Tom Cruz 1.15.25 8PM WEBINAR

 

Section 8 after trying fix and flip, brrr and airbnbs

first deal 55k. 1300 rent. powerwashing and carpet cleaning. 

who this is for?


COVID- SECTION 8.


NOT PAYING MORTAGE DOESNT HAPPEN WITH SECTION 8


testimonial

25 years old. 95 seller. 5 hard cash money.


SECRET 1;

BUY section 8 rentals with 2500 down and no credit/ bad credit


secret 2


buy mini porfolios


secret 3


sectino 8 deal finding software. 1 year old. opened it up to the public. shows you the best properties.


how to buy your next property in the next 30 days.


STEP 1- CHOOSING BEST MARKETS

-fair rents

-average home prices

-average condition of the properties

-midwest and south east are good areas


STEP 2- IDENTIFYING BEST RENTAL UNITS

dont buy in high crime areas

property size (dont buy too big, more details in the course)

STEP 3- 20% DOWN IS NOT REQUIRED

seller financing, sub2financing, and refinancing your properties to pull equity out and buy more properties


seller financing 101

-community bank, credit unions,


-have to give them the right terms


DOWN PAYMENT: 2K TO 4K


-NO BANKS INVOLVED SINCE MAKING MONTHLY PAYMENTS TO THE SELLER

STILL CLOSE THE PROPERTY WITH AN ATTORNEY


BUYING. mini portfolio


-Don't buy all form 1 owner


-Make offer on 10-15 individual properties that are in good condition. whatever offers are accepted,

bundle them all into a commercial loan or hard money and close at the same time.


You just created a mini portfolio of individually selected high quality properties that will 

cashflow for years to come.


secion 8 

achieving financial independence is simply a function of receiving more passive income every month

than your fixed expenses.


2) tenants stay much longer! we dont rent to criminal backgrounds. 

3) passive in nature. pass annual inspection. they call property manager, they call the handy man, every one is happy. 


HOW TO MAKE IT PASSIVE

-Property Management company. 10% of the rent.

- The software will provide you with a property management company. We have a referral network. 


-bad landlord laws NY, Masachussets


NOT A GET RICH QUICK SCHEME. IT TOOK ME 8 YEARS TO GET HERE.


BUT IT IS A GET RICH FOR SURE IF YOU STICK WITH IT.


9K TOTAL, 24 PYMTS OF 299 A MONTH.  CHEAPER THAN THE CYBER SECURITY SCHOOL







Comments

Post a Comment

Popular posts from this blog

Compromising

Image
Who am I? Who are you? Are you pretending, just like I am too? Then there is a pair of us, don't tell!!! Then they will know, then they will see... Just like Adam saw Eve and they hid because they saw that they were naked and were ashamed.   So why are we ashamed? To be who we are? Why do we settle? To please others at the compromise of ourselves. Why, oh why, does this tale go this way? Like Don Quijote, I've been searching for  adventures,  but no worries hasn't taken me 700  pages to get to it.  I am still walking through this  life and today I   made a choice:  I will not  compromise, just like my  roomate Faith would  say  'Never settle for  less.'  Because when you settle  oh boy, t he good  thing you were waiting for, now  you won't get it.   But when you refuse to settle  you  are walking  along this road  and then one day  ...
Read more

Hooking Up

When I was in college, there was something called 'hooking up.'  I'm not sure if people still use the term now, but back then it was an inconspicuous term. It could mean anything. When you asked your roommate, 'so what happened between you and the guy last night?'  And she would reply 'We hooked up.' It could mean anything from first base all the way up to home run.  It could mean a kiss, it could mean that they did it raw. Who knows?  You would have to ask a series of  follow-up questions to get to the bottom of what happened. I find it interesting in today's day and age the way women and men treat each other. Seems like no one wants responsibility. Where are the good men that stay until the morning and call the next day?  Where are the good women that can cook and keep a house? Does anyone know what do to after the hook up? It seems to me like our culture and hip-hop songs glamorize the temporary pleasures of sex without menti...
Read more

New Girl

Image
I remember watching this show, and then reading a commentary.  The commentary said, seriously never move in with guys on an  apartment ad you found on craigslist.  How insane is that?  I thought. I would never do that! Then I got lawyered (How I Met  Your Mother reference). The situation of me having to get out of  the house by the 1st has me on a scavenger hunt for an apartment  in New Brunswick. Right now what's available (and that I can  afford)  is the place I saw yesterday with 2 guys (how desperate  am I that I  answered the ad?)  Location wise, it's cool. A  walk from Easton Ave and the train station but far enough that it's  still boom-docky).  It's like suburban except it's 15 minutes away  from the city, not half an hour.  So yeah $450 rent, utilities average  $15 to $20 a month. Doable for ...
Read more