The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Podolsky Claims 1,000% ROI on Owner Financing and 300% on Flips
“Our average ROI is over a thousand percent on owner financing and 300% on flips.”
Podolsky Says Direct Mail Land Offer Acceptance Should Be 3% to 5%
“If it's over five percent, I know that I was off on my offers. It was too high. And if it's under three percent, I probably went a little too low in that county.”
Podolsky: Raw Land Owner Financing Is the Ultimate Subscription Business
“I think I have the ultimate subscription model in the sense that I'm buying an asset that requires no renters, no rehabs, no renovations, no rodents. But then I, what I do is I do owner financing. So it's a one-time sale and then I get recurring income every s…”
Podolsky: Raw land is exceptionally difficult to value
“Land is a very difficult thing to actually value. It's one of those last bastions of assets that it's truly what a buyer and a seller agreed to.”
Podolsky Claims His Worst Deal Across 5,000 Transactions Made $100,000
“Out of those 5000 unique transactions, my worst deal was I made a 100,000 dollars on a on a community that was overdeveloped.”
Podolsky Claims His Land Business Is 95% Automated, Requires Minimal Work
“We've got it to a point where it's 95% automated with software, too. So you've got software, you've got systems. And you know, I probably work on this business maybe an hour or two a week.”
Podolsky: Land Investing Scales Virtually Unlike House Flipping
“If you're a house flipper, you can't do that much volume. But the great thing about Land investing is that it's scalable, and you can do it virtually.”
Podolsky Flipped a 160-Acre Parcel Bought for $6,200 for $54,000
“So the last deal I did was I bought 160 acres for 6000 dollars. Now the person had back taxes of about 200 dollars. So I'm in it for 6200 dollars. And we flipped that 160 acre parcel for 54,000.”