In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:
- Jeannie Morem
- Erik Peterson
- Tate Litchfield
- Mike Zaino
- Scott Todd
We start this week off critiquing Scott Bossman and Mike Zaino’s new live show in the Mastermind Group, Nite Cap—a casual get together with drinks of choice to talk land with the community and with each other. Everyone agrees it’s the perfect balance between value and fun!
Then Erik shares an interesting situation, one that no one has run across yet. He received a Chapter 7 notice in the mail about someone who is buying property from him. The letter states that they are putting a stay on collecting any debts. What does that mean for Erik? Does it even apply to this business since we’re not creditors? Or does it mean that since it’s wrapped up in BK court, Erik can’t take the property away from him if he quits paying? Everyone weighs in.
Next, Tate shares the story of The Sic Flip! This week he was on a coaching call with a student when that student and his partner received an 11k wire transfer for a property they were buying under contract for 1k.
That opened up the discussion: How did they make this happen?
It comes down to the county research.
- Know ahead of time where you’re buying and what people want
- They figured out what properties were going for on the high-end and who was buying them
- They contacted their mailing list VIPs who may be interested, via phone
Listen in as we delve deep into the details and county research. Plus, what does it take to move past the FREEZE when you’re unsure of what you’re doing and you’re afraid to execute? Find out now…
TIP OF THE WEEK
Mike: “Eat your drink and drink your food.” You just have to attack the difficult parts of our business. Shoot first; aim later. And then there are smaller pieces that we overlook and take for granted but maybe that requires more in-depth analysis. Done is better than perfect. Just take action.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?