042: Why “Passive Income” From Rental Properties is a Lie – Interview w/ Tom Krol

Tom Krol is the Founder of Wholesaling Inc and PSL Homebuyers, and he runs one of the most popular podcasts on iTunes.

Tom has bought and sold hundreds of properties across the country and has taught a lot of aspiring real estate investors how to do the same.

Tom and I recently got acquainted over the phone, and he was telling me he had come to the conclusion that “passive income” from rental properties is a total farce. He thought there was a much more effective way to build real passive income, and it involves wholesaling houses with a unique approach of selling off properties with seller financing.

There are a ton of advantages that enter the picture when you work this way (which we’ll cover in a lot more detail in this interview), and I was struck by how many similarities there were between his approach and the approach of buying land at a super cheap price and selling it with seller financing.

This is one of those strategies I’ve heard about from a number of people, so I’m really excited to dig into the details of how Tom has put this into practice. Hopefully, you’ll walk away with some ideas you can apply in your own business.

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