Section 8 Voucher Redemption

[Natan Gutt]

Hi,

I am looking to start investing in section 8. I have a few long term rentals in Minneapolis and looking to find the right city to start in. I was getting locked in to start in Cleveland when the agent I was working there said that you can never redeem the full amount of the voucher because it’s always higher then fair market value of the rent.

For example. 3b 1bth house voucher is roughly $1,550, but the rents get no where near that much apparently and cap at around $1,300.

Is there a city that people do section 8 in that has houses for 100k close to turn key and also are high enough rents to match the voucher and take full advantage of that amount?

Thank you ahead of time for your help