From Condo to Empire: Section 8 Real Estate Investing w/ Tom Cruz
ฝัง
- เผยแพร่เมื่อ 20 ส.ค. 2024
- Discover how Tom Cruz turned a single condo into a booming real estate empire, leveraging Section 8 to build generational wealth. In this episode of the REI Mastermind Network, host Jack Haas dives deep with Tom, exploring the accidental beginnings and strategic decisions that propelled him into the realm of successful real estate investing. From his first foray into Section 8 housing to managing a portfolio of 400 units, Tom shares valuable insights and actionable tips that can help you navigate the complex world of investment properties.
*Connect with Tom Cruz!*
Follow his journey and learn more about maximizing your real estate investment strategy by connecting with Tom on social media or by visiting section8webinar.com for a comprehensive guide to Section 8 Investing.
*Key Takeaways:*
- The unexpected pathway to becoming a real estate investor
- Insights into Section 8 housing as a lucrative investment strategy
- Navigating the challenges and rewards of building a multifamily asset portfolio
- Strategic renovations that maximize ROI
- Building and scaling an investment portfolio for long-term generational wealth
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*Get Tom's Section 8 Webinar by going to section8webinar.com*
Unlock the potential of Section 8 investments with Tom's free webinar. Dive deep into the strategies that can help turn your real estate investments into a stable, passive income stream.
*Join the Community*
Be part of a growing community of like-minded investors. Share your experiences, learn from others, and stay motivated on your journey to financial freedom through real estate.
"Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth." - Robert Kiyosaki
Whether you're a seasoned investor or just starting out, this episode is packed with insights that can help pave your way to success in the real estate market. Subscribe, like, and share to keep the knowledge flowing!
#RealEstateFinancing #RealEstateMarket #PropertyScaling #Section8Program #PassiveIncome
CHAPTERS:
0:00 - Intro
1:08 - Tom's Real Estate Beginnings
5:08 - Section 8 vs. Market Rate Tenants
7:04 - Screening for Section 8 Tenants
8:30 - Handling Section 8 Property Damage
10:09 - State Variations in Section 8
11:34 - Focus on Section 8 Properties
12:36 - Ideal Properties for Section 8
13:08 - Maximum Section 8 Rental Rates
16:52 - Unrealistic Real Estate Expectations
17:57 - Real Estate Investment Pitfalls
19:20 - Real Estate During the Pandemic
20:46 - Unasked Real Estate Questions
24:45 - Financing Real Estate Investments
26:54 - Securing Initial Property Financing
28:08 - Largest Single-Family Portfolio Acquisition
29:06 - Selling a 100-Unit Portfolio
30:13 - Single-Family vs. Multi-Family Preference
31:35 - Outro
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"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - Jack
I lived in Wilmington NC and have met Tom. Extremely smart individual. He is one of the only 100% legit people in this space. He found a niche in the game and scaled it to a big big big time level. Very awesome to see where he is now
I am trying to do portability to Oklahoma n need help
24:20 _"Before I let you go, is there any question you wish I had asked you?"_
Such a great question! And the answer was a gold nugget! I am happy you asked him that question 🙂
How many slumlords have you met out of the last ten?
Bro financial should have been the first thing you should ask about. Man what an eye opener. This guys going places.
Possibly the one best single source of S8 renting information I've come across. Thanks for doing this!
Hey bro you want tom cruz section 8 course
Thank you for all of the information. I currently have two sections 8 properties, and I am looking to add more.
