Thomas Naoum is an ambitious individual who has ventured from day-trading to become a real estate mogul. He is the founder of Freedom for Life LLC, a company that owns and manages over 54 single-family Section 8 rental properties across two states. Naoum’s journey from day-trading to real estate mogul is a story of determination, hard work, and resilience.
Thomas Naoum is an inspiration to many who aspire to be successful entrepreneurs. His journey from day-trading to real estate mogul has been nothing short of extraordinary. According to a recent report by the National Multifamily Housing Council, rental housing has grown significantly over the past decade, with over 40 million Americans living in rental housing. As such, the story of Thomas Naoum is one that resonates with many Americans who are keen on owning rental properties. In this article, we will delve into the journey of Thomas Naoum from day-trading to real estate mogul.
From Day-Trading to Real Estate Mogul: The Ambitious Journey of Thomas Naoum
- Early Entrepreneurial Ventures
Naoum’s journey started at a young age when he began several small businesses. He was always an ambitious person and wanted to become successful. While in high school, he started day-trading, pressure washing, and flipping shoes. Naoum had a real estate background, which made him want to branch into it. At the age of 17, he bought his first property and completed a BRRR to put it on section 8 to mitigate his day trading tax liability.
- Initial Struggles
Naoum’s journey into Section 8 wasn’t easy initially. He made small mistakes along the way, leading to losses of up to $70,000 in his first year. He decided to attend all the board meetings to make a systemized business model that can scale without him having to be directly involved. Naoum’s ultimate goal was to scale without having to be directly involved in the business. Currently, he owns rentals in two states that he doesn’t even live in.
Over the last two years, Naoum has helped over 50 entrepreneurs get started with Section 8, resulting in significant passive income. His company, Freedom for Life LLC, owns and manages over 54 single-family Section 8 rental properties across two states. Naoum has been able to scale to 55 Section 8 rentals using various routes of financing, including owner financing, subject-to financing, and his private money lenders.
- Recession-Proof Blueprint
During the COVID-19 pandemic in 2020, landlords were not receiving payments, but Naoum was still receiving rent payments via Section 8. He founded Recession-Proof Blueprints to help people navigate Section 8 and generate substantial passive income. Naoum has found that within Section 8, the biggest reason people don’t take action is simply because of the discrepancies that surround it. He has found a formula and a system that works, making everything function as a passive cash-flowing business.
The journey of Thomas Naoum from day-trading to real estate mogul is an inspiration to many entrepreneurs. His resilience and determination have enabled him to scale his business to where it is today. Naoum has helped many entrepreneurs navigate Section 8 and generate substantial passive income. His company, Freedom for Life LLC, owns and manages over 54 single-family Section 8 rental properties across two states. Naoum’s story is a testament to the fact that with hard work, determination, and resilience, anyone can achieve success.