Trying to buy a house that is section 8 tenant occupied.

[Nadir M.]

Good afternoon everyone,

I’m trying to buy a house that is currently tenant occupied. The tenant has been there for 8 years. It’s a section 8 tenant so not sure if there is more that I need to be concerned about regarding laws or the fact that they are section 8. Should I try to avoid section 8 all together? Thoughts? Experiences?

Thanks

[Helen Kirk]

I've had a house for a few years now that had a section 8 tenant.  She lived there as a tenant for 12 years before I bought the house.  The only problem I had was when she got a job and her Section 8 payments dropped significantly.  She struggled quite a bit with making the rent on her low salary.  When her company went out of business this year and all the workers lost their jobs, Section 8 picked up most of her rent payment.  I can say that having a Section 8 tenant has been a good investment overall, but things can happen.