The Art of Passive Income

In today’s episode of The Art of Passive Income, Mark and Scott talk with Brett Snodgrass—a full-time wholesale real estate investor and the CEO of SimpleWholesaling.com. Brett tells us that he’s always had a heart for entrepreneurship, even as a young child counting quarters in his piggy bank to see how much money he had. As a young adult, he studied business in college but was not interested in climbing the corporate ladder, so he left after a year and then went on to get a bachelor's degree in teaching. After four months of teaching, he knew it wasn’t for him either so he decided to follow his heart and read everything he could on entrepreneurship. After reading, The Millionaire Real Estate Investor, he knew real estate was where he wanted to be. His dad introduced him to a land developer that was on The Land Geek podcast, and that’s when his real estate journey began. Join us as Brett shares the details of his first deal and how it ultimately led him to Simple Wholesaling which is a lot like land investing, except with a house on the property. Brett uses the direct mailing method and looks for motivated sellers who are: Delinquent on taxes Have code enforcement violations Absentee or out of state owners Probate inheritances  Also, find out the type of properties Brett looks for, his top 3 lead generation sources, plus so much more! Listen in now as Brett dives into all the details of wholesale real estate investing, the simple way. Resources mentioned: Postal Impact SuccessorData.com TIP OF THE WEEK Mark: Learn more about Brett and wholesaling at SimpleWholesaling.com. Scott:  Read the book, You Are a Badass: How to Stop Doubting Your Greatness and Start Living an Awesome Life by Jen Sincero, to help you stop doubting your greatness and help you start living an awesome life. Brett:  Check out CloudHQ.net. It's an extension of Gmail that allows you to create a video and embed it into your email. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by: Scott Bossman Erik Peterson Tate Litchfield Aaron Williams Mike Zaino Scott Todd In this post, Orlando Bootcamp edition, the gang goes over their biggest takeaways. But not all were good and that leads the guys into a deep discussion about time value and why it makes better sense to follow the recipe. By following the recipe, you make fewer mistakes, cook more efficiently, and it’s done and on the table quicker leaving you ready to rinse and repeat—i.e. scale your business faster! Listen in as the guys dive deep into following the tried and true recipe and why some choose to do all the labor themselves instead of outsourcing those time-consuming tasks. Is it a labor of love, or fear? TIP OF THE WEEK Mike: Don’t worry about what you have to do, celebrate what you get to do. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

In today’s episode of The Art of Passive Income, Mark and Scott talk with Stephen Shapiro—StephenShapiro.com. Stephen is a big deal. He is in the business of company innovation and helps companies like 3M, Proctor and Gamble, Nike, and Marriott improve their innovation practices. Stephen is also the author of four books and has spoken to audiences in 50 different countries. Before Stephen became an expert in innovation and helping companies grow he was working at the opposite end of the spectrum in business optimization, which meant he was helping companies shrink and in the process people were losing their jobs. Seeing the impact it had on those who lost their jobs, he decided that he didn’t want to be part of that process anymore. So, he took a leave of absence and then decided to focus on innovation and growth. He created a 20,000 person practice and has never looked back since… that was over 20 years ago. Join us as Stephen dives deep into the approach of business innovation, including: The real definition of innovation How he convinces big companies to innovate instead of cut Where he sees companies struggling The worst advice he has seen given Plus, so much more! You can cut expenses and become optimized, however, you can’t cut your way to success. If you start cutting out all the expenses then the revenue is going to take a hit too because the two of them work hand in hand. There is no end date in innovation. You don’t reach your goals then take your foot off the accelerator and expect your company to keep going at status quo. Innovation is constantly changing and evolving with the market and it’s important to stay on top of your game and always look for new ways to grow and stay relevant in the market. Jeff Bezos is a good example of that. Jeff founded Amazon nearly 25 years ago, it’s the largest online retailer in the world and his foot is still on the gas pedal. They are still innovating like they are new. He’s set this long-term time horizon that says, “We are not dealing with today—we are dealing with 500 years from now. We are not done—We haven’t even begun.” Listen in as we travel deep into the world of business innovation, and find out which 3 CEOs Stephan would invite to dinner and what question he would ask them. Stephen's book recommendations:  Best Practices Are Stupid: 40 Ways to Out-Innovate the Competition written by himself Surely You're Joking, Mr. Feynman!: Adventures of a Curious Character -Richard P. Feynman Man's Search for Meaning -Viktor E. Frankl Orbiting the Giant Hairball: A Corporate Fool's Guide to Surviving with Grace -Gordon MacKenzie TIP OF THE WEEK Mark: Learn more about Stephen and true innovation the right way at StephenShapiro.com. Scott: Check out Checkiday.com. It shows you holidays that you can weave into marketing emails. Stephen:  Check out PersonalityPokerGame.com. It's a tool for teamwork. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by: Jeannie Morem Aaron Williams Erik Peterson Scott Bossman Mimi Schmidt Scott Todd We start off with a case of, what would you do. Jeannie has the opportunity to buy property in the path of growth in Los Angeles County. The property is zoned residential and there are plans to build a freeway near it. Should Jeannie buy & sell like normal or buy & hold for a possible higher profit down the road? There are a lot of conditions to take into consideration and the panel all weigh in on them. Our next topic is a geeky and valuable one—Listen in to find out how everyone uses the collaboration tool, Airtable. Other resources mentioned: Notion.ai Posting Domination Management TIP OF THE WEEK Erik: Check out Podium.com—a tool for gathering reviews. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

