Light that spark fire nation, JLD here and welcome to entrepreneurs on fire brought to you by the HubSpot podcast network with great shows like my first million.

Today we'll be breaking down how Tom Cruise that's CRUZ not the Tom Cruise crazy couch jumping guy built a 25 million dollar section a portfolio in less than eight years to drop these value bombs.

We have brought Tom Cruise in the EO fire studios he is a 33 year old real estate investor that grew his section a portfolio from zero units to 390 in less than eight years and he's now generating $400,000 a month.

And so we have brought some positive income some key topics that we chat about here today are his path from 1 to 10 so you can really start to understand how you can get going and something like this.

How he was able to put down as little as 5 to 10% on his initial rentals and he works less than 5 hours a week how he accomplishes that and so much more when we get back from thinking hours sponsors.

And so to us help thousands of entrepreneurs increase profitability by an average of a 104% annually all for less money than would cost a higher one minimum wage employee all on a month and month basis schedule your free consultation today with clay Clark a former SBA entrepreneur of the year at thrive time show dot com slash fire.

And so we have brought some positive income from the EO fire studios and so much more than would cost a higher one minimum wage employee all on a month basis schedule your free consultation and month basis schedule your free consultation.

Tom say what's up to fire nation and sure something that you believe about becoming successful that most people disagree with.

What's up fire nation yeah the most obvious thing that I could think of when I was asked this and putting that together is I think it comes back to passion I think there's that platitude and cliche where everyone says you have to follow your passion in order to be successful and I don't think that's true I think passions are great for hobbies and passions can also overlap with success but I think the key success is providing value and I found that providing value through real estate and a basic need.

Is the way that you know I found that success.

For example I'm also very passionate about paintball I've been playing paintball since high school but there's no future you know professional paintball or any type of income or success from from that so I keep it as a hobby but I would say that's a pretty big.

Con misconception about success that I found well let's be honest maybe there's no way to earn revenue yet but hey in this new metaverse I mean who knows what's going to be happening as far as.

Atlas star Atlas and axi infinity and everything is going on in this world I mean you know all of these parents are yelling at their kids were playing video games now all these kids are making ten times more than their parents were ever making I mean it's a crazy world we live and so you never know but I mean let's be honest as I mentioned

fire nation in the intro Tom is generating $400,000 a month in passive income and we're talking less than five hours per week of work which will get to it the end here but I want to talk about your beginnings right now your beginnings in real estate because a lot of people

are nation like well this to be cool you know I talked about what you've done in the introduction but you know you're already at 390 units and probably much more right now and that's a high huge number so let's talk about your path from one to 10 what does that look

like I think it's down started very normal about my first house I got the Obama tax credit I got I did an FHA loan which is the first time home by our loan I put you know 3% down on that property it was a condo

that kind of got me started on the path of real estate and homeownership it was you know very humble beginnings of this like a hundred twenty thousand dollar condo here in Wilmington North Carolina I live there for a little under a year I decided to buy a dog so I needed a bigger house in yard and they didn't allow

double minz in that condo so I try to sell that condo and come to find out that I was upside down you know 2008 was not count kind to the real estate market I only had very little

equity in it so I put their little down payment so I was forced to rent it and that's kind of where I had that aha moment I posted a not on Craigslist and I mean an hour later it was pretty much

rented I had a hundred you know people at responding to the ad I just threw it up there $500 was the rent over the over my mortgage so I think my mortgage is 600 and I

put it up at 1100 and it rented very quickly and at that point I was doing you know marketing I was doing web design and SEO and I was killing myself for $500 a month you know with a client and here I am passively making $500

a month off this condo rental for doing nothing except signing a lease with this tenant so from that point on I started getting into real estate wholesaling I knew that I couldn't continue to put you know 20% down on every property which is kind of the you

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