Section 8 Real Estate with Tom Cruz
Tom Cruz is originally from Brazil, and he’s in North Carolina these days. Tom has 9 years of experience acquiring properties optimized for the Section 8 program, secured over $25,000,000 in commercial & creative financing, built highly efficient property management teams, and aggressively scaled his Section 8 portfolio in less than a decade, and he’s built an efficient property management team to aggressively scale this portfolio. Tom Cruz acquired over 400 rental properties in North Carolina, South Carolina, Tennessee and Ohio.
Watch the episode here:
Section 8 Real Estate with Tom Cruz
Brett:
I’m excited about our next guest. He’s originally from Brazil, and he’s in North Carolina these days, and he’s a specialist in all things Section 8 Investing in real estate, and he’s acquired over 400 rental properties in North Carolina, South Carolina, Tennessee and Ohio, and he spent over nine years acquiring these properties through the Section 8 Program, and he secured over $25 Million in commercial and creative and creative financing deals, and he’s built an efficient property management team to aggressively scale this portfolio. He’s a coach, and he’s a real estate expert, please welcome to the show with me, Tom Cruz. Tom, how are you doing?
Tom:
Good, man. Thank you for having me on the show.
Brett:
For our listeners get to know you for the first time. Would you give us a little bit more about your story and your current focus?
Tom:
I’m originally from Rio de Janeiro in Brazil, I grew up in North Carolina, and I went to the University of North Carolina at Wilmington, graduated I started real estate by doing wholesaling. Got into wholesaling pretty early on use that to generate essentially capital to be able to start buying condos and eventually getting into single-family rentals on Section 8.
Brett:
Fantastic and take us back to the days earlier maybe in high school days. I believe we’ve all been given certain gifts or people’s strengths and superpowers, and I believe these gifts should be given to us to be a blessing and help to others. I’m curious, what are those one or two gifts that you believe you were given? How does that help you help and bless people today?
Tom:
I would say, I definitely got kind of the entrepreneurial bug from my parents, the stubbornness, the persistence, and also the creativity, which is required to be able to make it work, and I carry that on through, building the portfolio, I just never took no for an answer, never looked at any problem that couldn’t be overcome, didn’t have enough money, that’s fine. figure out another way around it. Lenders didn’t want to work with it. No problem. Let’s find another lender. It didn’t appraise tenant issues, property managers issues, there are always a million issues that come up when you’re dealing with real estate, and you have to quickly become a problem solver, or you will not last very long.
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