Section 8 landlords

Member since 2024 · 2 posts · 3 votes

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!

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Jonathan GreeneBusiness Member

Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes

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.

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Jeff S.
Specialist · Portland, OR · Member since 2010 · 3k+ posts · 1k+ votes
2y
@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.
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Jonathan GreeneBusiness Member
Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
2y
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.
[email protected]Podcast Guest on Show BiggerPockets Daily 667: 5 Amazing Benefits Multifamily Investments Offer (That Single Family Homes Don’t) by Gino Barbaro
Zen and the Art of Real Estate Investing59 Reviews
Website View Page
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Michael SmytheBusiness Member
Real Estate Agent · Metro Detroit · Member since 2023 · 4k+ posts · 3k+ votes
2y
@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?
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