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Updated about 1 year ago on . Most recent reply

Monir Badeer's profile image
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Monir Badeer
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Monir Badeer's profile image
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Monir Badeer
  • Member since Oct 27, 2022
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Monir Badeer
11
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1
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Buying & Selling Real Estate

Out of state properties

Monir Badeer
Posted

Good morning, I live in California and I’m looking to buy out of state properties that cash flow using regular rental or section 8. Any tips would be appreciated it. 

Los Angeles County, California
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Jason Allen's profile image
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Jason Allen
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  • from Columbus, OH
  • Member since Aug 3, 2023
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Jason Allen's profile image
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Jason Allen
  • Attorney
  • from Columbus, OH
  • Member since Aug 3, 2023
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Jason Allen
  • Attorney
  • Columbus, OH
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Jason Allen
  • Attorney
  • Columbus, OH
Replied
Quote from @Monir Badeer:

Good morning, I live in California and I’m looking to buy out of state properties that cash flow using regular rental or section 8. Any tips would be appreciated it. 


 I'd suggest investing in Columbus, Ohio. The local housing authority just approved a substantial increase in the housing voucher rates. So, a property that already meets the 1% can meet the 1 1/2% rule with the right section 8 tenants. 

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