The Art of Passive Income

Latest Episodes:

Pete Reese Shares His Model to Make Money and Build Wealth May 09, 2023

Show notes

Pete Reese is the President of Reelvest Properties, a land development and investment company. With nearly two decades of real estate experience as a broker and investor, Pete has successfully purchased and sold hundreds of pieces of real estate for a profit over the years for himself and on behalf of his clients. He did $3.5 Million in Revenue in 2022 with his land flipping and development business, and he’s pushing to do $10 Million in 2023. Pete’s always looking for his next deal, including his longtime dream of his own private island.

Episode notes:

Pete explains:

How he got into real estate
What are the biggest differences between REO and house flipping and land flipping?
The advantages and disadvantages of land flipping
What about land flipping appeals to him
His exact land flipping model
How much cash you need to start out
His lessons learned
What he looks for when evaluating a market

TIP OF THE WEEK

Pete

This is going to sound a little weird. It’s Bing. They just released and are running on ChatGPT 4. ChatGPT is quite a bit smarter. You can ask it anything. There are some interesting uses when combining ChatGPT with a search engine.

Mark

Learn more about Pete Reese and his podcast at turningprofit.com.

WANT TO LISTEN MORE?
Did you like this episode? If so, listen to another AOPI podcast episode about how to build wealth with distressed bank notes.

"Are you ready to learn more about land investing? Just click HERE to schedule a call."

"Isn’t it time to create passive income so you can work where you want when you want, and with whomever you want?"

The Team's Solid Advice For When Your Marketing’s Not Working May 02, 2023

Show notes

Joining Mark are:

Erik Peterson
Landon Harris
Teria Harris
Tate Litchfield

The geeks offer their insight to:

Take ownership
Try something different
Gather metrics
Reevaluate systems, pricing and photos
Spend more money

Mark also segues into a brief discussion on the ethics of using AI-generated photos.

TIP OF THE WEEK

Landon:

I have a book called Getting Things Done by David Allen. It was helpful for me to get unstuck from my own processes. It helps you prioritize the things you need to get done. My biggest takeaway is realizing that just because something comes up in the moment, it doesn’t mean it needs to be done right then. It has helped me put things in order of importance.

WANT TO LISTEN MORE?

Did you enjoy this episode? If you did, check out another AOPI episodes as team Land Geek takes on weekly wins, marketing and mantras.

Are you ready to learn more about land investing? Just click HERE to schedule a call.

Isn’t it time to create passive income so you can work where you want when you want, and with whomever you want?

How to Overcome First County Commitment Apr 25, 2023

Show notes

Joining Mark are:

Erik Peterson
Landon Harris
Scott Bossman
Tate Litchfield
Scott Todd

The geeks weigh in on:

How to determine the first county to go after and set yourself up for success
How to trust the process
How much time to give to test the market
How to consider budget and price points

Erik compares his YouTube challenge with first-time land business owners.

TIP OF THE WEEK

Landon:

The YouTube channel, Motivational Hub is devoted to motivational speeches. What got me really sucked in was a speech by Warren Buffet called “Why Two Percent Succeed and 98 Percent Don’t.” There are speeches by entrepreneurs and actors. It can relate to starting a business and what we all talked about today.

WANT TO LISTEN MORE?

Did you enjoy this episode? If you did, check out another AOPI episodes that covers how to develop a mindset that creates focus and facilitates success.

Are you ready to learn more about land investing? Just click HERE to schedule a call.

Isn’t it time to create passive income so you can work where you want when you want, and with whomever you want?

How Pastor Larry Murrell Built His Legacy and Enhanced His Life, With Land Apr 18, 2023

Show notes

Listen and learn:

How he discovered Land Geek
His land investing journey
His favorite deal/proof of Land Geek concept
What made him decide to sign up for coaching and how he sold his wife on it
How much time he spent in the beginning and how much he spends now
The value of creating a culture of appreciation with virtual assistants
His monthly passive income

Larry also discloses what his wife said when he closed his first deal and the most challenging part of the business.

