Mark J. Podolsky says start buying land in your own area where you know the streets, growth patterns, and local attorneys. You'll have an edge over out-of-state investors. Once you build experience locally, expand elsewhere.
8004-2837-6080-0428-3760.
Hi, it's Mark Podolsky, the Land Geek. And the last few videos we've been talking about avoiding fatal mistakes when buying land online or offline. So I want to switch gears now and let's get ready for your first acquisition. Where do you start? A lot of people, when they get going and doing anything, it's just like, well, how do I start? And first thing I want you to do is look in your own backyard. I know it's become a cliche, but buy what you know and you know. If you live in Texas, don't start your research in California. Look first in your own neighborhood. You know the busy streets and you know the good corners. You intuitively know the path of growth. Relationships are already in place even if you aren't aware of them. And inevitably you'll discover that you know someone who can help you achieve your land goals. When you start investing in your own backyard, you'll also know the key players in your own town. You'll know the key real estate attorneys, the title companies, and if you don't know the key players, most likely you know someone that does. So the benefits of investing in your own neighborhood, despite maybe better investing opportunities out of state or somewhere you're not as familiar with, you know, don't really apply here because then you're going to start competing with the local pros and you'll get beaten every single time. I've done this for 11 years now, so I'm buying all over the country. But when I first started, I started in Arizona and I got my template down, I got a few deals under my belt, how everything worked, and now I can apply that same model to other states. But when you first start, start in your own neighborhood. You know, I think of Warren Buffet when I think of investing. And Warren Buffett never buys a company or a stock that he doesn't understand. And the guy's best friends with Bill Gates, but he's never put a dive into Microsoft simply because he doesn't understand the technology. And that same principle applies to raw land. So you're the local expert even in your area, even if you don't know it. If you want to learn more about how to create land notes for passive income, how to make money buying and flipping property for profit, talk to me about the Land Geeks elite coaching program. It's a free 15 minute consultation. 8004-2837-6080-0428-3760. And I look forward to hearing from.
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