215: How To Get Dirt Rich Being a Land Geek with Mark Podolsky

Land could be the most underutilized asset class for real estate investors, with a lower barrier of entry, making it perfect for new investors with less capital.

On this episode of Zen and the Art of Real Estate Investing, Mark Podolsky, The Land Geek, joins Jonathan to talk about his career in land flipping. Mark teaches others how to get started with this accessible real estate investing vehicle and has completed over 5,000 land deals for his company, Frontier Equity Properties. Mark is also the author of “Dirt Rich: How One Ambitiously Lazy Geek Created Passive Income in Real Estate Without Renters, Renovations, and Rehabs.”

Jonathan and Mark start their conversation by exploring what propelled Mark to pursue a career in land, why passive income is the antidote to financial insecurity, and the unpopularity of land compared to other asset classes. You’ll hear how to look for raw land, Mark’s flipping process, and the downsides of this particular investing class. He shares the personality types that best suit land flipping, who land buyers are, and how Mark finds off-market purchases.

Getting into real estate investing can feel too expensive for many would-be investors. Mark Podolsky advises others on investing in an affordable asset class and creating passive income streams.

In this episode, you will hear:

• The job and commute that drove Mark Podolsky toward the land business
• Passive income as the antidote to financial insecurity
• Why people often ignore land flipping in favor of something like wholesaling
• Looking for raw land with the resources that Mark recommends and the process for flipping it
• The pitfalls of land investing, pricing it for sale, and the importance of systems
• Solving money and time problems with passive income
• The personality types land flipping best suits and why younger people are interested in land flipping
• Who land buyers are and what they’re looking for
• Off-market purchases, how Mark finds them, and the criteria he uses to choose a geographic location
• What the future looks like for land

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Episode Credits

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