Mark J. Podolsky spent three years on a Western Pennsylvania subdivision deal that failed because buyers wouldn't pay the high POA fees, even with good amenities. He learned to test the market with options before big purchases. The lesson: fail fast.
Hey, it's Mark Podolski, the Land geek with the landgeek.com let's have another virtual cup of coffee together. So I want to talk about failing fast, right? In business, you're gonna have failures. It's just inevitable. I bought a subdivision in area in Western Pennsylvania and it was just a complete failure. And I worked on it for three years. What I learned from that if I'd simply tested the market first with an option instead of buying the entire subdivision and the whole community because I was so just enthralled with the low price I was getting, I would have been just fine because the market didn't want the high POA fees, even though I thought it was a beautiful community, lakes and golf courses and gated and restaurants. I thought it was great. My market didn't. And the only way I would have known that is if I had simply tested that property first before I made the big acquisition. So very, very important. Fail quickly with your marketing. If you want more tips, tricks, techniques, how to make an incredible income actively or Passively, go to www.thelandgeek.com, download the Passive Income Blueprint, get the ebook how to Avoid three Fatal Land Buying Mistakes, and of course, get the always informative and engaging Land Geek podcast delivered each week to your email inbox. This is Mark Ponolci, the Land Geek. Thanks again for having a virtual cup of coffee with me. I'll see you next time.
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