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Updated about 1 year ago on . Most recent reply
Out of state properties
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.
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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.