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Updated almost 8 years ago on . Most recent reply presented by

Jake Holmes's profile image
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Jake Holmes
  • Investor
  • from Colorado Springs, Colorado
  • Member since May 14, 2015
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Jake Holmes's profile image
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Jake Holmes
  • Investor
  • from Colorado Springs, Colorado
  • Member since May 14, 2015
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Jake Holmes
  • Investor
  • Colorado Springs, CO
7
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34
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Tax, SDIRAs & Cost Segregation

How serious is section 8 fraud

Jake Holmes
  • Investor
  • Colorado Springs, CO
Posted

How serious is fraud taken in section 8 rentals. I know of someone that has had people living with them and paying rent. When reported it was brushed off. Is this the normal response from local offices or no.

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Dmitriy Fomichenko
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  • Anaheim Hills, CA
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

Fraud IS a fraud (section 8 or not), don't do it! If someone you know is considering it - tell them not to do it. The truth will eventually come out, it is not worth it. 

"Bread gained by deceit is sweet to a man, but afterward his mouth will be full of gravel." Prov. 20:17

  • Dmitriy Fomichenko
  • (949) 228-9393
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