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User Stats

10
Posts
24
Votes
Nicholas Nakamura
  • Chino, CA
24
Votes |
10
Posts

Investing in Ohio-Specifically Section 8

Nicholas Nakamura
  • Chino, CA
Posted

Hello everyone!

New here to the forum and I am currently looking to invest in Ohio for the purpose of providing section 8 housing.  I have about 1

$110K to invest, and I am looking to invest in the next few months.  Any and all guidance is greatly appreciated.  Thank you!  Looking forward to the journey ahead....

User Stats

677
Posts
248
Votes
Linda Labbe
Pro Member
  • Investor
  • North Bay, Ontario
248
Votes |
677
Posts
Linda Labbe
Pro Member
  • Investor
  • North Bay, Ontario
Replied

Hi Nicholas we invest in Toledo and have a great team on the ground there that we share would be delighted to assist you if you want to chat

User Stats

10
Posts
24
Votes
Nicholas Nakamura
  • Chino, CA
24
Votes |
10
Posts
Nicholas Nakamura
  • Chino, CA
Replied

Hi Linda,

I will be reaching out to you soon for some insight.  Thank you!

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User Stats

168
Posts
267
Votes
Kerlous Tadres
Pro Member
#3 Out of State Investing Contributor
  • Realtor
  • Columbus, OH
267
Votes |
168
Posts
Kerlous Tadres
Pro Member
#3 Out of State Investing Contributor
  • Realtor
  • Columbus, OH
Replied
Quote from @Nicholas Nakamura:

Hello everyone!

New here to the forum and I am currently looking to invest in Ohio for the purpose of providing section 8 housing.  I have about 1

$110K to invest, and I am looking to invest in the next few months.  Any and all guidance is greatly appreciated.  Thank you!  Looking forward to the journey ahead....


Hey Nicholas, 

I currently have 4 doors here in Columbus! I would love to help you get some referrals to help you set up your CORE 4 to get you a solid team to get going!

User Stats

990
Posts
1,306
Votes
Samuel Diouf
Agent
Pro Member
#1 Real Estate Deal Analysis & Advice Contributor
  • Real Estate Agent
  • Columbus, OH
1,306
Votes |
990
Posts
Samuel Diouf
Agent
Pro Member
#1 Real Estate Deal Analysis & Advice Contributor
  • Real Estate Agent
  • Columbus, OH
Replied

Hey Nicholas,

There are some great section-8 opportunities here in Columbus. The city is also growing a ton. There are multiple billion dollar companies dumping money into the city, such as Intel, Google, and Amazon.

I'd be happy to share some areas where you'll see the most cash-flow.

User Stats

5,325
Posts
6,218
Votes
Remington Lyman
Agent
#1 Real Estate Events & Meetups Contributor
  • Real Estate Agent
  • Columbus, OH
6,218
Votes |
5,325
Posts
Remington Lyman
Agent
#1 Real Estate Events & Meetups Contributor
  • Real Estate Agent
  • Columbus, OH
Replied
Quote from @Nicholas Nakamura:

Hello everyone!

New here to the forum and I am currently looking to invest in Ohio for the purpose of providing section 8 housing.  I have about 1

$110K to invest, and I am looking to invest in the next few months.  Any and all guidance is greatly appreciated.  Thank you!  Looking forward to the journey ahead....


 Welcome to BP! I recommend you research the local section 8 program.  There are landlord courses you can take to become more educated on section 8

User Stats

487
Posts
670
Votes
Anthony L Amos Jr
Agent
  • Real Estate Agent
  • Columbus, OH
670
Votes |
487
Posts
Anthony L Amos Jr
Agent
  • Real Estate Agent
  • Columbus, OH
Replied
Quote from @Nicholas Nakamura:

Hello everyone!

New here to the forum and I am currently looking to invest in Ohio for the purpose of providing section 8 housing.  I have about 1

$110K to invest, and I am looking to invest in the next few months.  Any and all guidance is greatly appreciated.  Thank you!  Looking forward to the journey ahead....


 Toledo, Cleveland, and Dayton would get you a nice turnkey property at that price point

User Stats

415
Posts
410
Votes
Tanner Lewis
Pro Member
  • Lender
  • Austin, TX
410
Votes |
415
Posts
Tanner Lewis
Pro Member
  • Lender
  • Austin, TX
Replied

I am a big fan of small multifamily deals in this market. 2-4 units to maximize cash flow. 

User Stats

849
Posts
825
Votes
Simon Ashbaugh
  • Realtor
  • Columbus Ohio, Cleveland Ohio
825
Votes |
849
Posts
Simon Ashbaugh
  • Realtor
  • Columbus Ohio, Cleveland Ohio
Replied
Quote from @Nicholas Nakamura:

Hello everyone!

