Section 8 landlords

[Nestor Rodriguez]

Hey there! From Portland and looking to start investing for the first time. Thinking about a duplex, live in one and rent the other to a section 8 tenant, any local landlords that can give advice on rent analysis? Or any other advice for that matter..Thank you guys! 

[Jonathan Greene]

You probably think Section 8 sounds easy because the government pays you, but that's not how it is. Section 8 rentals can do very well, but you have to practice and do several of them to make it worth it. It's not something you just do and the property matters to get approved.

It sounds like you just want to house hack. I would focus on house hacking, finding a two-family, and just getting the best renter in the other side.

[Jeff S.]

@Nestor Rodriguez yes I am a Portland landlord. It is illegal to discriminate against a tenant based on their source of income so I would advise against even mentioning this in any way shape or form.

Are you qualified to purchase expensive RE? I would advise you to become prequalified. 

Based on your question I would also advise you to seriously consider using a property manager.

[Jonathan Greene]

You probably think Section 8 sounds easy because the government pays you, but that's not how it is. Section 8 rentals can do very well, but you have to practice and do several of them to make it worth it. It's not something you just do and the property matters to get approved.

It sounds like you just want to house hack. I would focus on house hacking, finding a two-family, and just getting the best renter in the other side.

[Michael Smythe]

@Nestor Rodriguez so you want to live next to someone that doesn't work, sits home all day smoking weed with their troublemaking friends and attracting other lowlifes?