The Art of Passive Income

Latest Episodes:

How To Get A Return On Your Investment And Time Feb 04, 2021

Show notes

Gary Boomershine got into real estate full time in 2004. He founded RealEstateInvestor.com in 2005 out of the need to scale and grow his own real estate investing and home buying business. With a family legacy in the real estate niche and a long successful career in enterprise and emerging technology markets, Gary saw the vision for RealEstateInvestor.com. He noticed the glaring opportunity to leverage people, processes, and technology to gain a leg up in a changing and competitive marketplace. Under his leadership, his business has launched a technology revolution within the real estate niche; offering an alternative to the MLS (Multiple Listing Service) by bringing pre-screened motivated sellers and buyers face to face at the right time.

As he worked to develop and use the initial product and service, he saw his real estate business flourish by allowing him to work smarter and not harder. By doing that he is able to focus on the one thing that makes money which involves talking to sellers and making offers. Gary currently resides in Northern California with his wife and two daughters where he continues to be a visionary for RealEstateInvestor.com. He is actively involved in real estate investing and private lending.

Listen in as they discuss:

Gary’s journey to where he is at now.
Building or implementing systems that work for your business.
Delegating work to people who will add value to your business.
Why are people resistant?
The concept of getting a return on your investment and time.
The concept of opportunity cost.
The fastest and easiest way for businesses to make offers and close sales.

And, more!

If you are doing a ten dollar an hour work, you’re going to have a ten dollar bank account. ~Gary Boomershine

TIP OF THE WEEK

Mark: My tip of the week is going to make you millions of dollars for your lifetime, but again, it’s leverage points. Luckily, Gary Boomershine can help you just go to realestateinvestor.com and learn more.

Scott: Check out find-your-next-startups-name.now.sh, your next startup is going to be simple and furb.

Gary: These changed my life. First, in anything that I want to excel at I get a coach. The second thing is Masterminds, being around like-minded, sharp, and sharper-than-me people has been a life-changer. The third is the book Traction by Gino Wickman Model. They have an operating Model called EOS, it’s been a life-changer.

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 Start a Successful Land Business with 10K in 2021 Feb 02, 2021

Show notes

Joining Mark this week are:

Scott Bossman
Mike Zaino
Teria Harris
Erik Peterson
Tate Litchfield
Scott Todd

Listen as they go around the table and outline what each geek would do if they were to re-start their land business in 2021 with $10,000 cash on hand. Will they invest in training, wholesale, or land arb? Will they focus on good ole fashioned mailing and marketing? Tune in to find out!
Plus, Teria shares that she’d invest in infinite banking. Want to learn more about infinite banking? Learn more here!

TIP OF THE WEEK

Teria: On Facebook, I used to be able to do my strike-out in a Word Document and copy it and paste it into my Facebook Ad, and with improvements and changes that they’ve made they’re no longer able to do that. So I found a website called yaytext.com; it allows you to go in and bold your text or strike–through all the other grammatical new ones that you want to put in your ads, it’s there on that website and you can copy it and put it into your Facebook Ads and it shows up the way you want it to. It’s a pretty cool little tool.

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?

Reasons Why You Need To Focus On Your Strengths Jan 28, 2021

Show notes

Mike Simmons wasn’t born into an entrepreneurial family, however, real estate investing became his fascination in 2003, and from then, has gained knowledge and experiences which have made him a wealth of knowledge for budding entrepreneurs worldwide. Today, he is a speaker, podcaster, business coach, and author. He has been in real estate since 2008 and has flipped houses, bought rentals, and wholesaled hundreds of deals. Since then, he has grown his business tremendously which is detailed in his book, Level Jumping, which is available on Amazon.

He is the producer and host of the popular podcast Just Start Real Estate where he interviews inspiring investors who share tips and strategies for growing an investment-based business. He is also a partner in 7 Figure Flipping which is one of the nation’s largest real estate mastermind groups.

Listen in as they discuss:

How Mike got started and how he took his business to where it is today.
Doubling down on your strengths as opposed to your weaknesses.
The wholesaling method.
What does it take to scale a business?
When is the best time to scale your business?

And, more!

TIP OF THE WEEK

Mark: My tip of the week is going to help make you wealthy. Learn more just go to mikesimmons.com, check out the book Level Jumping, check out their Podcast, and listen to my talk with the other people to inspire you.

Scott: Check out this Chrome Plug-In called Tab Save, you can look it out in Chrome Store. What it does is when you tap it will easily save all of your open tabs right to a file. You won't lose them.

Mike: My tip is a book, I think, it's an important one because if you ask me to "boil down what you did to scale or like key things": number one was hiring and number two was creating systems and processes, and running my business in a systematic way. The name of the book is Traction by Gino Wickman. It's a short and easy read; and they call it EOS (Entrepreneurial Operating System). It's a simple method of running your business like a business.

