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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About the author

Seth Williams is a land investor with hundreds of closed transactions and nearly a decade of experience in the commercial real estate banking industry. He is also the Founder of REtipster.com - a real estate investing blog that offers real-world guidance for part-time real estate investors.

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  1. Britton says:

    Wow! Tom in my opinion is the most energetic person you’ve hosted on a podcast thus far! Love his energy! Love the ringing of the bell and the clapping. Awesome! I also enjoyed his philosophical approach to life and investing. What he said makes total sense. He had great mentors and loved learning from this podcast. Also had some great tips for listing to direct mail from. Good stuff!

    1. Totally – Tom was a really fun guy to talk to, and entertaining to listen to as well. I’m glad you enjoyed it Britton!

  2. Landman951 says:

    Awesome information. You can hear the joy in Tom Krol’s voice when he talks about real estate. How does one go about getting a mentor like Tom?

    1. That’s very true. The guy’s energy is infectious (in a good way, of course). He was a great guy to have on the podcast.

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