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Updated over 3 years ago on .

User Stats

72
Posts
48
Votes
Jezelle John
48
Votes |
72
Posts

Please share SECTION 8 experiences in CT as a REI/landlord

Jezelle John
Posted

Recently found a triplex for 310k, the price dropped to 285k and I made an offer of 295K. Seller wants 1% before inspection and 1% after the inspection. But the inspection is for information purposes only. The seller also has only tenants on SECTION 8. This property is not new and will need some cosmetic renovations for now, but I am sure there is more work that will be needed. I had not considered Section 8 due to a negative experience in Brooklyn, NY when I was managing a quadplex (NY is not landlord-friendly). Please share tips or where I should start? My initial thought is the seller is asking for a lot already.