In today’s episode of The Art of Passive Income, Mark and Scott talk with Geoff Nicholson—GeoffNicholson.uk. Geoff works with people all over the world—entrepreneurs, CEO’s and other high performing professionals through coaching, mentoring, training and speaking helping them to create and live an exceptional life. Geoff’s story is an interesting and inspiring one. In 2000, he suffered from a bout of viral meningitis and recovered but within a year he was struck again which triggered a series of severe stress-related conditions that caused him to be bed bound for a year sleeping almost 20 hours a day rendering him housebound. He struggled with severe depression, anxiety, guilt and many other debilitating mental and physical conditions including severe lethargy, chronic migraines, racking muscular pain, poor concentration, and memory. He was so weak and lethargic, a simple walk down the stairs would take him half an hour. He suffered this way for years and then in 2006 with feelings of deep despair he felt like he couldn’t keep going or continue to put his family through his suffering so he decided to take his own life. He sat out to do it but stopped just before that fateful moment because of what he heard. What did Geoff hear that literally stopped him in his tracks?  And, how does one come back from such a dark place to go on and LIVE such an exceptional life?  It all starts in your head… "We all limit ourselves in the way of what we are thinking to what we are actually doing."  Listen in as Geoff walks us through his incredible journey of healing, in mind over body. TIP OF THE WEEK Mark: Learn more about Geoff by going to his website at GeoffNicholson.uk. Scott:  Read the book, The Success Principles by Jack Canfield. Read it, read it again, execute on it, and your life can be exactly what you want it to be. Geoff:  Do a productivity experiment—Every quarter within your business, focus on a certain result that you're looking for and explore how you can make that as efficient as you possibly can.   Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by: Jeannie Morem Aaron Williams Erik Peterson Mike Zaino Tate Litchfield Scott Todd Scott Bossman Mimi Schmidt Aaron brings up the first topic for discussion—Buying Within City Limits. Listen in as our full panel of Geeks clear up the questions: Should you avoid it and why? What should you watch out for in Due Diligence? Is it different than rural land? Next topic up for discussion—Legal Advice. Jeannie poses the question, should a land investor retain an attorney for legal advice or any issues that may arise? The gang all share their thoughts, experiences, and advice! And, can we be seeing Scott Bossman on a more regular basis on Round Table!? Listen in now for all the details! TIP OF THE WEEK Aaron: Check out the Chrome App, Speed Dial FVD to create a 3D wall of easy to access bookmarks whenever you open a new tab. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

