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Updated almost 9 years ago, 02/23/2016

User Stats

85
Posts
11
Votes
Donnell Evans
  • Real Estate Agent
  • Philadelphia, PA
11
Votes |
85
Posts

Becoming a section 8 landlord

Donnell Evans
  • Real Estate Agent
  • Philadelphia, PA
Posted

I'm not looking for legal advice here and I won't take any comments as legal advice; I just came across a property here in Philadelphia for about 30k where a tenant is in place paying 900 a month Section 8. My question is because I am not currently an approved Section 8 landlord will I be able to buy this property and collect rent? If I have to get some sort of approval first how long and drawn out is the process? I know nobody is giving advice here so I guess I'm just asking everyone to speculate for me.

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