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The Art of Passive Income Podcast

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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Now displaying: December, 2017
Dec 28, 2017

In today’s episode of The Art of Passive Income, Mark and Scott talk to Lane Kawaoka—SimplePassiveCashflow.com.

Lane, who is currently a Project Engineer and Licensed Professional Civil/Industrial Engineer, also invests in B and C-class rental properties for Simple Passive Cashflow.

He has an extraordinary drive to beat the ordinary and feels there is no time for rest until he reaches escape velocity.

Listen in as he shares what the turning point was that led him from construction supervisor to real estate.

We also delve into:

  • Why he chooses B and C-class
  • His 1% rent-to-value ratio rule for single family and 1.5% for multifamily
  • Breakdown of the expense ratio

Plus, how does he really feel about retirement parties?

Listen in now for all the details!

TIP OF THE WEEK

Mark: Learn more about Lane by going to his website at SimplePassiveCashflow.com.

Scott: Strategically schedule your time. Take a piece of paper and write down the time slots on the left hand side. Make sure each slot is written down in 30 minute intervals. Then write down your entire calendar onto those slots by blocking it out. On the far right side, write down all the tasks you need to do. Stick to that schedule no matter what, continuing to adjust the schedule as needed, but make sure to leave time for that deep work.

Lane: Your time is your most important resource—Go to the Filipino Craigslist to look for VAs to do the tasks that take up your time. 

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

Dec 26, 2017

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

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

TODAY’S TOPICS

  • The Fluidity and Grind of the Land Business—Why do some people flow through this business while others find it a grind? The guys all mastermind this topic to help you avoid the grind.
  • Interesting Zaps—Everyone shares their favorite zaps that help make this business flow a little easier.

Plus, what has Scott so anxious to share his Tip Of The Week? Once again, the boys are up to their shenanigans! 

Listen in now...

TIP OF THE WEEK

Mark: A great quote from Tony Robbins—Successful people ask better questions and as result they get better answers. One of the great questions is, "If everything's going to change, what's not going to change in the land business? People will always want a real asset and a good deal. Those two ingredients really help our business.

A book to show you how to think about asking yourself better questions in every aspect of your life is, A More Beautiful Question by Warren Berger.

Scott: Check out FileThis. It goes to all your websites and automatically gets your statements and records them automatically to dropbox.

Tate: Check out the iTunes app, Magnet. It allows you to break your computer screen up into several different workflow areas. If you're doing due diligence and you want to look at google earth and at google maps at the same time you can use this app to see all one information in one screen at one time.

Aaron: A free password manager called Remembear. And they also have a VPN, for working remotely called, Tunnelbear.

Mike: The Position Before Submission— A position in Jiu Jitsu that means that they're not going to just dive in and try to grab the guy in a neck lock or an arm lock because it wouldn't work. They have to get a superior position first then they go into submission. The whole idea is to gain a superior position.

How it relates to land investing—Don’t go into an area when you’re brand new and mail to the whole county. Look for the hot spots and once you find them you take them over.

It also relates to sales—Don’t go straight for the kill, position yourself first by asking questions that lead into a position of submission.

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

Dec 21, 2017

In today’s episode of The Art of Passive Income, Mark and Scott talk to Joe Fairless—host of the Best Ever—Real Estate Investing Advice podcast. His expertise is in commercial real estate and today he talks to us about multi-family apartments and why they make sense to him.

Joe shares great insight on:

  • Looking for and creating opportunities
  • A common mistake people make when looking to invest in multi-families
  • His process on getting the money lined-up
  • The difference between economic and physical occupancy
  • Requirements for liquidity and net worth in order to get a loan

Also, find out why he gave up single family rental homes to do apartment communities and how the oil crisis in 2015 led to closing on a 250 unit building, resulting in substantial capital!

Joe has generously offered our listeners a spreadsheet which you can get by emailing him at info@JoeFairless.com.

Listen in now, as Joe gives us the BEST multi-family investing advice EVER!

