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The Art of Passive Income

From Unhappy CPA To Successful Real Estate Investor

The Art of Passive Income

Mark Podolsky

Howtobecomearealestateinvestor, Taxlieninvesting, How To, Entrepreneurship, Bestwaytostartinvestinginrealestate, Education, Passiveincome, Bestwaytoinvestinrealestate, Taxlienproperties, Taxliensales, Howtomakemoneyinrealestate, Taxlienpropertiesforsale, Passiverealestateincome, Makingmoneyfromrealestate, Bestrealestateinvestments, Howtobuytaxlienproperties, Business, Realestate, Propertytaxliens, Startingarealestatebusiness, Investing

5 • 681 Ratings

🗓️ 14 February 2019

⏱️ 30 minutes

🧾️ Download transcript

Summary

They say when one door closes on you another door opens, as was the case for today’s guest. Tom Cafarella found himself working at a job he hated. One that he studied for in college and was expected to earn a good living at… your typical go to college, get a good education and then on to a 9-5 job to make a good living, traditional kind of case. But Tom’s heart wasn’t in it as he found himself spending more time researching real estate investing online and watching the clock than he did working, which resulted in him losing his job. Listen in to today’s episode of The Art of Passive Income, as Mark and Scott talk with Tom Cafarella—TomCafarella.com. An entrepreneur at heart, Tom decided to follow in his Grandfather’s footsteps in real estate after losing his job. He has since accumulated over 300 rental units and has a 200 person real estate agency. But most importantly, Tom is now doing what he loves! Tom shares how he went from corporate America to working his way up the path of real estate investing landing in the multi-family niche like his Grandfather. Find out: How he raised capital through wholesaling The timeframe to buy his first multi-family The multiple ways to gain net worth The obstacles and more! And, like in land, the guys reiterate how deal flow is everything! Tom also offers great advice for young adults who are ready to head off to college. If you find yourself working in a 9-5 where you feel like a misfit and spend more time watching the clock rather than working, then listen in to this episode... it may inspire you to open some new doors. TIP OF THE WEEK Mark: Learn more about Tom at TomCafarella.com. Scott: Check out the book, Crushing it in Apartments and Commercial Real Estate by Bryan Murray. Tom: Read the books, Rich Dad Poor Dad by Robert T. Kiyosaki and The 4-Hour Workweek by Timothy Ferriss. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Transcript

Click on a timestamp to play from that location

0:00.0

Do you have solo economic dependency?

0:03.2

That is, if you aren't working, you aren't making money.

0:06.6

The art of passive income podcast is the solution.

0:10.3

Discover passive income models so you can enjoy life on your own terms.

0:15.2

Let freedom ring.

0:17.5

Hey, it's Mark Podolsky, The Land Geek, with your favorite niche real estate website,

0:21.3

www.w, www.com.

0:25.0

And today's guest is, as you can see on the, well, probably you can't see it on Zoom,

0:33.5

but Scott and I can see it.

0:35.1

Because real estate investing is easy, which we're going to talk about.

0:38.2

But before we talk to our guests, I'd be remiss if I didn't properly introduce my co-host,

0:44.2

Six Sigma, the man, myth.

0:49.6

How many deals last year, Scott?

0:53.5

238 deals last year.

0:56.0

238 deal legend, Scott Todd from Scott Todd.net, landmodo.com.

1:03.8

And most importantly, if not automating your Craigslist and your Facebook postings,

1:08.4

postingdomination.com, for slash the Landkigues. Scott, how are.com for slash the land gig.

1:11.6

Scott, how are you?

1:12.6

Mark, I'm great.

1:13.6

How are you?

1:14.6

I'm good.

1:15.6

I'm good.

...

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