General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 10 months ago on . Most recent reply
Section 8 Investing
Hi all, I have had two people reach out claiming they can get $500 cash flow per unit section 8. Saying I should invest in 10-15 units. Anyone experience with section 8? I mean I could buy 10-12. Just not sure if its too good to be true or worth it. Rather get into STRs or Pad splits.
His profile is section8karim on Instagram.
Most Popular Reply
#5 Managing Your Property Contributor
- Property Manager
- Metro Detroit
- 2,605
- Votes |
- 4,265
- Posts
#5 Managing Your Property Contributor
- Property Manager
- Metro Detroit
In our experience, the S8 guru/scammers promote buying Class D properties and then renting them out to S8 voucher holders.
It takes a lot of hustle and probably legally bribing the tenant with an appliance or two, to get them to move into a bad area.
No telling how long they will stay either.
We just had a S8 tenant in a Class C property break their lease, with the support of their caseworker, due to fight with a neighbor.
S8 is a tool that, like any tool, needs to be used properly.
- Michael Smythe