TIP OF THE WEEK

Mark: Lean more about Joe by going to his site at JoeFairless.com.

Scott: Check out Calligraphr.com. It's a tool that transforms your handwriting into a font.

Joe: If you are focused on apartment investing, then check out my resource guide by emailing me at info@joefairless.com. The guide contains podcast, websites, books, blogs, etc. that may help you at your real estate investing.

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

Dec 19, 2017

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

  • Aaron Williams
  • Tate Litchfield
  • Scott Todd

TODAY’S TOPICS

Tate shares a recent situation where a buyer sought him out about a property that he's had for so long, he'd forgotten about it.

That leads us into, TODAYS MARKET.

  • Should you worry when the market is strong?
  • Do you feel like if things are going too good and easy, it’s bound to come crashing down soon?
  • Plus, is it harder to buy or sell in today’s market?

The guys all share their thoughts on this. Plus, we dive into:

SUSTAINABLE GROWTH—Can you scale this business too fast?

Everyone agrees that you can! It’s good to take action and keep moving forward slow and steadily, but being irrationally exuberant will only cause bottlenecks and burnouts!

Listen in as the guys share their opinions on how to attack this business when you’re a newbie.

TIP OF THE WEEK

Mark: Check out NomadList.com. It is the biggest crowdsourced database of cities in the world analyzing 250,000+ data points to help you choose where to go next.

Scott: Read the book, The Ultimate Sales Machine by Chet Holmes.

Tate: It’s all about MINDSET—If you want to run this business successfully, you need to dedicate 8% of your 24-hour time frame to run your land business.

Aaron: Check out this iPhone app called Vuforia Chalk. It uses the new augmented reality technology so you and somebody else can communicate on video and draw on the screen at the same time.

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

Dec 14, 2017

In today’s episode of The Art of Passive Income, Mark and Scott talk to Govindh Jayaraman—Host/Author of the Paper Napkin Wisdom podcast and blog which teaches leadership in the way that he learned, from other great leaders who walk beside us.

Govindh, who has been an entrepreneur his entire life, has founded and partnered more than a dozen companies.

At a very young age, he was inspired by a mentor to make an impact by and with people around him. He became fascinated with his idea that leadership meant taking responsibility for the people around you.

Listen in as Govindh answers:

  • What about other leaders, drives you crazy?
  • How do you focus?
  • 3 Favorite leaders?

Govindh delves deep into the internal journey of FOCUS and how he deliberately sets his intentions to complete his goals for the day.

If you have the internal focus then you could actually make things happen that you believe in as opposed to you just think about them.

He also shares his daily routine for intentional focus, which can be a great practice for us all!

  • Set intentions of the day
  • Declare gratitude
  • Reaffirm goals—Make a list of the top five, most important things you need to move forward and that will move you closer to your goals.

What goals are you going to intentionally focus on today?

TIP OF THE WEEK

Mark: Learn more about Govindh and become wiser at PaperNapkinWisdom.com.

Scott: Check out the chrome extension, Wildfire. It records your screen clicks and it automates them whatever way you want. Craft your own custom automation workflows.

Govindh: Read the book, Think and Grow Rich by Napoleon Hill. Read the book several times a year and do what is in the book.

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

Dec 12, 2017

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

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

TODAY’S TOPICS

How do you define success? Success can mean different things to different people. The group all go over what success means to them.

There is one common element reiterated by all, and that is TIME—having the time and freedom that this business allows us to have, to spend with loved ones and to do the things that you enjoy doing.

We also talk about shutting down for the holidays. But Scott throws that one right out of the window—Shut down? There is no shutting down in the land business! Does Amazon shut down? No, let it roll baby!

It all comes down to SYSTEMS. Having systems in place, the machine will keep rolling with or without you… if you choose.

Once you build a system, the system doesn’t have to stop just because you’re on vacation or relaxing—The machine keeps operating. -Scott

Listen in, as everyone shares their year end processes and plans.

