Section 8 Investing

[Nathan Frost]

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.  

[Michael Smythe]

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.