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Updated over 9 years ago on . Most recent reply

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23
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3
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Keith Rivera
  • Schaumburg, IL
3
Votes |
23
Posts

using section 8

Keith Rivera
  • Schaumburg, IL
Posted

Has anyone ever used the strategy of aquiring properties and only using section 8 tenants in them to guarantee the property will always be filled and the rent will always be paid on time. I live in Chicago where there are many low class neighborhoods and I can buy properties next to nothing in some areas. I am able to fix them up myself and do all the work to save a ton of money. I than plan on renting them out to section 8 tenants and I'm not worried about them trashing the place, even if I had to repaint the place and change the carpet every turnover, it wouldn't bother me. I could do that in a day or two. It seems like that's what investors are worried about. Has anyone ever used or thought about doing this?? Please give me feedback and advice

Most Popular Reply

User Stats

404
Posts
315
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Mark Holencik
  • Investor
  • Coplay, PA
315
Votes |
404
Posts
Mark Holencik
  • Investor
  • Coplay, PA
Replied

Get the "Section 8 Bible" Both 1 and 2. Two guys from Philly wrote about their experience with section 8.

http://www.section8bible.com/

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