Section 8 in VA, DC, and MD. Seeking an experienced Real Estate Agent

[Amandeep Singh]

Hi everyone. Does anyone have experience with section 8 in the VA, DC, and MD area? My father used to buy properties in Baltimore for 10-40k each with a monthly income of between 1k-1.4k. Is this even possible anymore? I was interested in learning more as I'm just starting out. I've posted in the forums before and much of the advice i got was aimed towards using leverage, which I am against. I want to own out right and collect 100% profit for my properties. Section 8 seems like a good start, I am in no rush. Thanks for reading, reach out directly if you would like.

Additionally, seeking a real estate agent in the Washington DC and surrounding areas to help put together a realistic strategy.

[Jack Seiden]

Quote from @Amandeep Singh:

Hi everyone. Does anyone have experience with section 8 in the VA, DC, and MD area? My father used to buy properties in Baltimore for 10-40k each with a monthly income of between 1k-1.4k. Is this even possible anymore? I was interested in learning more as I'm just starting out. I've posted in the forums before and much of the advice i got was aimed towards using leverage, which I am against. I want to own out right and collect 100% profit for my properties. Section 8 seems like a good start, I am in no rush. Thanks for reading, reach out directly if you would like.

Additionally, seeking a real estate agent in the Washington DC and surrounding areas to help put together a realistic strategy.

So 1st off all, D.C. used to have areas that paid more than market rent for a section 8 tenant, that’s now over, so tbh I wouldn’t really care one way or the other if a tenant is section 8, as far as the market, it’s gonna be impossible to get anything remotely approaching the return your father got in Baltimore both because dc is a different market and frankly the market has changed even in Baltimore. If you want to invest in d.c. proper I would say the best argument is prices have fallen pretty substantially in certain sub markets and certain assets classes (mainly condo and commercial) however there is certainly risk it could get worse alongside upside it could get better, if your buying in the dc suburbs, you are buying for stability and honesty should probably be benchmarked against a bond or a safe asset like that.