Why "Passive Income" From Rental Properties is a Lie - Interview w/ Tom Krol

#42: Tom Krol is the Founder of Wholesaling Inc and PSL Homebuyers, and he runs one of the most popular podcasts on iTunes. (Show Notes: https://REtipster.com/42 ) 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. 📊 Manage Land Deals Like a Pro with Stride CRM Built for Land Investors! Organize leads, track deals, and close faster 🔎 Land Portal: The Data Edge Every Land Investor Needs Get the Data You Need to Find Deals & Make Smarter Land Buys 🙋🏻‍♂️ Get the REtipster Newsletter (It's FREE)! Stay updated with top real estate investing insights and strategies 🚀 Land Investor’s Action Plan (Free 5-Day Course!) Solve the 5 mistakes that keep investors stuck ⚠️ Land Buyer’s Survival Guide (Free 5-Day Course!) Avoid the 21 most deadly land-buying blunders 👉 10X Your Income from Land Investing Learn how to start and supercharge your land investing business ...