Tom Cruz buys cars the way white women buy Stanleys: often, and in every color.
He’s also got a yacht that cost $5 million and a crib that cost $20 million.
Tom provides low-income families with safe and affordable housing in nice neighborhoods by tapping into a rental assistance program called Section 8.
He’s got 715 such properties spread across four different states that house 3,400 people.
This is good for over $1 million per month in guaranteed Section 8 rental income.
Read on for Tom Cruz Section 8 reviews.
Like someone said below one of his Instagram posts, if this is true, why spend all day begging the internet to attend your “100% free” Section 8 Secrets webinar?
Maybe because he tries to sell you his $5,000 coaching program at the end.
And maybe he makes more from that than actually doing Section 8.
Still, you could probably say that about anyone who’s got a course.
The real question is whether or not the opportunity is as good as Tom claims. So let’s talk about it.
Section 8 sounds good on paper:
- Landlords receive a steady stream of rent payments, with a portion subsidized by the government, ensuring consistent cash flow.
- Demand for Section 8 housing is typically high, so there’s less vacancy.
- Longer leases means steadier income.
- Regular inspections with financial assistance available for repairs and improvements leads to happier tenants and less turnover.
- You can convince yourself you’re making a difference (even though some see this as exploiting poor people).
But it’s more Monday morning than it is Friday night:
- Dealing with complex government regulations and compliance requirements is about as fun as helping a friend move.
- Your tenants will provide enough drama for a six-season series on Netflix.
- Despite what Tom would have you believe, government agencies often get delayed sending payments.
- The properties get used and abused, and it’s your job to keep them up to snuff.
- Stigma and misconceptions about Section 8 housing can turn neighbors and local authorities into your enemies.
All that in mind, what are Tom’s Section 8 students saying?
“I bought the course and it ain’t worth $5k,” said one Reddit user.
Another guy on Reddit said his friend enrolled and told him once you’re in, it’s not even Tom replying to your questions. It’s this other dude, Colin, pretending to be Tom.
He also said Tom doesn’t give refunds, and if you charge back, he threatens to send a collection agency after you.
A different member ranted on Reddit about how Tom’s only in it for the money.
The content, he said, is basically a college PowerPoint presentation repeating what Tom says on social media.
- Buy in decent areas.
- Use other people’s money.
- And blah blah blah.
“No real value,” he wrote. “Everything could be found on a simple Google search.”
“The course is not worth $5,000,” he added. “It is worth $120.”
He concluded by saying, “Don’t waste your money. Go build a real business that provides value.”
Another student had similar complaints which he left in a thread on BiggerPockets.
“I’m embarrassed to say I paid $5k to join Tom Cruz’s Section 8 Secrets group a year or so ago,” he shared.
“I unfortunately didn’t find any value in the program,” he continued, explaining how the content was lackluster and the Discord was too chaotic to be helpful.
He felt as though he flushed his $5k down the toilet, adding that “the whole thing was very impersonal and I didn’t learn anything he doesn’t already discuss in his TikToks.”
And then there’s this:
The Assembly did an exposé on Tom, dubbing him the Prince of Poverty.
From the sounds of it, Tom’s Section 8 tenants would be better off living in a tent on Skid Row.