TIP OF THE WEEK

Mark:  Check out GetPocket.com to save unfinished articles, blogs, podcasts, videos etc. for later— And you can also continue them offline.

Scott: This is a life tip—have an unlimited phone plan!

Tate: If you are using the new iPhone iOS 11.2, very shortly, you'll be able to collect down payments via the Apple Pay Now button. If you're texting with a potential buyer, you can go ahead and request a down payment directly through your messaging app, instantly.

Erik: Check out Alltop.com—a tool to search for any media content by keyword, and you can also share it to social media or your buyers lists. 

Mike: It's all about perspective. There are two types of Mandalas, the Taizokai and the Kongokai. One of them is the God's eye view of the world and the other is the personal person's view. I believe we're building a box with this model. Inside we have five plates that we're trying to turn into gears—connecting them together. We want to be outside that box with the macro view. But sometimes we have to tinker; we have to go inside and have that micro view and fix some of the systems. When you're looking at this business and you're trying to figure out how we all automate and do everything fully functional without sticking our hands in it, it's good to have that macro and micro view of things. If you're inside of it, you tinker. But sometimes you need to take a big step back and look at it and see how the parts are feeding each other.

Cynthia: Check out the video, How I Made a Million Dollars by Noah Kagan. It's a good video for land investors who are in the beginning of their career. Noah puts a lot of things in perspective and gives his timeline of how long it took him to make a million, plus all the things he failed at. He puts a different spin on it and it's really engaging.

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

Dec 7, 2017

In today’s episode of The Art of Passive Income, Mark and Scott talk to Jim Adkinson—AdkinsonCPA.com.

Jim is Mark’s own personal CPA and he's here to answer all of our pressing tax questions and to clear up a common misconception about LLCs.

Listen in as we delve deep into:

  • Mike Michalowicz’ Profit First System. A finance system used by all three—Mark, Scott and Jim
  • Typical questions and mistakes to avoid
  • Entities—types, how they are taxed differently, advantages and disadvantages of each, and the best type to go with
  • Recommended systems and automation
  • The difference between a dealer and an investor and how each impact your taxes
  • Record organization

Jim recommends keeping good records of everything with bookkeeping AND scanning. Physical records can be lost or damaged so it’s a good idea to have a digital copy as well—and do it on a regular basis so it doesn’t get too overwhelming.

There is a TON of VALUE in today's podcast, you don't want to miss it!

TIP OF THE WEEK

Mark: Learn more about Jim by going to his site at AdkinsonCPA.com.

Scott:  Check out Shipt.com—an app that allows you to order things from your local grocery store and Shipt will deliver it to you. 

Jim: Read the book, Deep Work: Rules for Focused Success in a Distracted World by Cal Newport.

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

Dec 5, 2017

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

  • Tate Litchfield
  • Erik Peterson

TODAY’S TOPICS

  • Deed of Trust—What is a deed of trust and when do we use it? We also go over why we use land contracts instead. But what happens when the buyer on terms needs the deed to make improvements? Erik shares his protocol with us.
  • MarketingBlack Friday and Cyber Monday strategies. The guys share their strategies and how they fared after the two biggest shopping days of the year.

Should your Holiday marketing stop there?

Land sales don't slow during the holidays. You can create the demand… take advantage of Black Friday and Cyber Monday promos. Keep making it irresistible for them, because we are busy throughout December. -Mark

Plus, we touch upon the BUYERS LIST and if you’re sending too much, or not enough. How do you know when you have found that sweet spot right in the middle? 

And finally, we go over all the cool features of GeekPay!

TIP OF THE WEEK

Mark: Check out MonkeyLearn.com to turn emails, tweets, surveys, or any text into actionable data. You can automate business workflows and save hours of manual data processing. It integrates with Zapier and it's got an API as well.

Tate: Check out this website called BeFunky.com. It's a free photo editing service.Through the edited pictures from this website, I was able to sell the properties that had not been sold for a very long time.

Erik: Check out CapForge for bookkeeping services. Cap Forge does it all for you and it's priced pretty reasonably.

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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