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 Evaluate The Efficacy Of Your Deal Of The Week Jan 26, 2021

Show notes

Joining Mark this week are:

Scott Bossman
Mike Zaino
Teria Harris
Erik Peterson
Tate Litchfield
Scott Todd

Listen in as they go around the room and discuss ways to evaluate the effectiveness of your deal of the week. They also give advice and tips to compose a good deal of the week while sharing the approach they take to construct and manage their weekly deal of the week.

TIP OF THE WEEK

Scott Bossman: There are two tips. One is fun and one practical. The practical one is everybody is always worried about water. What’s the water table like? Your buyers are worried about water, new land investors are worried about water. I’m not so much worried about water anymore but it was one of my initial worries. There is a website you can use nwis.waterdata.usgs.gov. You can search by county and area and really zoom in and see what maybe what the water table is like in a particular area. You can see how deep a well is dug in a particular area you work in.

This is my fun tip of the week. Being that I work at home now, I have more time to read, listen to music, whatever. I would highly recommend listening to the 500 greatest albums of all time on rollingstone.com. It’s been very cool. I went through the first hundred albums last year and I’m finding some new favorites. So for those of you working at home and trying to pass the covid time, I recommend going through the list.

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?

What You Need To Know About Commercial Real Estate Lease Option Jan 21, 2021

Show notes

Peter Conti is the founder of Realty-Estate-101, an internet training program that provides straightforward step-by-step guidance for commercial real estate investors. He’s the co-author of Commercial Real Estate For Dummies and currently lives in beautiful Chesapeake Bay in Annapolis, Maryland. Peter Conti went from an auto mechanic to a self-made millionaire in 3.5 years by using his creative methods to profit from both residential and commercial real estate.

Peter’s innovative investing strategies have made it possible for thousands of people all across the world to make the transition into the exciting world of commercial real estate. He currently encourages and guides people who want to profit from real estate but who have limited time to find or manage real estate deals. He is also focusing on commercial lease options which involve acquiring commercial property using owner carry and commercial master lease terms combined with an assignment contract to create sizable up-front paydays.

Listen in as they discuss:

The commercial real estate model
Financing component of commercial real estate
The lease option method
Risk factors associated with commercial real estate

And, more!

TIP OF THE WEEK

Mark: My tip of the week is the best tip of the week, Peter has been kind and generous enough to offer us a free book. Just go to petersfreebook.com, read the book and start learning about these options and how you can profit from it.

Scott: Check out this website called Elocance. What it does is it takes your reading list, it turns whatever you want to read into a podcast like an audio version of it.

Peter: One of the skills that I teach my students and has been very helpful to me in my 30 years of investing is being able to create a connection either with brokers or property owners, to quickly create rapport. There's a book available called Instant Rapport by Michael Brooks, I believe it's still available on Amazon. Great little study guide on how to get up speed on creating rapport quickly. The other thing is, right now is an amazing time to get going investing in Real Estate whether in commercial properties or investing in land. Let's face it when you're in quarantine and you're home you got a lot of time to focus on something new. People right now are at home and available to answer emails and phone, it's easy to get hold of people. Get out there, pick a strategy or method of teacher and start taking some steps.

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

An Airforce Officer Perspective To A Successful Entrepreneur Jan 21, 2021

Show notes

Axel Meierhoefer is an experienced international coach, author, lecturer, training facilitator, and business consultant. He is a retired Air Force officer who served 22 years as an instructor and later became the executive director of ISG at Isera Group LLC, a software company in Santa Barbara, California.

Axel holds a Bachelor’s degree in Aviation and Management from Hamburg College in Germany, a Masters degree in Organizational Management from Antioch University in Santa Barbara, California, and a Ph.D. in Leadership from Antioch University in Columbus, Ohio.

Axel is the owner and managing director of a consulting company - AMC LLC, where he utilizes his decades of experience which specialize in four focus areas: Project Management, Facilitation and Teaching, Learning Design and Implementation, and Coaching. He is also the creator of Ideal Wealth Grower, an educational platform that helps people generate passive income with residential real estate investing. Today, he shares his system for achieving economic independence through the IWG platform and mentoring program.

Listen in as they discuss:

The ideal wealth grower
Changing and building wealth mindset
Speculations in real estate

And, more!

TIP OF THE WEEK

Mark: My tip of the week is going to make you wealthy, go to idealwealthgrower.com, there's a ton of information there. Start building your wealth, start changing your mindset; it's all there.

Scott: Check out the book called Your Next Five Moves: Master the Art of Business Strategy by Patrick Bet-David. The author has a YouTube channel for entrepreneurs, he walks you through the ability to gain clarity built-strategy.

