A short, informal YouTube talk by Mark J. Podolsky (the Land Geek) about how people avoid the feeling of risk—especially when considering investing in raw land. Mark argues that risk is omnipresent, recommends managing rather than avoiding it, and cites his personal record (since 2001, 5,000+ deals with no losses) to reassure prospective investors. He closes with a CTA to his website and free resources (Passive Income Blueprint ebook, podcast).
Chapters
Hey, it's Mark Podolski, the land geek. Let's have another virtual cup of coffee together. So I just went to my doctor and been itching and I have these rashes and the doctor said no sugar for seven days and no dairy for seven days. So excuse me if I'm cranky, but that's what's going on with me. Okay, so let's talk about risk and the feeling of risk. So a lot of times I get a question from prospective coaching students about the investors toolkit or buying and flipping land. And they want to know, how risky is this business? And I don't know how to answer it because, yeah, I mean, anytime you invest money into something, you're sort of taking this leap of faith that that asset that you're acquiring and investing in that based on my program, you're going to be able to flip and make money at. So how do we sort of mitigate this risk? Right, you need to talk to other people who have done it successfully. You want to see proof that I've done it successfully. And we have all that. And even with all that proof, people still are scared about taking the risk. So I want you to think to yourself, okay, what in my life am I avoiding? Because I'm avoiding the feeling of risk. Because let's face it, risk is every day, every time you leave your house, you're taking a risk. You get hit by a car. There's risk in everything we do. It's just a matter of managing it right. So I want you to think to yourself, okay, what am I avoiding? Because I don't want to have that feeling of risk. And is it helping me? Is it hurting me? Am I really protecting myself or am I limiting myself? So it's just something to think about. I don't have a good answer for it, but I can tell you that for me personally, I do take risk every single day. Not just in living, but in my business, with every acquisition. Every time I sell, I do have that feeling, oh my gosh, am I going to lose money. But I can tell you since 2001 that I've been doing this out of 5,000 plus deals. I've never lost money on one deal because in real estate, we make our money on the buy and not on the sell. And I teach you how to buy the property, literally pennies on the dollar. If you want more tips, tricks and techniques on how to make money buying and selling raw land actively or Passively, go to www.thelandgeek.com Download for free. The Passive Income Blueprint. Get the ebook how to Avoid the Three Fatal Land Buying Mistakes and get the podcast delivered each week to your inbox. This is Mark Podolski, the Land Geek. Thanks for having a virtual cup of coffee with me. I'll see you next time.
