Despite the recent run-up in prices across virtually real estate asset class type, Mark Podolsky, our guest today, has been able to identify, source, and close hundreds of purchases which are less than 65% below market value.
How?
By investing in one of the most fragmented asset types in real estate: raw land. You will be surprised at how simple yet lucrative Mark’s business has been over the last 18 years.
In this episode, we are going to discuss…
– Establishing a market value, given that there isn’t a well-known database for land purchases
– How to conduct due diligence in raw land without setting foot on the plot yourself
– How our guest structures deals so that he can get cashed out in less than 12 months and still have passive cash flow
– What happens to raw land when recessions take place, given that the majority of these purchases seem to be for recreational “use” rather than development?
Find our more about our guest:
www.thelandgeek.com/
support@thelandgeek.com
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