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Updated 8 days ago on . Most recent reply

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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,260
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28,222
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The hard truth about Buying Section 8 Rental Properties in Philly

James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Posted

Investing in Section 8 rental properties in Philadelphia is a great way to make money. However, investing in Section 8 rentals in Philly isn't always an easy way to make money. When you're investing in Section 8 housing in a place like Philly, there are always going to be ups and downs. There are always going to be a ton of variables that change the amount of money you can make or lose on any one of your rental properties. Understanding how to properly plan for these variables is going to be key to your success as a Section 8 real estate investor in the Philadelphia real estate market. Tune in to HoltonWiseTV to learn more about making money investing in Section 8 housing in Philadelphia, Pennsylvania.

The hard truth about Buying Section 8 Rental Properties in Philly | HoltonWiseTV Highlights

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Most Popular Reply

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Stuart Udis
#3 Innovative Strategies Contributor
  • Attorney
  • Philadelphia
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Stuart Udis
#3 Innovative Strategies Contributor
  • Attorney
  • Philadelphia
Replied

Here are a few more truths: 

1. Very few who lease their properties to section 8 tenants or who invest in properties that  would be considered a good candidate for a subsidized tenant to alleviate rent collection risk perform well for a sustainable period of time.

2. Specific to Philadelphia, there's never been more landlords competing for the same voucher recipients. Between the increase in voucher valuations (which most fail to realize is best case scenario) and the enormous surplus of new housing that has some landlords turning to the section 8 program as a bridge solution until the market can absorb the new product, its never been more difficult to lease to a voucher recipient in the lower tier neighborhoods where most pursue this strategy. 

  • Stuart Udis
  • [email protected]
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