Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
Lomg Distance investing property number 9 sec 8 question..
Hey BP! Just put a deposit down on buy and hold number 9. Super excited because its my 3rd purchase of the year. My 1st 2 were out of state and this one is about 3 hours from where I live. Just can't find any deals in South Florida anymore. I read @David Greene book on Out of State investing in December and it really gave me a huge confidence boost in looking outside of my local area. Anyhow, I'm hoping someone has a little bit of experience with a situation that I'll need to work through. The current tenants are on section 8, which is great, however I really don't have any experience with section 8 tenants nor do I really know what the process is to have the rent now deposited in my account through section 8. I'm hoping to get ahead of this before we close which is in 11 days. It's a cash purchase. Any advice from folks that have been through similar situations would be great. Thank you in advance.