New here to the forum and I am currently looking to invest in Ohio for the purpose of providing section 8 housing.  I have about 1

$110K to invest, and I am looking to invest in the next few months.  Any and all guidance is greatly appreciated.  Thank you!  Looking forward to the journey ahead....


Cleveland will be a suitable market for your Section 8 investment. Check out areas like Old Brooklyn, Brooklyn Centre, Cudell, Jefferson and West Boulevard. 

User Stats

76
Posts
23
Votes
Replied

Also look for a reputable PM that specialized in sec8 program in cleveland the market as well, not every PM work with this program. I would love to connect to one if anyone can suggest any. 

User Stats

3,990
Posts
2,124
Votes
Wale Lawal
Agent
#3 New Member Introductions Contributor
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
2,124
Votes |
3,990
Posts
Wale Lawal
Agent
#3 New Member Introductions Contributor
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
Replied

@Nicholas Nakamura

Welcome to BP!

To invest in Section 8 housing, look at areas such as Cleveland, Columbus, Cincinnati, and Dayton, choose safe neighborhoods, study Section 8 standards, analyze property types, and explore financing choices. Network with local investors, undertake extensive due diligence, and develop a clear exit strategy. Starting out in Section 8 housing may be a rewarding experience both financially and socially.

Good luck!

User Stats

1,439
Posts
1,226
Votes
Jimmy Lieu
Agent
  • Real Estate Agent
  • Columbus, OH
1,226
Votes |
1,439
Posts
Jimmy Lieu
Agent
  • Real Estate Agent
  • Columbus, OH
Replied
Quote from @Nicholas Nakamura:

Hello everyone!

New here to the forum and I am currently looking to invest in Ohio for the purpose of providing section 8 housing.  I have about 1

$110K to invest, and I am looking to invest in the next few months.  Any and all guidance is greatly appreciated.  Thank you!  Looking forward to the journey ahead....


Hi Nicholas! Check out Columbus OH if you want to do Section 8 housing. I've done a lot of Section 8 myself for my own rentals. Happy to connect and answer any questions you may have.

User Stats

10
Posts
24
Votes
Nicholas Nakamura
  • Chino, CA
24
Votes |
10
Posts
Nicholas Nakamura
  • Chino, CA
Replied

Hey Kerlous,


That would be great.  I’ll PM for some referrals.  Thanks!

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User Stats

257
Posts
165
Votes
Regina Blake
  • Realtor
  • Cleveland, OH
165
Votes |
257
Posts
Regina Blake
  • Realtor
  • Cleveland, OH
Replied

Hi, welcome! Yes, Ohio is a place where you want to invest in the real estate market. My clients would definitely agree. People are investing in the real estate market from all over the world. If you have any questions reach out! Best Wishes!

User Stats

4,607
Posts
3,470
Votes
Nicholas L.
Pro Member
  • Flipper/Rehabber
  • Pittsburgh
3,470
Votes |
4,607
Posts
Nicholas L.
Pro Member
  • Flipper/Rehabber
  • Pittsburgh
Replied

@Nicholas Nakamura

in order to be successful, you will need to build a network on the ground in Ohio with people you know and trust. buying a random property on the MLS in unknown condition based on other people looking at it, and putting it under management with people you have never met, will not work, and you will lose money.

https://www.biggerpockets.com/forums/963/topics/1195280-expe...

https://www.biggerpockets.com/forums/48/topics/1137397-balti...

so - what's your plan?  how will you do things differently than those folks did?

User Stats

996
Posts
578
Votes
Sam McCormack
Agent
  • Real Estate Agent
  • Cincinnati, OH
578
Votes |
996
Posts
Sam McCormack
Agent
  • Real Estate Agent
  • Cincinnati, OH
Replied
Quote from @Nicholas Nakamura:

Hello everyone!

New here to the forum and I am currently looking to invest in Ohio for the purpose of providing section 8 housing.  I have about 1

$110K to invest, and I am looking to invest in the next few months.  Any and all guidance is greatly appreciated.  Thank you!  Looking forward to the journey ahead....


 Hey Nick! Cincy has a pretty good section 8 program to take advantage of as an investor. Shoot me a message for details!

User Stats

10
Posts
24
Votes
Nicholas Nakamura
  • Chino, CA
24
Votes |
10
Posts
Nicholas Nakamura
  • Chino, CA
Replied
Quote from @Simon Ashbaugh:
Quote from @Nicholas Nakamura:

Hello everyone!

New here to the forum and I am currently looking to invest in Ohio for the purpose of providing section 8 housing.  I have about 1

$110K to invest, and I am looking to invest in the next few months.  Any and all guidance is greatly appreciated.  Thank you!  Looking forward to the journey ahead....


