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Updated over 2 years ago on .

User Stats

9
Posts
10
Votes
Dustin Erlewine
  • Rental Property Investor
  • Fort Leonard Wood, MO
10
Votes |
9
Posts

Section 8 rate is higher than what I can get in normal rent

Dustin Erlewine
  • Rental Property Investor
  • Fort Leonard Wood, MO
Posted

I live in a county where the section 8 rate for a 3 bedroom is $1178. For most of the county this rings true for what you could get for normal rent. However, in some of the outer parts of the county this would be about $200-$300 more than what I could normally get. If I can get the section 8 rate it would be highly benefical for me to BRRR these properties because they are in a Opportunity Zone which would allow me to escape capital gains if I hold them for 10 years. What am I missing something?