Episode 95
072: Quitting your Job to Invest in Raw Land with Mark Podolsky (a.k.a. "The Land Geek")
Mark Podolsky (AKA the Land Geek) is real estate investor and coach who specializes in buying and selling raw, undeveloped land within the US. Mark has actively invested in real estate since 2001 and has completed over 5,000 transactions. Mark also has a SaaS business and is the host of multiple podcasts, including The Art of Passive Income and the Land Geek Podcast. Most importantly he is a husband and father of three kids.
In this interview we discuss:
- Mark started as an investment banker doing M&A and hated his job
- Started flipping raw land parcels based on advice from a friend
- How Mark got started in raw land on the side and eventually quit his job to flip RE full time
- When Mark takes risks, he asks “What is the worst thing that can happen?”
- Planning out your ideal homeless experience
- How uncontrolled spending made his family unhappy
- How Mark dealt with and overcame the real estate crash in 209-2010
- Mark was able to overcome the crash b/c he never used any debt
- How Mark benefited from hiring a business mentor to help him automate everything
- How to make money in land notes
- The Warren Buffett 300% margin of safety
- How Mark works two hours a week in the business and automates the rest
- How Mark got into coaching and how he helps others do the same thing
- How Mark’s business has gone up every year since he started teaching other and creating competition
- The three buckets of stress in people’s lives
- How Mark balanced his business and raising his kids
- Mondays and Fridays are his “Terminal” Days
- How gratitude can make life so much better
Links:
If you are interested in coaching or have feedback or questions on the podcast, feel free to send me an email: andy@andystorch.com