Cleveland will be a suitable market for your Section 8 investment. Check out areas like Old Brooklyn, Brooklyn Centre, Cudell, Jefferson and West Boulevard. 

Thanks for the suggestions Simon.  I'll check those areas out

User Stats

663
Posts
936
Votes
Min Zhang
Agent
Pro Member
  • Real Estate Agent
936
Votes |
663
Posts
Min Zhang
Agent
Pro Member
  • Real Estate Agent
Replied

If you are looking into Section 8, I recommend you check the Columbus market. Any C-class neighborhoods are more geared towards Section 8 and long term renters. Let me know how I can help!

User Stats

10
Posts
24
Votes
Nicholas Nakamura
  • Chino, CA
24
Votes |
10
Posts
Nicholas Nakamura
  • Chino, CA
Replied

Thanks everyone for the suggestions.  I've read so many horror stories on this forum about terrible PMs.  With so many investors on this forum, are there any good PM companies that anyone can vouch for in Cleveland?  

User Stats

849
Posts
825
Votes
Simon Ashbaugh
  • Realtor
  • Columbus Ohio, Cleveland Ohio
825
Votes |
849
Posts
Simon Ashbaugh
  • Realtor
  • Columbus Ohio, Cleveland Ohio
Replied
Quote from @Nicholas Nakamura:

Thanks everyone for the suggestions.  I've read so many horror stories on this forum about terrible PMs.  With so many investors on this forum, are there any good PM companies that anyone can vouch for in Cleveland?  


 Yeah, I can introduce you to a couple. Check your DM.

User Stats

10
Posts
24
Votes
Nicholas Nakamura
  • Chino, CA
24
Votes |
10
Posts
Nicholas Nakamura
  • Chino, CA
Replied
Quote from @Nicholas L.:

@Nicholas Nakamura

in order to be successful, you will need to build a network on the ground in Ohio with people you know and trust. buying a random property on the MLS in unknown condition based on other people looking at it, and putting it under management with people you have never met, will not work, and you will lose money.

https://www.biggerpockets.com/forums/963/topics/1195280-expe...

https://www.biggerpockets.com/forums/48/topics/1137397-balti...

so - what's your plan?  how will you do things differently than those folks did?


 Those are the stories that worry me.  My plan is to build a trustworthy network on the ground, but looking for referrals from experienced investors.  Been trying to research and connect with trustworthy investors, but I feel as if everyone who contacts or post are out for themselves and really don't want to help others trying to get their foot in the door.  I really want to find a reliable and reputable PM to work with during this process.  Where do you suggest I start? 

User Stats

4,607
Posts
3,470
Votes
Nicholas L.
Pro Member
  • Flipper/Rehabber
  • Pittsburgh
3,470
Votes |
4,607
Posts
Nicholas L.
Pro Member
  • Flipper/Rehabber
  • Pittsburgh
Replied

@Nicholas Nakamura 

can you make a trip out there in person?  or several trips?  go to some meetups, meet some PMs and agents in person, look at some properties.  go 2 or 4 or 6 times.  pack your trips with showings and meetings.

if it's not worth it to you to spend some time and money doing that... then don't spend tens of thousands of dollars on a property.

User Stats

8
Posts
5
Votes
Replied

I have over 100 lots to build . utilities in place 800 people on waiting list for section we need houses.i am also a sec 8 landlord 

User Stats

193
Posts
144
Votes
Jason Allen
Agent
  • Attorney
  • Columbus, OH
144
Votes |
193
Posts
Jason Allen
Agent
  • Attorney
  • Columbus, OH
Replied

Section 8 is has the benefit of guaranteed payments by the government. It is a great strategy to start out with.

  • Attorney

  • 614-598-6589

User Stats

1,607
Posts
1,762
Votes
Travis Biziorek
  • Investor
  • Arroyo Grande, CA
1,762
Votes |
1,607
Posts
Travis Biziorek
  • Investor
  • Arroyo Grande, CA
Replied

Nicholas, if you're look at the Ohio market you should definitely be giving Detroit a look as well.

I live in CA and invest in Detroit. The city has been doing extremely well and it hasn't quite gone mainstream with most investors yet.

Happy to share some resources and learnings on the market there if you'd like.

User Stats

78
Posts
46
Votes
Steven Taylor
Pro Member
  • Investor
  • Lorain, OH
46
Votes |
78
Posts
Steven Taylor
Pro Member
  • Investor
  • Lorain, OH
Replied

Lorain ohio 

Section 8 properties anyone got questions please reach out to me. We have 500 plus properties on section 8 in Lorain and elyria