The Art of Passive Income

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?

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?