toltec Wisdom Book) by Don Miguel Ruiz.

Whitney: For setting up automation, check out ifttt.com

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Nov 20, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Scott Bossman
  • Tate Litchfield
  • Erik Peterson
  • Aaron Williams
  • Mimi Schmidt
  • Scott Todd

We get into a great topic this week and that is the debate over Landmodo ads—Is it better to put more information in your ads to save time in the long run, answering questions from leads that may not go anywhere. Or, do you give less information to create that air of mystery to open up a line of communication?

The gang all give their feedback on which they believe is the better way to go and we come up with the definitive answer!

Plus, we compare Landmodo.com to the other land websites… apples to oranges.

TIP OF THE WEEK

Mimi: Build your marketing strategy around the holidays with this Excel Spreadsheet by Leadpages.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Nov 15, 2018

This week on The Art of Passive Income, we’re joined by the Hipster Investor herself, Ali Boone.

Ali was an Aerospace Engineer who began her real estate investment career to get out of the corporate world. She discovered the Turnkey model of investment and was able to build an amazing business out of it. She joins us today to offer her insight and break down the myths and stigma attached to Turnkey investing.

Some things we cover:

  • Being Hands-Off doesn’t mean being uninvolved
  • How to choose the right property
  • How to avoid bad advice

Ali also dives into the advantages Turnkey has for people who are just looking to get into real estate versus people who have done it for years, and why it might be the right fit for anyone. We also find out just important the right property management company can be, and how it can make or break your new residential land.

Let this hipster show you how it’s done!

TIP OF THE WEEK

Mark: Learn more about Ali Boone at HipsterInvestments.com.

Scott: Check out the App, Hushed for an affordable alternative to running multiple phone lines. With Hushed, you can have all the business lines you need right in your pocket.

Ali: “Don’t take advice from people you wouldn’t trade shoes with,” which is to say that if someone isn’t in the field you want to pursue, maybe reconsider any advice they give you.

Nov 13, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Mike Zaino
  • Erik Peterson
  • Tate Litchfield
  • Scott Todd

Scott shares his excitement as we head into his most favorite time of the year, for land investing—people are in the money spending mode, wallets are open, and it’s a good time to be a land investor!

Then, Tate brings up a topic that came up during Office Hours this week and that is the deal of the week and how much you should mark your properties down.

Join the gang as they delve into these questions:

  • Do you give deep discounts?
  • Do you go by a percentage?
  • Do you just offer low downs?
  • Or, are receiving these advanced notice deals in your inbox a great deal in itself?

The guys all dig deep into their own tactics and share their best-kept secrets with us.

TIP OF THE WEEK

Mike: Listening to uninformed people is worst than having no answers at all. -Ray Dalio  

If you’re thinking about doing this business, get the real facts, talk to one of the experts.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Nov 8, 2018

In this week’s episode of The Art of Passive Income, we take a bite out of the Big Apple to meet with Craig Cody. Craig is a CPA, a Certified Tax Coach, and a retired police officer.

Craig has been in the tax business for 17 years now, and while he’s no longer chasing “perps” down the streets of New York City, he still maintains the same type of rush and dedication to saving clients thousands of dollars in taxes and seeing the look of delight on their faces. He’s joining us today to share some amazing tips on how we can cut our taxes down to next to nothing and offering the listeners a free copy of his book, 10 Biggest Tax Mistakes That Cost Business Owners Thousands

Some things we cover:

  • Planning
  • Choosing the correct business entity to do operate under
  • Understanding the Tax Codes
  • Documenting everything

Craig also clues us into what we might be able to deduct off of our taxes in our personal lives. Even something as simple as your pool can count as your Home Athletic Facility. Craig dished out some must-have tips for all of your tax needs.

Listen in as the Master teaches his young Padawans the way of saving money on their taxes!

TIP OF THE WEEK

Mark: Learn more about Craig Cody in getting a 3 to 500 percent ROI on your tax planning at CraigCodyAndCompany.com.

