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Looking fo the section 8 playbook.
I have a call with a couple of out of town investors who are interested in investing in section 8 in detroit. I am here and a former agent/wholesaler. I can analyze a deal, but don't have experience with section 8. Can you tell me your best resource that helped you understand the section 8 process from an investors viewpoint.
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Section 8 is pretty easy to navigate. I would start with finding out what the payment standard is for that area. The payment standard is what Section 8 will pay UP TO, but beware it does not guarantee they will pay the top amount. It depends on the applicant/tenant. This way it will help you analyze the deal to see if the property cash flows.
The other details as far as process isn't hard.
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- Property Manager
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@Billy Farley we manage almost 700 doors in Metro Detroit, about 300 in City of Detroit, almost 100 S8 leases.
So, PM us if you'd like to chat about S8:)
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