TIP OF THE WEEK

Larry:

I’m a reader and I love reading. I love John Maxwell’s book, Winning with People. When it comes down to it, you can learn to relate to people in a way that brings reciprocal results. If we don’t know how to win with people, we’re not going to win.

Mark:

Learn more about Larry Murrell at mustangland.com and see how you can support him.

WANT TO LISTEN MORE?

Did you like this episode? If so, tune into another student success story how one coaching built his business from hobby to $25k in monthly passive income.

"Are you ready to learn more about land investing? Just click HERE to schedule a call."

"Isn’t it time to create passive income so you can work where you want when you want, and with whomever you want?"

HOW VAs CAN HELP SCALE YOUR BUSINESS AND MAKE YOU MORE MONEY Apr 11, 2023

Show notes

Not only does the duo share a rich dialogue about the value of virtual assistants, but they also provide insight on how personal connections strengthen business relationships–and some entertaining icebreakers.

Laith takes us through:

What prompted Laith to enter into the VA space.
Why he prefers to target businesses that have already be end one before
What separates Assistantly from the competition
What Americans should know about Filipino culture
How ChatGPT is changing the VA business
How to handle a team member who’s not the right fit

Listen to learn if you should hire a virtual team member.

TIP OF THE WEEK

Laith

I’m going to give a straightforward answer. If you’re a business owner and not on LinkedIn, you’re really missing out. I stay extremely active to grow my business. I’ve grown a large network of other CEOs and Founders of startups and have learned a ton from sparking conversations. I’ve also hired amazing people from Linkedin. I go through my feed for 20-30minutes per day and get so many tips and tricks that I feel like I’ve gotten an MBA from just scrolling my LinkedIn feed. It’s not just for large corporations. There is so much free value on it. I’ve seen a crazy amount of growth from using it!

Mark

Save your self sometime, go to Assistantly.com and learn how to hire a rock star virtual team member who can help you scale your business and make more money.

WANT TO LISTEN MORE?

Did you like this episode? If so, listen to another AOPIpodcast episode about what makes a good client for a virtual assistant.

"Are you ready to learn more about land investing? Just click HERE to schedule a call."

"Isn’t it time to create passive income so you can work where you want when you want, and with whomever you want?"

How James Buttermore Quit His W2 Job and Improved the Quality of His Life Apr 04, 2023

Show notes

You’ll want to know:

What brought him to land investing and what he was doing when he discovered Land Geek
His favorite deal and what he made on it
His current passive income numbers
The mental challenges coaching helped him overcome
How land investing has changed his life

You’ll also hear James’ fixed over head costs and how much time he actually spends in his business.

TIP OF THE WEEK

James:

My Tip of the Week is a software called LandscapePro. It allows you to edit and enhance photos. It’s easy to use and makes pictures look a lot better. And it’s only 39 bucks.

Mark:

My tip is an app called Natural.ai You can speak into the app and it will find you the cheapest or best ways to book travel, order food, send a gift, and shop.

WANT TO LISTEN MORE?

Did you like this episode? If so, tune into another student success story how one coaching student transitioned from lawyer to land investor.

"Are you ready to learn more about land investing? Just click HERE to schedule a call."

"Isn’t it time to create passive income so you can work where you want when you want, and with whomever you want?"

Become the Bank and Work from Anywhere: Invest in Mortgage Notes Today Mar 28, 2023

Show notes

Jamie Bateman is the founder of Labrador Lending and has been an active real estate investor since 2010. Jamie is an experienced real estate investor and business owner who has been actively buying and selling mortgage notes since early 2018. During this time, he has acquired over 75 mortgage notes with principal balances in excess of $4M with collateral across 20states and growing. He was a company commander as a Captain in the U.S. Army and served his country while deployed to Iraq.

EPISODE NOTES:

Jamie’s mentorship will explain:

How he made the leap from working with the Department of Defense to real estate investing
What is a mortgage note fund and what are the benefits of investing in one?
What are the challenges of this niche?
What you need to start investing in mortgage notes

You’ll also want to hear what it was like for Jamie to quit his W2 job and how he did it.