In today’s episode of The Art of Passive Income, Mark and Scott talk with Chris Prefontaine—Founder of SmartRealEstateCoach.com and SmartRealEstateCoachPodcast.com. Chris, who has been in real estate for over 25 years has extensive experience in the construction of over 100 plus single family and duplex homes. Plus, he’s owned a realty executive franchise, done 80 million in real estate transactions, and does condo conversions! He mentors, coaches, consults, and partners with students around the country, alongside his family. Chris is also Amazon’s bestselling author of Real Estate On Your Terms: Create Continuous Cash Flow Now, Without Using Your Cash Or Credit. Today, Chris gets into the nuts and bolts of sandwich leasing—being the middleman between the seller and a rent-to-own buyer. Chris buys 3-6 homes a month on terms—Buying them without using his cash, without applying for loans, and without deposits on a lease purchase or owner financing option. Listen in as Chris delves into: The lease purchase process The lease-end turnaround process to sell as a rent-to-own Why it makes sense for a homeowner to sell to a middleman Finding the deals How much capital needed on the turnaround sell for repairs or upgrades Things that can go wrong Plus, Chris walks us through a case study of his last deal!   Without being able to poke any holes into Chris’s niche, both Mark and Scott lose all focus and come down with a severe case of shiny object syndrome. But in the end, each agrees that there’s no niche like land. If you're hungry for real estate, you don't want to miss this episode!  TIP OF THE WEEK Mark:  Learn more about Chris by going to his website at SmartRealEstateCoach.com. Scott: Check out the service called FreshChat at FreshWorks.com. It's live chat software on multiple channels. Chris: Reach high with a mentor. Also, read the book, There's a Customer Born Every Minute: P.T. Barnum's Secrets to Business Success by Joe Vitale. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by: Tate Litchfield Mike Zaino Erik Peterson Aaron Williams Jeannie Morem With the final Orlando Bootcamp and the last one of 2018 just over a week away, we wanted to give you some insight on what to expect if you’re attending for the first time. Join the panel of Geeks as they offer great advice for preparing for a full weekend of intense training. The one piece of advice that was reiterated by all was to get plenty of rest beforehand! The amount of information you will receive can be overwhelming so it helps to go into Bootcamp with a well-rested and open mind. Between the networking & information—that total immersion, no matter where you are in the business you will walk out of there a different person with your business. That is a guarantee! Then, Mark poses the question: Do you have to be at a certain point in your business to take full advantage of Bootcamp? The answer is yes, and no. Listen in now to hear more of the details. Plus, Jeannie gives great advice from a newbie student perspective and Tate gives us a little VIP teaser! TIP OF THE WEEK Mike:  Check out our social media sites, Instagram—@TheLandGeek and Twitter—@TheLandGeek. There is a lot more content coming! Erik's Book Recommendation: Rich Dad Poor Dad by Robert T. Kiyosaki. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

In today’s episode of The Art of Passive Income, Mark and Scott talk with Tyler Sheff, CEO of CashFlowGuys.com—where the goal is to simplify the process of buying and selling real estate. His company aims to educate their clientele in investing in real estate and building long-term wealth. The Cash Flow Guys provides their clients with the necessary tools to succeed as a real estate investor from the ground up.   Tyler shares a bit of his backstory starting with house flipping 20 years ago before TV had popularized it with the HGTV shows. His plan was to get rich flipping houses until Uncle Sam stepped in and demanded his cut of the capital gains. Fast forward a few years, he’s now working for the Government and making great money, but Uncle Sam is still taking his share of income taxes. So Tyler googled how he can legally reduce his tax bill and that search led him back to real estate, to buy and hold properties. But, Tyler who was now accustomed to a certain lifestyle knew that he couldn’t scale fast enough on single family homes and decided that multifamily of 5-50 doors made more sense for him. If I want to change how I am taxed I simply need to change how I  generate income. Today, Tyler shares his multifamily real estate strategy with us and why he focuses on Mom & Pop properties where, like in land, he finds the opportunities in the due diligence process. Also, find out: Tyler’s strategy to leverage the equity for a tax-free payday His sweet-spot for private money As a realtor, why he takes his commision on notes The downside to his model And, so much more! This podcast is a wealth of information, listen in for all the details! TIP OF THE WEEK Mark: Learn more about Tyler by going to his website at CashFlowGuys.com. Scott:  Read, Thinking, Fast and Slow by Daniel Kahneman. Tyler: Take action and invest for cash flow. Don't invest on piles, invest in streams. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by: Tate Litchfield Jeannie Morem Erik Peterson Aaron Williams Scott Todd Occasionally we run into obstacles in this business that slow down progress. Usually, we can get around those roadblocks ourselves with time, persistence, and patience. But what happens when those obstacles are out of our control? Today, Bearland Aaron shares one of those situations with us, in regards to county backlog and processing times. We go over possible solutions and strategies for those choke points that are out of our control so that we can keep the deal moving forward in a timely manner. And, should part of our county research include calling the county to find out how quickly they can get things done and also ask if they use Simplifile? Listen in now as Tate gives us his checklist of questions when researching a county. TIP OF THE WEEK Erik:  RemindThem.com—To easily collect phone numbers so that you can send text messages about new content and promotions. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?