The Art of Passive Income

In today’s episode of The Art of Passive Income, Mark and Scott talk with Rick Coplin—RickCoplin.com. Rick is a communicator, coach, and catalyst leading successful people to clarify their mindsets, identify their purpose, and cultivate the conviction to intentionally leverage their success and move into a life of significance. Rick puts his focus into helping those who have already been successful in life but who feel like there’s something more. He takes them through a process to help them design their perfect lives by understanding who they are today and what they believe they are capable of doing and who they want to be. Join us as we delve deep into getting to the core of our significance. Plus, Rick answers: Why he chooses to work with successful people Challenges he sees people face crossing the bridge to a life of significance Where he sees people defining significance Plus, find out which three people, living or not, he would have over for dinner and what’s the one question he would ask them. Listen in now as Rick takes us on a journey into our psyches to uncover our path to significance. “The key is not thinking that it’s a singular linear path. It is a path that you start and make decisions along the way that radically change or in some small ways change what you are doing...you tweak it. It’s an evolutionary thing, not a radical one.” TIP OF THE WEEK Mark: Learn more about Rick and how you can achieve significance in your life, going from success to significance at RickCoplin.com. Don’t forget to check out his podcast, a really great resource for moving up that chain of Maslow's hierarchy and really helping define your purpose, becoming more intentional in life and becoming a greater contributor. Scott: For taking fast notes right from your menu bar, check out the Mac app, Tyke.io—It's free! Rick: Read the book, Half Time by Bob Buford. It’s about what are you doing with your life as you work your way through your career? What's going to be significant about you? 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 Mimi Schmidt Aaron Williams Scott Todd Today, the panel analyzes a question coming from the Facebook Group: When do you lower and how do you determine the price when there is a big price range difference for comps? That brings us back to last week’s discussion on marketing and listening to what the market is telling you through the response rates. The group goes deep into: When and IF you should lower the price Testing the market by raising and lowering the price How much should you lower it Using “special deals” Anchoring And, so much more! Listen in as they all give great advice and share their own strategies for getting the price right. When a lot of people start off buying and selling land, they want to sell the property and that's always the biggest hurdle to overcome. People freak out when they put their ads out there and advertise it but they’re not selling the property. Maybe some people are asking questions about it, they’re inquiring to some degree but no one is pulling the trigger to buy it. So, it’s really easy to feel like you didn’t price it right. But ultimately, it’s just about bringing enough potential buyers to see your ad. It takes somewhere around 50 leads to sell a property. If you’ve achieved that and you still don’t have a sell, them maybe its alright to start lowering the price. You should have plenty of room to do that if you bought the property right. -Erik Resources Mentioned: 10bii Financial Calculator TIP OF THE WEEK Erik: Check out the coaches recommended reading list at TheLandGeek.com/ReadingList.  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 Land Geek alumnus, Mike Ferreira. Mike, who bought the Investor’s Toolkit in 2014 has been flying under the radar and silently crushing it in land investing ever since! Mike, who was in the gold and silver business when he found The Land Geek program, bought the Toolkit and went through the lessons but didn’t fully commit himself to the business for another year. Once he did, he left the precious metal business behind because he found that land was “easier, more fun, and more profitable”. Listen in as Mike talks about his journey and the challenges he faced in setting up his land business on his own. He tells us that if he could do it all over again he would have invested in coaching. If I had done coaching or if there was Flight School at the time, the learning curve to really rocking this business would have been so shortened. I probably would have made a quarter of a million dollars more than I have in that amount of time. So the investment would absolutely have been worth it to me.  