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Updated over 8 years ago on . Most recent reply

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5
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0
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Amer Sunil
  • Investor
  • Dallas, TX
0
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5
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Buying 4 plex with below market rate and section 8 tenants

Amer Sunil
  • Investor
  • Dallas, TX
Posted

Hello,

I am looking at a fourplex in fort worth Texas. 2 of the tenants are on section 8 and are paying rents much lower than the surrounding area. They are paying $600 whereas the rents should be around $750 or higher. Are there any red flags when dealing with section 8 tenants? Is the process to raise rents complicated for section 8? Any warnings or recommendations in trying to raise rents when I purchase the property? Thanks!

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