Mr. Gabriel D’Antoni

[Gabriel D'Antoni]

Has anyone dealt with section 8 renters before and if so what are some red flags that I should keep an eye out for?

[Jonathan Greene]

You can't really phrase it like that. You don't want to focus on the renters of Section 8 because that can come off as discriminatory as a landlord. You want to focus on the applications. Have you ever done Section 8 as a landlord?

Most new investors look to Section 8 for "guaranteed money" and think it's easy. They are wrong. Section 8 can be very profitable, but it's not smart as a first investment or a one-off because there is a lot more red tape.

[Raymond J. Rodrigues]

@Jonathan Greene can you describe the red tape that you are referencing? 

[Jonathan Greene]

Quote from @Raymond J. Rodrigues:

@Jonathan Greene can you describe the red tape that you are referencing? 

Red tape = dealing with the government, getting the house inspected and approved, learning the procedures of Section 8 so you do everything the right way. This is in comparison to a rental where the government is not your co-signor.

[James Wise]

Quote from @Gabriel D'Antoni:

Has anyone dealt with section 8 renters before and if so what are some red flags that I should keep an eye out for?

 If you have a house in the hood, it's a good way to mitigate risk of non payment. Note that these folks are super hard on properties though. They stay longer than low income cash payers on average, but they beat the snot out of your house while they are there.