Mike also shares: What he thinks about the competition What he learned from the gold and silver business that applies to land Deals—and why he prefers owner financing Plus, he gives newbie advice for those who are just discovering the business and so much more! Mike grew his passive income in land to exceed his fixed expenses… He works when he wants, where he wants and with whom he wants. So what does he do with all of his spare time? He does MORE DEALS! TIP OF THE WEEK Mike: Check out SimpleTexting.com. It's SMS texting where people will punch in and send a short code to a number and they get an automatic response and I can also do a blast just like an email blast to everybody's phones for text messages. The open rate of a text message is way superior to email. I use it in conjunction with MapRight.com—an interactive mapping program. You can put interactive satellite maps on your website, but you can also send people links to the interactive map. And when you do so, they can open that link on their phone and download a free app which has the parcel outline of the property they’re looking at. It works in conjunction with the GPS on their phone. I use these two together. 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 and the panel of Geeks… Mimi Schmidt Tate Litchfield Mike Zaino Jeannie Morem Erik Peterson Scott Todd ...were streaming live from the Facebook Group where they were taking questions from the community. How long do you market a property on Craigslist and Facebook before you take it to eBay? Should you consider eBay as the last resort? And, should you chalk a hard-to-sell property as bad property or just chill and adjust your marketing? The gang all share their thoughts and rules about selling on eBay. Also, find out Jeannie’s naughty little eBay secret!   How do you create urgency in your ads? Some ways mentioned were: Headlines Volume Copy Photos Communication Listen in now to get all the details! TIP OF THE WEEK Mike: Watch the Nite Cap episode with Scott Todd. 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 Lane Kawaoka—SimplePassiveCashFlow.com. You may remember Lane from a previous podcast. He started his real estate investing career in 2009 cash flowing single-family home rentals while maintaining his day job as a Project Engineer and Licensed Professional Civil/Industrial Engineer. Still working his day job, he’s back to talk about his move to the multifamily realm. Because of the differences between single-family homes and multifamily, Lane admits there was a bit of a learning curve in the beginning but has built up his portfolio to about 434 units, in 3-4 deals! His strategy is to go after B and C class properties, add value to them, then increasing rent which in turn increases revenue. Listen in as we dive deep into the details of multifamily investing and why he made the move. Plus, we go over the numbers and delve into: Differences between non-recourse and recourse loans Differences between classes and why he chooses B & C class Advice on getting started What he doesn’t see changing in real estate investing Also, find out why Lane thinks that multifamily is an unfair game and so much more! TIP OF THE WEEK Mark: Learn more about Lane Kawaoka and about the very exciting, sophisticated, cool, high return world of multifamily investing at SimplePassiveCashFlow.com and don't forget to check out his podcast! Scott: Check out the iPhone app called Boomerang for Instagram. It takes a burst of photos then turns it into a video. Lane:  Don’t be an “askhole.” Don’t be that person who just asks questions. Find people who are in the position to help you and give value off of that.   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: Aaron Williams Mimi Schmidt Erik Peterson Jeannie Morem Tate Litchfield Scott Todd Live from the Official Facebook Group, the gang starts this week off by sharing what they did on Labor Day… do you celebrate it the same if you don’t have a job you have to report to? TOPICS OF THE DAY PROBATE—When the party or parties on the deed are deceased and there is no executor of the will assigned to transfer the property somewhere else. It has to go through a lengthy process of legalities to clean the title. TREASURER'S DEED—A deed issued in a tax deed sale, so that the buyer is buying the property from the county. It’s no different than a quit claim deed. Selling can be a challenge though if the buyer wants to build right away because title insurance can’t be issued until the title is cleared and that can take several years depending on the state. Listen in as the panel goes deep into the details of both situations, the time and costs involved in each, when you should consider buying, and when not to. Plus, Mimi and Scott both share recent probate deals they proceeded on. TIP OF THE WEEK Erik: Start by doing what's necessary; then do what's possible, and suddenly you are doing the impossible. -Francis of Assisi. 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 Rocky Lalvani Founder of RicherSoul.com—helping people create fulfilling and meaningful lives by taking money out of the equation so they can live richer lives and live their dreams without regrets or debt. Rocky always had the mindset to save money. At a young age his goal was to be a millionaire, so he set up an automated savings plan that would get him there. Coming from the corporate medical world, he was shocked to learn that so many professionals lived at or beyond their means at a 6 figure income, they had no savings to show for it. Join us as Rocky shares how he helps his clients get to the core of their purpose by being intentional and thinking forward. Having a purpose gives you meaning and it gives you something to work towards. And while money is not the destination, having that direction to their deeper