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Updated about 1 year ago,
What would you tell an NFL player who’s considering Section 8 housing?
I love the bigger pockets community to bounce ideas off the group. Here’s the opportunity:
I’ve found an experienced operator (250 doors under his belt) who specializes in Home choice voucher program (HCVP) or section 8 housing.
The numbers are a 70/30 split. We forum an LLC together were in 70% owner. I hold majority to all key decisions. I'm providing all the capital while him and his team finds the deal, repairs property, finds tenants, and manages the property. I can be involved as little or as much as I'd like. (I'd like to since interested in this real estate asset class).
His main market is Cleveland, but also has Toledo, Memphis, and a little Jacksonville. Buys single family homes on the $50k - $75k range give or take $5k.
I’m new to Section 8 housing. I’ve been doing a great deal of due diligence on the team and the asset class as a whole. What are your thoughts? I would love someone’s take who’s invested in HCVP. What are the pros/con? Tips? Any advice would be well received. Thank you all.