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
27 авг 2024