purpose, people are more apt to make smarter money decisions. Rocky helps his clients eliminate wasteful spending by creating a financial balance sheet and a statement of cash flow and teaches them to run their life as a business. Rocky also explains why these three components are imperative in creating a richer soul: Health Relationships Spirituality Are you ready to get to your core purpose to start living a more meaningful life? Listen in now as Rocky puts you on the path to a richer soul. TIP OF THE WEEK Mark: Start living a deeper, more fulfilling life. Learn more about Rocky by going to his website at RicherSoul.com. Scott:  Check out the app FlagTimes.com to see times in different time zones. Rocky: Do your best to take care of your body. Read, The Plant Paradox: The Hidden Dangers in "Healthy" Foods That Cause Disease and Weight Gain by Steven R. Gundry. 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: Aaron Williams Mimi Schmidt Mike Zaino Erik Peterson Jeannie Morem Tate Litchfield Scott Todd As fall approaches and the kids are heading back to school, we want to get back to the fundamentals that really set up a solid foundation for a successful land business. The three most important elements are: County Research—This is first and foremost. Good county research and knowledge support the next two elements… Mailing and Marketing—You have to know the area you are mailing to in order to send a fair offer amount. Every county has it’s higher valued areas and it’s lower areas. KNOW your county, MAIL, then MARKET—Land Investing 101. Listen in now as the panel of Geeks go over all the basics that helped them build strong foundations for their businesses. County research is very important because the market is always going to change. -Mimi TIP OF THE WEEK Erik: Check out BuzzSumo.com—a research tool to help you develop content for blog articles about your land. 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 Sensei Gilliland—Founder and President of BlackBeltInvestors.com. Sensei, a successful real estate investor, began investing in 1995 and since that time he has created cash through wholesale real estate, obtained wealth through rental properties and continues to teach his methods through seminars, personal training and club meetings helping people to achieve their dreams.As a young karate student, he became heavily involved in martial arts competition during his high school and college years. Sensei received the honor of being ranked as one of the top three martial artists in the United States for five years straight. His first year out of high school, Sensei opened the doors to his own martial arts school and to this day owns and operates several schools from which he continues to teach actively. Starting out in real estate before the internet and digital photography, Sensei took a big risk buying homes that were across the country from him. Living in California and buying homes in Florida, Sensei put faith in front of fear and it paid off. Starting with the buy, fix, and flip niche, Sensei flipped his first property in nine months. Join us as Sensei shares how he made the transition from martial arts to real estate investing and why he chooses real estate across the country. Plus, find out: The worst real estate training advice he has seen Why you need to cultivate the land before doing the surface work We also dig deep into the biggest parallel between martial arts and real estate investing, discipline and how to be more disciplined in our real estate investing businesses and in our lives. Ready to earn your black belt in real estate investing? Listen in now... TIP OF THE WEEK Mark: Learn more about Sensei Gilliland by going to his website at BlackBeltInvestors.com. Scott:  The Google Chrome app that Scott recommends, Disable HTML5 Autoplay, is no longer being maintained. Sensei:  Run comps off of MLS and get title comps as well—it's a mixture of MLS sales and private sales. It might get you a high number. 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, a big misconception people have coming into this business is the time and effort it takes to build a successful land investing business. Some look at the success of those before them and think that they can beat their timeline but when it doesn’t happen, or setbacks arise, they quit before they even give themselves a fair chance. You are building a business, and that takes a lot of work! -Scott Listen in as the panel of Geeks, Scott Todd Tate Litchfield Mimi Schmidt Aaron Williams Jeannie Morem Erik Peterson ...join Mark and dive DEEP into the effort and time it takes to set up the systems and processes correctly so you can have a successful business and reach that financial and time freedom that you’re looking for. They talk about their own timelines and setbacks and give advice on how to create goals, not deadlines. Continue to follow through and know the results will come. -Erik If you’re serious about land investing, you do not want to miss this episode! Write down your goals and get rid of that artificial deadline. Whether it happens in 18 months, 17 months 3 days, or 36 months, once your passive income exceeds your fixed expenses, GAME OVER! -Mark Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?