Scott: The App, Undisturbed, given by Scott appears to be unavailable now. Being that the podcasts are recorded well in advance of publishing, this happens occasionally. The company APP-enzeller.com does have other apps available though.

Craig: Read the book, Extreme Ownership: How U.S. Navy SEALs Lead and Win by Jocko Willink. You can learn nuggets of good information in it like communicating with people.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Nov 6, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Mimi Schmidt
  • Tate Litchfield
  • Scott Bossman
  • Erik Peterson
  • Aaron Williams
  • Scott Todd

Scott Bossman brings up an interesting and challenging situation that he faced last week. One that raises Mark’s blood pressure and leaves him feeling anx-gry and the whole gang riled up!

He had an intake deal in progress with a gentleman that he connected with on a personal level. The seller told Scott that he had owned this property for over 30 years and Scott’s offer was the first one he had ever received. They agreed on a price and everything was good to go until another investor sent an offer right before the deal was done and the amount was double Scott's offer.

Should Scott hold the seller to the original agreement since he had already put in all of the work, or just offer more money since he already had a buyer in place?

And, what about the other investor who is also a community member, should Scott reach out to them to let them know that their offer is too high for the area?

Everybody weighs in on how they would proceed.

Then, Scott Todd tells us about a little scarcity experiment he performed in an area rich with land investors. He ran the analytics on APN numbers and the number of times they were mailed to and the results may shock you!

Listen in to find out what that number was and to hear the outcome of Scott B’s. situation.

TIP OF THE WEEK

Mimi: Check out WhitePages.com—a less expensive alternative to Intelius.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Nov 1, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with Brett Snodgrass—a full-time wholesale real estate investor and the CEO of SimpleWholesaling.com.

Brett tells us that he’s always had a heart for entrepreneurship, even as a young child counting quarters in his piggy bank to see how much money he had.

As a young adult, he studied business in college but was not interested in climbing the corporate ladder, so he left after a year and then went on to get a bachelor's degree in teaching. After four months of teaching, he knew it wasn’t for him either so he decided to follow his heart and read everything he could on entrepreneurship. After reading, The Millionaire Real Estate Investor, he knew real estate was where he wanted to be.

His dad introduced him to a land developer that was on The Land Geek podcast, and that’s when his real estate journey began.

Join us as Brett shares the details of his first deal and how it ultimately led him to Simple Wholesaling which is a lot like land investing, except with a house on the property. Brett uses the direct mailing method and looks for motivated sellers who are:

  • Delinquent on taxes
  • Have code enforcement violations
  • Absentee or out of state owners
  • Probate inheritances 

Also, find out the type of properties Brett looks for, his top 3 lead generation sources, plus so much more!

Listen in now as Brett dives into all the details of wholesale real estate investing, the simple way.

Resources mentioned:

TIP OF THE WEEK

Mark: Learn more about Brett and wholesaling at SimpleWholesaling.com.

Scott:  Read the book, You Are a Badass: How to Stop Doubting Your Greatness and Start Living an Awesome Life by Jen Sincero, to help you stop doubting your greatness and help you start living an awesome life.

Brett:  Check out CloudHQ.net. It's an extension of Gmail that allows you to create a video and embed it into your email.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Oct 30, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Scott Bossman
  • Erik Peterson
  • Tate Litchfield
  • Aaron Williams
  • Mike Zaino
  • Scott Todd

In this post, Orlando Bootcamp edition, the gang goes over their biggest takeaways. But not all were good and that leads the guys into a deep discussion about time value and why it makes better sense to follow the recipe. By following the recipe, you make fewer mistakes, cook more efficiently, and it’s done and on the table quicker leaving you ready to rinse and repeat—i.e. scale your business faster!

Listen in as the guys dive deep into following the tried and true recipe and why some choose to do all the labor themselves instead of outsourcing those time-consuming tasks. Is it a labor of love, or fear?

TIP OF THE WEEK

Mike: Don’t worry about what you have to do, celebrate what you get to do.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

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