Land Geek Pro Tips—Shedding Light On Bad Advice

We see and hear a lot of misconceptions about the land business, especially when it comes to giving advice to those who are just starting out, but what is some of the worst advice we have seen? Listen in as Mimi Schmidt takes over the helm and leads the team this week into a discussion that will shed some light on some of the worst advice they have seen given. Joining Mimi are: Erik Peterson Mike Zaino Scott Bossman So what is some of the worst advice we have seen? You need a website to get started Parcels have to be a minimum of 10 acres Plus, advice that you give to yourself—You've seen the success of others, but you just want to try it on your own first for your own proof of concept. Find out why the team says this is all bad advice and what you need to be considering instead. Scott also mentions a couple other things that really makes him cringe. Setting up land "buying" websites In order to find a good area, mail to one area in large volumes over an extended period of time Track your response rate. If you're getting a 5% response rate and you're able to buy one percent, one for every 100, your pricing is good and adjust otherwise.You can learn if an area is good after a month of mailings at 20 a day. Then you're not investing thousands of dollars to learn about that one county. -Mimi Don't Be Afraid to Come to Bootcamp - There is No Wrong Time Another misconception that Scott often hears surrounds Bootcamp and the investor level you need to be at before attending. Bootcamp is for everybody at any level of the business. From complete newbie to seasoned pro, you will always walk away with something new for your business. Bootcamp gives you what you need, when you need it. Bottom line—There is a lot of great advice out there also, but we want to make sure you're starting your land investing journey out on the right foot by taking advice from someone who has been doing the business for a long time. This model is easy if you follow the recipe. Don't try to complicate it by following bad advice, it may set you up for a lot of frustration and frustration can lead to burnout. TIP OF THE WEEK Mimi: Check out the Netxflix documentary, Inside Bill's Brain: Decoding Bill Gates . QUOTE OF THE WEEK Mike: It's not enough to be busy, the question is, what are we busy about? by Henry David Thoreau. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

You can listen to Land Geek Pro Tips—Shedding Light On Bad Advice online on Radio and Podcast. Open the player on this page to stream the available audio.

Land Geek Pro Tips—Shedding Light On Bad Advice is an episode from The Art of Passive Income Podcast by Mark Podolsky.

This episode is 22:05 long.

This episode was published on Oct 1, 2019.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from The Art of Passive Income Podcast when more episodes are available from the podcast feed.