Section 8 Rents are Crazy High in Cleveland

[James Wise]

The amount of money the government dishes out to Section 8 property owners in Cleveland is nuts. Even in 2024, while many other housing markets are suffering, the numbers on Section 8 rental properties in Cleveland are out of control. Section 8 profits in Cleveland housing is arguably the best in the nation. During this episode of The Investment Properties For Sale Show the HoltonWiseTV team is taking viewers on a tour of a single family house that will take in a truck load of Section 8 rent every month. Tune in to HoltonWiseTV more more Section 8 deals like this one.

Section 8 Rents are Crazy High in Cleveland | Investment Properties For Sale - 12004 Craven

CLICK HERE TO WATCH THE VIDEO

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HoltonWise, along with it's market specific vendor partners, offers real estate investors a complete top to bottom real estate investing support system. In addition to a huge inventory of properties for sale, products and services available for investors are as follows.

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HoltonWise offers complete Hit me up to talk about investing in the following markets.

- Cleveland, Ohio

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Vendor partners include, but are not limited to

- @Engelo Rumora & @Dominique Osborn as well as the rest of the OzRealty specializing in the Toledo, Ohio real estate market.

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[Michael P.]

Quote from @Christopher Sandys:

This past July I had my first single-family home in Toledo approved for a Community Housing Voucher, i.e. Section 8. The three bedroom, 1.5 bath is grossing $1400/month from the Lucas Metropolitan Housing Authority. It is in a C-neighborhood. My all-in acquisition costs were about $20k. That includes all of the purchasing costs plus renovations. After paying the monthly, full mortgage component, I am grossing about $730/month. Break even on acquisition costs in 28 months while government is funding my principal, interest, insurance, taxes, and PMI.

That's a pretty good return, right?  

The major, major issue here in Toledo is the Lead Safe initiative. Enforcement is halted by a court order. If that changes, and I have to install a boat-load of new, piece-of-crap vinyl windows, the entire ROI will change. Heck - the entire rental market for <5 units in Toledo will experience significantly decreased liquidity and availability.

That court case lost the appeal, lead safe is being enforced. Use Dave Myers for lead inspections: 419-283-3283. He's an Investor also and so he's not trying to bust us.