Dirt Rich: Turning Land Into a Profitable Remote Business with Mark Podolsky Episode #170

GUEST SUMMARY We brought Mark Podolsky in the lab, a former investment banker turned into what people refer to as ‘The Land Geek’ share with Experiment Nation how you can build a profitable business from dirt. Often in the lab, we’ve had investors discuss multiple real estate models built on land, but Mark takes us back to the core foundation asset in real estate —  land. You’ve heard the saying, ‘They’re not making any more of it’, and for this reason, Mark has found a niche in an indestructible niche of the very same place we find ourselves experimenting on everyday — land. Mark has been buying and selling raw land for over 20 years. He completed over 5,500 land deals and his company received an A+ rating with the Better Business Bureau. Mark is also the author of Dirt Rich, a guide to help you build passive income by raw land investing. Believe it or not, by leveraging technology and a remote team, Mark is practically able to do this anywhere in the world. If you are interested in buying, selling and leasing land remotely, then this episode is for you. Join us today as Mark steps into the lab and shares some different strategies and knowledge on how you can build a passive income by turning a raw land into a profitable business. HIGHLIGHTS OF THE EPISODE: 04:44 - Guest background 06:12 - Why land is an interesting asset 07:46 - Turning land into a profitable business 10:52 - Creating a passive income KEEPING IT REAL: 13:20 - What is a Land note? 16:05 - Who are the avatars for the Land Note 20:35 - Note strategy 25:33 - Becoming the “Land Geek” 28:20 - Finding buyers to flip land 34:02 - Good land vs a great land 35:49 - Key things to include in the marketing 37:28 - How long does it take to do due diligence 40:04 - Difference between buying and selling raw land vs residential land 42:28 - What’s next for Mark? 45:26 - Backend systems NOTABLE QUOTES (KEY LESSONS): 33:36 - “Value is in the eye of the beholder.” - Mark Podolsky 42:38 - “I think people always want a real asset and I think they always want a good deal. As long as those two things remain, then the land investing niche will continue to thrive.” - Mark Podolsky CONNECTING WITH THE GUEST Website: https://www.thelandgeek.com/ Facebook: https://www.facebook.com/thelandgeek LinkedIn: https://www.linkedin.com/in/thelandgeek Instagram: https://www.instagram.com/thelandgeek/ YouTube: https://www.youtube.com/user/TheLandGeek