Entrepreneurs on Fire
How to Build a $25m Section 8 Portfolio in Less Than 8 Years with Tom Cruz: An EOFire Classic from 2021
Mar 1, 2025
Tom Cruz, a savvy real estate investor, shares his journey of building a $25 million Section 8 portfolio in under eight years. He emphasizes the importance of providing value and strategic delegation. Tom discusses leveraging a team and advanced software to streamline operations, allowing for more efficient management of over 390 units. He also reveals insights on cash flow opportunities within Section 8 housing, helping others see the potential for high rental income from affordable properties.
23:23
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Quick takeaways
- Providing value is essential for business success, as it creates financial opportunities rather than merely following one's passion.
- Efficient real estate management through delegation and technology can drastically reduce time spent, allowing focus on growth and strategic decisions.
Deep dives
The Importance of Providing Value
Success in business is rooted in the principle of providing value rather than merely following passion, according to insights shared in the discussion. The speaker emphasizes that while passions can enrich hobbies, they do not necessarily translate into profitable ventures. For example, engaging in paintball as a hobby lacks potential for income, contrasting sharply with real estate, which fulfills a fundamental need. This perspective underlines the necessity for entrepreneurs to focus on activities that deliver value to others, thereby creating opportunities for true financial success.
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