TIP OF THE WEEK

Jamie:

Read the book Redneck Resilience, by James Harold Webb. It’s a fascinating read about the ups and downs of the author’s entrepreneurial journey. He’s done very well, but also faced a lot of adversity along the way.

Mark:

Go to Labrador Lending to learn more about Jamie, his funds and his podcast.

WANT TO LISTEN MORE?

Did you like this episode? If so, listen to another AOPI podcast episode about how to get equity freedom in your home or residential real estate.

"Are you ready to learn more about land investing? Just click HERE to schedule a call."

"Isn’t it time to create passive income so you can work where you want when you want, and with whomever you want?"

Is the Team Who Got You Here the Same Team to Keep Your Business Growing? Mar 21, 2023

Show notes

Joining Mark are:

Teria Harris
Tate Litchfield

The geeks tackle topics like:

What to consider when scaling with a staff
How to know when your business has outgrown a team member
Advice on how to have the delicate conversation
How to prepare in advance of parting ways

Plus Teria shares a cringe-worthy anecdote from her past management experience.

TIP OF THE WEEK

Tate:

WANT TO LISTEN MORE?

Did you enjoy this episode? If you did, check out another AOPI episodes when the Land Geeks talk discusses how to bulletproof your business with great VAs.

Are you ready to learn more about land investing? Just click HERE to schedule a call.

Isn’t it time to create passive income so you can work where you want when you want, and with whomever you want?

How To Create Passive Investment Opportunities with Patrick Grimes Mar 14, 2023

Show notes

Patrick is the Founder and CEO of Investon Main Street. He has fifteen years of experience in active real estate investment: purchasing distressed assets, renovating, and stabilizing for long-term cashflow. His portfolio includes controlling ownership over 4000 units in the emerging markets across Texas and the Southeastern United States.

Episode notes:

Patrick provides expertise including:

How he got involved in real estate
His “buybox”
What he means when he says “Everyone has an investment business, whether they like it or not.”
How does he value properties as good deals?
Investing in recession resilient areas
Questions to ask to differentiate between 3-4 multi family operators, when evaluating them

Patrick also explains the importance of taking advice from those who have failed.

TIP OF THE WEEK

Patrick

With so much going on, the One Thing by Gary Kellar has totally shifted my approach and allowed me to get some clarity and peace. Listening to the book and implementing that technique has been game changing for me and my team.

I’m happy to offer a free signed copy to the listeners to add to their journeys.

The Book Persistence Pivots and Game Changers, Turning Challenges Into Opportunities is the first time I wrote out my whole story. It talks about the ebbs and flows and the persistence required to make it.

Go to https://investonmainstreet.com/book/and enter promo code The Art of Passive Income. You can book a meeting with me, but you don’t have to.

Mark

Learn more about Patrick Grimes, go to Invest on Main Street.

WANT TO LISTEN MORE?

Did you like this episode? If so, listen to another AOPI podcast episode about how to protect your assets and investments.

"Are you ready to learn more about land investing? Just click HERE to schedule a call."

"Isn’t it time to create passive income so you can work where you want when you want, and with whomever you want?"

Coaching Student Matt Nunn Shares How the Land Geek Changed His Life Mar 07, 2023

Show notes

Listen and learn:

What brought him to land investing
His favorite deal and what he made
What benefit the coaching program brought to him and
How Matt was able to use coaching to grow his business
How he measures success for his business
What has he outsourced that has had the most impact
What he does to push himself out of his comfort zone
Who would coaching benefit?
The most challenging piece of his business

Matt also shares his advice for beginners and what he’d do differently.

TIP OF THE WEEK

Matt:

I have two quick ones. The first is the book, Success is Not an Accident, by Tommy Newberry. It shows you what’s important in life. My second one is remembering to take a day off. I think you’re better for it.

Mark:

Go to nunnlandsales.com and check out Matt’s business.

Find out more.

WANT TO LISTEN MORE?

Did you like this episode? If so, tune into another student success story to find out how one husband and wife team make their business work.

"Are you ready to learn more about land investing? Just click HERE to schedule a call."

"Isn’t it time to create passive income so you can work where you want when you want, and with whomever you want?"