Putting land Investments to the test

[Mike Alder]

What's up BP Fam,

Last night I had the opportunity to interview the land geeks Mark Podolsky. If you are not familiar with Mark, he buys and sells land on financing terms describing it as "the best passive income model there is!"

This certainly sparked my interest and I already own land in Florida that I purchased for next to nothing after the market crashed so I figured I'd put this to the test. I plan on sending out 1500 direct mail letters (100 going out this morning) to Florida land investors to test this strategy. If the results are good I'll diversify into this, if the results are lousy then it is still something I can blog about. Either way I'll share my results here!

Please share your thoughts or experiences with this!

[Jay Hinrichs]

@Mike Alder  good luck I grew up in the business.. must watch movie for any land man is Glenn Garry Glen ross... you will see how all these lots you want to buy were created in the first place.

land game dates back to just after the turn of the century  ( not 2000) when promoters went through the US creating mega subdivisions prior to any state or federal land development rules.. so you have all these old tracks and the parcels have been traded for 100 plus years.. lost at tax sale bought by someone like you or my dad.. resold on terms  those folks default or lose to tax's and the cycle repeats.

Florida created massive subdivisions to attract residence's since no one wanted to live in swamps and such.. think Le High and Coral Gables..   Its a fun game.. though no one needs a guru to help them with this  LOL...