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Updated almost 6 years ago on . Most recent reply
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BRRRR to Section 8 - does it make sense?
I like the BRRRR method and I think it is a good strategy to start out with. I want to use this strategy and rent out to Section 8 for the stable rent.
Does anyone have any experience with this? Or have any advice for this type of strategy?
The downfalls that I can think of initially would be the lack of appreciation and lack of annual income increase. If I can still get at least $150/ cash flow per unit would that make it worth it?
Most Popular Reply
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@Erica Gregory Section 8 tenants are not one size fits all. We placed a lady recently in a rental here in Connecticut recently who had 750 credit and a very good work history. Just screen section 8 tenants like you would anyone else, just do not weight the income as much.
- Michael Noto