Hey bro you want tom cruz section 8 course
Why don’t you just buy more, they’re not expensive to purchase
way too many people lie about people on section 8 and the program thanks for your honesty tom cruz
Section 8 housing is in crime ridden areas
@@priceandpride not ture i am a poor white american the many criminals i delt with were white middle class americans adn in white middle class towns your lies dont fool me i was 100 percent safe living in the poor neighborhoods white middle class lies dont work on me i delt with many white middle class american criminals who victimzied me caused me severe harm put me in danger tried to make me homless etc i delt with many people black spanish arabs that were law abiding citizens many white middle class americans and i delt with were criminals compared to other people in usa like i said white middle class lies dont work on me many blacks spanish and arabs treated me one thousand times better compared to many white middle class americans
@@priceandpride i lived in # white middle class towns that were very dangerous for me to live in as a poor white disabled american i moved away real fast way too many severely sick in the head and very dangerous white middleclass american criminals in the white middle class towns i had to leave i was victimized in several ways
@@priceandpride as a poor white disabled american i lived in three white middle class towns that were too dangerous for me to live in i moved out real fast years ago i was victimized adn put in danger there i can write a book on how many white middle class americans severely harmed me and many times victimized me and a few times put me in danger
@@priceandpride not true im a poor whtie american i delt with many white middle class criminals years ago i delt with many blacks who were not criminals and many spanish people who were not criminals and many arabs who were not criminals and they treated me one thousand times better white middle class lies never worked on me i know better
This guy is educated in this RealEstates game.
Tom is a super smart guy and I feel would be awesome to work with.
“It’s all the proofs”. Hahaha Tom is the man!
This was great 👌🏾
Excellent interview tons of information
Great interview! Thanks!
Great interview, thanks
Best RealEstates move on his part.
Professional true gentleman
Thank you. Great info.
Hey bro you want tom cruz section 8 course
Agree to many of the things he says except section 8 pays higher. I'm in Cali and have 9 section 8 rental units. They literally say they will never pay more than comparable rentals and ask for 1-3 comps at each renewal
Sorry. But it’s true… they are currently offering more than comp for section 8 and incentives of 7500 or more. There are two types of section 8. Contact your local housing authority and ask about landlord incentives
@@queentba721 which area are you in? I have never heard of any incentives and paying over comps.
Why don’t you just buy more units? They’re not expensive to buy
great info
Hmmm, sounds like this guy read the Section 8 Bible. Keep up the good work Tom!
Shameless plug haha
Outstanding
Hey bro you want tom cruz section 8 course
i love my apt program it pays higher rent then section 8 i live in a new apt in a new building an arab landlord rented me new stove new fridge central ac central heat everything works except me no bugs no rats no tics no bats no asbestos i been living here for 8 years im very satisfied living off the government my apt program also pays for my security money every time i move im a poor white disabled man before this for 6 years i lived in a differnt new apt building the arabs rented me teh arabs treat me one thousand times better compared to many white middle class americans i delt with years ago i never had a problem walking in the neighborhood never been victimized the arabs never harrass me they never put me in danger adn they never victimize me
If section 8 is cheap to invest in why don’t people just buy as many as they can. $2500 to $5000 down per property. Rarely no credit needed. Why doesn’t EVERYONE BUY SECTION 8? 😂
tom makes most of his money from his course
And government handouts
@@priceandpridehe owns tons of units and of course the government is gonna give handouts
Section 8 is one of my worst investments.. too much head each .
You don’t need 2500$ pdf course to learn real estate investment?
To much head? Do u have section 8 mentors ?
No thanks
"The cash flow is insane...."
Tenants and landlords sucking up my tax dollars. Very depressing.
I read some really bad reviews on his course.
Where?!
@@Gunterforeverreddit. They said the information was anything you can find on TH-cam and it was $5,000
@@Gunterforeverliterally everywhere. This dude is a known fraud lol. He charging you 5,000 to teach you nothing.
I work in actual commercial real estate, and this dude knows nothing but how to scam
?
My only problem with tom is i wish he stopped talking😂😂im scared others ruin it
Hey bro you want tom cruz section 8 course
as a poor white disabled american thanks to teh arabs i dont have white middle class american landlords renting me severe health hazard apts any more thank god
Don't rent to Section 8... not worth it in the long run.
how
National City Sec.8. Carlos Aguirre and Marta Rios not very honest people..
@@myrnagonzalez6621 what do you mean?
what happened with you?
WHAT HAPPENED WE WANT TO KNOW PAUL