Multi-Family and Apartment Investing
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 4 months ago,
Convert to section 8
Hello, we are an Investor in a 260 unit older multi family complex in the Atlanta area. The plan was to upgrade 10 units at a time and increase rents after that. But the problem is and was that a lot of tenants are not paying rent and very hard to get them out (almost impossible). I am learning more and more about section 8 and wonder if it would be a good strategy to convert the project to that as I checked the zip code and what you get for 1 and 2 bedroom apartments is much more than what we are getting at the moment.
Has anyone done that and any experience in it (also in other states etc.)?
Thanks