Mark Podolsky began investing in Raw Land with only $3,000. Seventeen years later, he's completed over 5,200 land deals with an average Return-on-Investment of 300%.
Today Mark is going to share his Raw Land Investing techniques, and how he teaches other to make huge returns without putting any of their own money at risk.
Mark is the owner of Frontier Properties, a very successful and reputable land investing company. He's also the host of several podcasts, including "The Art of Passive Income Podcast". And he's the author of the recently released book "Dirt Rich: How One Ambitiously Lazy Geek Created Passive Income in Real Estate Without Renters, Renovations, and Rehabs".
Mark will share why you don't need money to get started investing in Raw Land, how he's able to do all of his due diligence on his computer, the ways he's systematized his business, and how he's confronted his fear of death.
There's a lot of great info in this episode, and you can learn more about Mark and investing in raw land by going to his website: www.thelandgeek.com
Also, if you send an email to email@example.com and mention this podcast, Mark will send you a free Passive Income Launch Kit.
As the host of this podcast, I enjoy getting questions from our listeners. As a member of the RPOA, I love having experts on hand to help me answer those questions.
Today Mark Troy joins me to answer listener questions and share his wisdom and experience gained over 18 years in the business. Mark is the Managing Broker at Compass Realty Services and the Director of Real Estate Investment at Compass Property Management, both of which he is the original founder and co-owner.
Mark and I discuss whether one of our listeners should raise their tenant's rent, and under what conditions they shouldn't. We also help a listener decide whether they should replace their roof for $12,000, or just patch it for the next 3 to 5 years for $1,500.
We also discuss the "End Game", and common exit strategies investors use to maximize their gains and take their chips off the table.
Mark also talks about 'Managing the Manager', and what he's noticing in today's market in terms of rent increases and sales volume.
Mark manages and has been involved in the acquisition of thousands of rental properties, so I know you're going to learn a lot from his unique perspective.
You can contact Mark through Compass Properties or his email:
Should Rental Application Fees be Banned?
Today we're going to discuss an issue that's happening right here in Grand Rapids, but it affects landlords and rental property owners everywhere. It has to do with the affordable housing challenge communities are facing as rents rise and neighborhoods gentrify. As tenants find it increasingly difficult to locate and afford housing, those communities and their elected representatives are pointing the finger of blame at landlords, investors and property management companies, and looking for ways to legislate our behavior in order to solve this problem.
Just this week the Grand Rapids Mayor and City Commission voted to approve a rental application fee ordinance, which will be very consequential to all of us who provide rental housing. In order to help explain and understand this ordinance, I'm joined by the RPOA's Director, Clay Powell. Clay has been involved in this issue on the RPOA's behalf since its inception, and is going to break it down for us in order to understand how it will impact the way we screen tenants, collect application fees, and advocate for our rights as rental property owners.
You can learn more about the RPOA and become a member by going to www.rpoaonline.org
In today's tight real estate market its very difficult for investors and home buyers to find good investment deals. Believe it or not, there are still plenty of opportunities in Distressed, Foreclosure, and Bank-Owned Properties. One of the ways to find these deals is through Auction.com.
Today I sit down with Casey O'Neill to discuss the transparency Auction.com is bringing to the distressed market, and the emphasis they place on helping potential investors with due diligence.
Casey also warns of the pitfalls and risks in investing in distressed properties that you may not get to inspect fully before purchasing. We'll also talk about the bid process as well as the timeline and costs associated with purchasing. And Casey shares his thoughts on Michigan's Foreclosure laws and how they could be improved.
If you've never used Auction.com, this episode is a great introduction to a potential source of opportunities. If you've ever bid on Auction.com then you'll definitely find some useful tips on how the system works.
I hope you enjoy this episode and ask that you take a moment to give us a review and rating on itunes.
Ratan Khatri is a strong believer in the power of leveraging other people's money through syndication. He's recently completed his first syndication with the purchase of 50 single family homes in Muskegon, Michigan, and he'll be investing in Senior Assisted Living, Mobile Home Parks, Self-Storage, and Multi-Family through syndication as well.
Today Ratan & I discuss his philosophy of investing, and why he believes its better to own 10% of ten things rather than 100% of one thing. Ratan also shares his thoughts on the economy and why he's investing in different asset classes. You'll also learn how Ratan has added additional value to his real estate through simple upgrades and improvements.
Ratan is also the owner of RKP Management, which manages over 200 homes in Muskegon, Michigan, with an emphasis on helping veterans and low-income families. Ratan has been active in improving tenant screening in the Muskegon area, and those efforts have been paying off with decreased turnover for his & other's properties.
Ratan also discusses the immigrant experience, and why certain immigrants are so successful after moving to the United States. You'll learn what separates America from the rest of the world, and why our streets are 'truly paved with Gold'.
I know you'll enjoy this episode and the wisdom Ratan has to share. You can contact Ratan through his property management company, linkedin, or phone: