The Art of Passive Income

Paul Thompson wanted to break free of the chains holding him to his corporate job. He found himself in middle-management feeling unfulfilled, unrewarded, and a little depressed.  It was a family vacation that ended too soon that was the driving force that sent him looking for a change. He says that he never wanted to have to ask for permission to spend more time with his family again.  I didn't want to be controlled by some corporation that I am just a cold equation to. Paul is now a full time real estate investor who lives to help others to find their way also by turning his personal story of screening 20 deals in his first 18 months of investing into an inspiration to others.  Now doing about three deals per month Paul is able to help himself as well as help others build wealth with passive income. Paul delves into his real estate strategy of single family, buy and hold, along with: How he broke free with commitments such as a wife, kids, and a mortgage The right mindset to escape the matrix The worst advice he’s heard given regarding buying and holding single family homes Paul, who found himself climbing the ladder on the wrong wall, created his escape velocity. And today, he’s here to show you that by having a big enough purpose and by changing the mindset of time is equal to money, you can also create yours. Listen in now to The Art of Passive Income... TIP OF THE WEEK Mark: Learn more about Paul at PaulDavidThompson.com. Scott: To bring different types of chat into one dashboard, check out the service called Live Agent. It brings multi-communication channels all into one. Paul: If anybody else is having trouble thinking big enough, check out the book, The Big Leap: Conquer Your Hidden Fear and Take Life to the Next Level by Gay Hendricks. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Do you put all of your marketing eggs into one basket? What happens when that basket gets a hole in it because of changes to the algorithm, do you have to hit the pause button while you adjust and fix that hole? In this week’s Round Table discussion, Mark and the team put the emphasis on diversification in the marketplace. Joining Mark are: Scott Bossman Mimi Schmidt Tate Litchfield Scott Todd The team delves into: Omnipresence in the marketplace Lead generation Platforms Leveraging the buyers list There is no great one solution, you can get a lot of leads from great places, however the goal is to find ways to generate leads. -Scott Todd Scott also talks about the incredible value you receive when you sign up with the Platinum Plan at Landmodo.com. For less than a small cup of coffee a day, literally, 1.36 a day gets you unlimited posting and ultimate exposure through the website, re-targeting, the buyers list, and more! Listen in as the team offers solid advice on building a bullet-proof marketing campaign that will keep your business running seamlessly in the ever changing world of marketing! TIP OF THE WEEK Scott Todd: Check out Krisp.ai—FREE software to get rid of background noise when on calls. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Lee Kearney has done over 7500 flips and over a half-billion in sales and today he is on the podcast to tell us how he became one of the biggest and best house flippers in the country. Rewind the tape to 2003—Lee did his first flip, by accident, but it was that accidental flip that gave him the real estate bug.  Fast forward to 2007—Lee has now done 50 deals and has made over $2 million and has a million and a half in equity. Then the world came crashing down with the financial crisis. In just 12 months his net worth went from $2 million to negative $1.5 million. How did he come back from that?  “I'm not going to dig my way out of this hole by just sitting and doing nothing…” Lee did not just count his losses and walk away like so many others had, he knew there was money in real estate he just had to find the right strategy... and he did.  Listen in as Lee talks about the mistakes he made in his earlier days of flipping and how hiring a mentor and asking a lot of questions helped navigate him in the right direction. He delves deep into: How he made a comeback through the wholesale strategy How he went from being a real estate investor to a real estate business The importance of building processes, using the right tools, and hiring the right team Lessons learned in scaling quickly How he leverages market cycles The importance of due diligence and data collecting Plus, find out why Lee says that building a rental portfolio at the peak of the market is some of the worst advice he has seen, and so much more! Lee didn't make his fortune by focusing on one just strategy, his success was the result of grit, tenacity, and his knowledge and ability to leverage the market cycles. Listen in as Lee shares the details of how he became successful in real estate, in a big way!  TIP OF THE WEEK Mark: Learn about Lee at FlipYourIncome.com. He will walk you through his seven-step process. Scott: Check out RealTimeBoard.com—now Miro.com.You can create a virtual whiteboard where you can coordinate your team. Lee: Become more efficient with your time. Don't waste time on things that don’t create revenue. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

When selling a property do you go after that quick nickel and flip for cash to solve a short-termed money problem or the slow dime to create long-term wealth? In today’s Round Table discussion, you are going to hear the argument for both sides. In the past Mark has made it known that flipping for cash is one of his biggest regrets when he first started out. So, when he recently ran across a survey in a real estate group on Facebook pertaining to cash vs. terms and the majority of the vote was for cash, his frustration took over. Listen in as Mark challenges the team to poke holes in his argument and asks them, why on earth would you ever take cash? Here to answer that question are: Scott Bossman Aaron Williams Erik Peterson Mimi Schmidt Tate Litchfield Scott Todd Mark’s passion on the subject becomes quite evident in today’s show as he makes a strong argument for selling on terms in order to create long-term wealth and against flips that only creates another J.O.B. Listen in as #TeamLandGeek gets into a weighty discussion over this topic. Can the team come to a happy medium or is the room left divided? Plus, we leave you with a little food for thought—how long would it take you to save up $3 million, doing what you are doing? TIP OF THE WEEK Mimi: Check out the Chrome app, Messages Saver for Facebook. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Ryan Enk joins us on the show today to tell us how he was able to quit his J.O.B. as a “corporate drone” with passive income through real estate and how one question changed his entire life forever…  What Would You Do If Money Didn't Matter?  Ryan shares his backstory and the chain of events that ultimately led him to that life changing question… including the final straw, losing a house to hurricane Katrina with a wife who was 8 months pregnant at the time, leaving them with no place to live. Ryan went into survival mode and after reevaluating life’s events and all that he believed growing up, Ryan realized that hard work was not the formula to success. So, he decided to work smart instead and that real estate was going to be his vehicle. In just one year Ryan grew their net worth to over a million dollars. He and his wife both were able to leave their jobs and they have never looked back!  Since then, Ryan has built two million dollar indoor sports rings in the New Orleans area and traveled the US in an RV for a month with his wife and 5 kids… all from asking the one right question. Ryan now helps others get to six figures in passive income through real estate investing and today he is going to talk about his unique strategy with us.  He combines the two strategies:  Quick Nickel—Buying, rehabbing, flipping Slow Dime—Buying, renting And, just like the land niche, he finds motivated sellers and then he becomes the bank. He buys the property, puts minimal work into it, collects a down payment and leases on an option… eliminating the headaches associated with rentals.  What if they default? No problem! He still owns the property, he collects another down payment and puts someone else in there. Ryan shares all the details of this strategy, plus answers these questions:  What is your default rate?  Why isn’t there more people doing this? What is the worst advice you have seen? Listen in now... TIP OF THE WEEK Mark: Learn more about Ryan at CashFlowDadLife.com. Scott: Check out KanbanMail.app. It’s very similar to Trello. You take Trello and combine it with your email and it filters which emails need your attention, and when. Ryan: Check out The Seven Day Real Estate Survival Blueprint: How to Create $10,000 out of Nothing in Less than a Month. It's available in paperback, kindle and audio!  Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Mistakes in sales happen but wouldn’t it be great to gain some insight on common… and not so common mistakes in the land investing business?  In this week’s Round Table discussion, insight is what you will get!  Scott Todd takes over the helm for Mark this week and he and the team share some of the mistakes they have made or have seen others make in this business in order to help you make fewer mistakes!  This week’s team includes: Mike Zaino Scott Bossman Aaron Williams  Erik Peterson Mimi Schmidt  Tate Litchfield  Listen in as Team Land Geek delves deep into:  Document deadlines Giving away TOO much value Drawing up paperwork before you receive doc fees Unforeseen rubbish when buying & selling sight unseen Rushing the sale—Selling to the wrong person Giving away the property  Chasing an uninterested buyer—stop being a stalker Don’t forget the buyer’s list  Then, deals gone bad—Scott Todd shares a recent case in which he overlooked paying the taxes, resulting in a little buyer flip out and then county banishment…. forever!  Find out the details and how this all ended now… TIP OF THE WEEK Mimi: Avoid ad posting mistakes in Facebook by keeping up with Facebook.com/CommunityStandards. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

When the traditional ways of building wealth wasn’t working for our two guests, they left Wall Street in the rear view mirror and never looked back. Joining us today are Joey Mure and Russ Morgan of WealthWithoutWallstreet.com to talk about building wealth outside of Wall Street.  Russ & Joey help clients look outside of the traditional 401(k) box and the stock market at other options to build wealth, such as: Insurance Real estate Business investing Lending Or, other streams that are a better fit for their clients. But don’t expect them to do all the work for you, they believe that you should be an active participant in building your own wealth and by taking control of your own finances it will lead to greater prosperity and less stress. Listen in as Russ & Joey answer these whys: Why 15 year mortgages and tax deferrals are both bad ideas Why mutual fund investing is one of the worst things people can do with their money Why diversification is a lie You need to invest in the one thing that you understand; if it’s real estate go all in, if it's business go all in, if it's commodities or paper assets go all in but you better be active and you better know what’s going to happen and be able to control it. Because at the end of the day if everything hits the fan I want to be in the position where at least I knew I was the one who lost it and I was in control making it back versus looking up like I was in 2008, 2009 palms up saying what just happened? Listen in for all the details and get ready to take control of your money and start building wealth on your terms! TIP OF THE WEEK Scott: Check out the book, Am I Being Too Subtle? by Sam Zell. Joey & Russ: It’s not all about income, it’s about how much we keep and one of our biggest expenses is taxes. Go to FreeTaxCall.WealthWithoutWallStreet.com to learn how to use legal tax codes that could save you 30-50% of what you’re paying out. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Testing the market is an essential part of the land investing business and today Mark and the team go over the whys, whens, and hows of pre-marketing! Joining Mark in this week’s discussion are:  Aaron Williams  Erik Peterson Scott Bossman Mike Zaino Mimi Schmidt  Tate Litchfield  Aaron was recently approached by a community member who had a question about test marketing pre-acquisition stage and he presented it to the team to analyze in the week's Round Table discussion.  Listen in as Team Land Geek covers all aspects of pre-marketing, including:  Moving in to a new county Pricing - sending blind ads and finding comps Supply & demand Where to pre-market  There was one piece of advice that was reiterated by all, and that was to keep it simple. Don’t over analyze—just follow the recipe.  Plus, Mimi talks about the built-in scarcity strategy found in general ads. Find out what that is... and what exactly is a land woobie? Listen in for details... TIP OF THE WEEK Mimi: Check out Trello's power-up, Butler. It brings automation to your boards. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Do you find yourself making excuses or procrastinating about something you need to do to move forward but lack the confidence in yourself?  Joining us on today’s show is former Land Geek client, Victor Reynolds to talk about what it takes to change your mindset from one that finds excuses to move forward to a ‘take action now, no matter how big the step is’ kind of mindset!  Victor, who is also a former athlete just published the book, Get Off The Bench: The Secret Success Playbook To Maximizing Your Internet Business From the Coach You've Always Needed*. Today, Victor talks about the basis behind the book and why he wrote it.   The reason why people don’t succeed is not because they don’t know what to do, it's that they don’t have the belief that they can do it. They don't have the confidence or the mindset or the habits that you need to daily take action. Mark one your favorite words is Kaizen. A lot of people don’t have that ability to take those small continuous steps and that’s what the book is all about. We also delve into how to break down the pre-programming that was ingrained in our minds from childhood into young adulthood so you can start building the confidence needed to move forward.  Using land investing as an example, Victor demonstrates how by doing one single task, like mailing every day, you start to build:  Routine which builds… Knowledge which builds… Confidence! We also discuss:  Actionable mind hacks The compound effect Worst advice about building an online business Plus, Mark poses the question, who was your favorite coach and why? Now is the time to take action and listen in to today's episode of The Art of Passive Income to hear Victor’s answer and more! TIP OF THE WEEK Mark: Get yourself a coach, go to VictorDReynolds.com—Get Off the Bench. Get motivated, get accountable, and learn more there. Scott: I want you to write down on a piece of paper —“In your business, who are you serving and why?” You’re not serving your family, you’re serving people that need land. You have a responsibility to serve your market and show up every single day to solve their problems. It’s your job, you’re on a mission to serve that person. When you take that in you won’t apologize for your marketing and sales. You will show up and make the world a better place from your heart. Victor: Check out my book, Get Off The Bench: The Secret Success Playbook To Maximizing Your Internet Business From the Coach You've Always Needed. Check it out, look at it, and enjoy it. I put my heart solemnly into this book, and hopefully that comes through the texts. Another resource is Google. All the information you need is out there. Any technical knowledge that you need, Google will show you the way. But if you need more than that, check out my book, and hopefully it’ll help you and inspire you. Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

There are a number of reasons why life can get in the way of your land business, so how do you get restarted when you have been away for months? Get ready to reboot your land business on this week's Round Table! Join Mark and the team: Mike Zaino Erik Peterson Tate Litchfield Scott Todd ...as they tackle this matter from all directions! Find out their views from both a tactical standpoint and a mental one. Mark really hits it home with an exercise analogy that comes back to having that big enough WHY!  Listen in as Team Land Geek offers solid advice to those who have put their businesses on pause for whatever reason. They share their insight, wisdom, and valuable advice that will help you get back into the right mindset so you can get your business up & running once again without too many hiccups... no matter what level you hit pause on. Plus, Tate puts the spotlight on 2 Student’s, in this week’s Student of the Week!  The After Talk First, Mike presents his idea for a new segment for the Round Table podcast… is the team buying it!? Then, Tate drops a knowledge bomb that almost everyone is on board with. Find out what it is and what it has to do with Scott’s face! TIP OF THE WEEK Mike: A Zen quote from The Beginner's Mind—If your mind is empty, it is always ready for anything, it is open to everything. In the beginner's mind there are many possibilities, but in the expert's mind there are few.  ― Shunryu Suzuki Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?