Axel: My tip of the week is the book from John Soforic called The Wealthy Gardener. It gave me a huge amount of input, and anybody who's looking about how I can get my mindset, approach, and my thinking about wealth, money, and life in the right direction I would say John Soforic did a phenomenal job on writing that book. My biggest take away from that book is that “Steady Discipline is the Path to Success”.

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

Why You Need To Go To The Land Geek Bootcamp Jan 19, 2021

Show notes

Joining Mark this week are:

Scott Bossman
Erik Peterson
Mike Zaino
Teria Harris
Tate Litchfield
Scott Todd

Listen in as they go around the table and share several reasons why the Land Geek Bootcamp is the place to be on January 22nd-24th, 2021. The Land Geeks and many other like-minded people in the business will be present sharing their stories, experiences, providing advice, and more. This up-coming Bootcamp is one you can’t afford to miss.

TIP OF THE WEEK

Teria: I have several coaching clients that I have been in communication with and they're all asking about pictures of their properties and marketing like how do I market my properties if I don't have pictures, and what pictures can I use, and how expensive they are. So there is a website called unsplash.com, and this website allows you to go in and search for specific pictures: land pictures. And you can utilize these pictures for free to market your properties.

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?

Learn How To Live A Richer Life By Design Jan 14, 2021

Show notes

Jonathan Krueger is the co-founder of LionsGate Advisors and the host of Living a Richer Life by Design. Since the year 2000, he has invested in the personal finance industry and has held several executive management positions throughout his career. Jonathan takes pride in guiding his clients to make informed decisions, avoid costly mistakes, lower their taxes, increase estate size and find money falling through the cracks. Jonathan attributes his success to the high priority he places on being a good steward of the assets entrusted to his care.

As a business owner, Jonathan understands the importance of combining the concept, effort, and process of succession planning for business owners into a clear, simple strategy. He collaborates to build a business that is highly valuable and transferable through strong human, structural, customer, and social capital.

Listen in as they discuss:

Wealth management
How to live a richer lifestyle design
Knowledge transfer components
How to navigate and help people with difficult conversations
Human capital versus intellectual capital
Worst advice heard or seen given in wealth management

Jonathan also shares his perspective on what he believes success is and more.

TIP OF THE WEEK

Mark: My tip of the week is learn more about Jonathan Krueger and how he can make you even wealthier, go to lionsgateadvisors.com and check out the Podcast Living A Richer Life By Design.

Scott: Check out donut.app; go there, connect your bank account and look for a spare change and buy a bitcoin.

Jonathan: There are three things: One, most wealth is accumulated through Real Estate or Passive Real Estate; another is looking out for alternative investments with waste stage venture capital and another is an actual life insurance. Those are the ways to create wealth. Second, if you running a business, Mike Michalowicz's book The Profit First. It helps us navigate change in economic cycles. Third, David McKnight wrote a book called The Power of Zero, it's more of the IOUs that are pushed out especially that we have a country that pays for it. If you haven't read the book I highly recommended it.

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

It's A New Land Geek Coach Alert! Are You Ready? Jan 12, 2021

Show notes

Joining Mark this week are:

Scott Bossman
Erik Peterson
Tate Litchfield
Scott Todd

...and our new coach, Teria Harris!

Listen in as they go around the table and ask Teria a series of questions that prompt her to share with us her story before becoming a land investor, her reason for getting in the business, and some of her early experiences. She also shares with us the skillset that qualifies her as a good coach and what she’ll use to coach her students.

TIP OF THE WEEK

Mark: Read the book, "The Biggest Bluff" by Maria Konnikova. The metaphor that she makes for learning how to play Poker and how it translates into life is phenomenal. Poker is a beautiful analogy to life.

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?

What Are Your Goals For The New Year? Jan 05, 2021

Show notes

Joining Mark this week are:

Scott Bossman
Mike Zaino
Erik Peterson
Tate Litchfield
Scott Todd

Listen in as they go around the table and share with us a few of the goals they would like to achieve for the year 2021. From spending more time with family to cracking marketing codes, the Land Geeks have a lot in store. Tune in to hear more!

TIP OF THE WEEK

Mark: My tip of the week is, I got Ready Player 2 by Ernest Cline, the book and an audible book. The way to really absorb it because there are so many references on it is to listen to it on 1.2x speed and read it at the same time. Be totally immersed in Ready Player 2.

Erik: Check out this book on Amazon, automate the boring stuff with Python. It is a programming language, very simple to learn, it is not overly complex. This isn't like a quick-fix, this is not like a plug-in. This is like a long-term commitment, if you want to learn something that's kind of translate for a while and you want to learn computer programming, then check out Python on this book: Automate the Boring Stuff with Python by Al Sweigart.

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?

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