out of state looking to invest in section 8 in birmingham

[Allen Zhu]

new investor here!

im wondering what do you guys think about section 8 investing? ive been seeing alot of landlords sayings its good but some are saying its bad. im torn between the 2 need some of your guys opinions! 

thanks in advance looking forward to your opinions.

[Mavely Pazmino]

I’m looking to invest in Birmingham for Sec 8 as well. But from what I’ve been searching, seems like a lot of out of state investors (like myself) are buying-out a lot of the properties at asking/over-asking price ($50-$60k) rehabbing it, and selling/ renting it out- making the market a bit tougher/more competitive since it seems like the secret is out about Birmingham. I can tell you Birmingham (Jefferson county) has various Section 8 housing authorities and some are slower than others. 
Also- finding lenders that are willing to lend on less than $75k PP is hard, but I’m still looking.

Am I still going to try to invest in Birmingham?… absolutely because anything is better than paying the prices out here in NY   *cries in broke*