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Updated 12 months ago on . Most recent reply

User Stats

73
Posts
40
Votes
Jonathan Rivera
  • New to Real Estate
  • NJ (new jersey)
40
Votes |
73
Posts

Section 8 in a Tenant friendly state 🤔 ?

Jonathan Rivera
  • New to Real Estate
  • NJ (new jersey)
Posted

Hey guys, 

I know most of the time it’s important to buy in a landlord friendly state so this way you’re protected in case of an eviction & it’s in favor for you, the investor.

My whole strategy has been to have tenants that have vouchers to section 8 bc of payments being guaranteed depending if tenant needs a lot of assistance.

My only issue is that I am in a tenant friendly state here in NJ. I originally wanted to invest out of state but part of me wants to be near where I invest. So the next state over that’s more affordable than here is PA.

My question is, although both states aren’t landlord friendly, the fact that I want section 8 tenants instead of normal tenants, do I have an advantage over the eviction process?

Being that section 8 tenants average time in a property is 7-8 years, they are under the housing authority, they also wouldn’t want to lose their voucher, especially if they waited years to get in and much more.

Am I safe investing with this method in a tenant friendly state?

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