Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 4 months ago on . Most recent reply

User Stats

21
Posts
10
Votes
Daniel Dixon
  • Rental Property Investor
  • Denver, CO
10
Votes |
21
Posts

Switch Indy duplex to affordable housing tenants?

Daniel Dixon
  • Rental Property Investor
  • Denver, CO
Posted

Hey BP community!

We’ve got an Indianapolis C-class duplex that we successfully BRRRRed in 2020. However, tenants have not been great, basically late on rent and/or leaving repairs that eat all profits.

Appreciation would allow us to get out with a modest profit, but I’ve posed going Section 8 via the Affordable Housing website to my business partner. We’d have a subsidized tenant, so at least collecting a majority of the rent, and I understand that these tenants usually stay longer.

I know there is bureaucracy with Section 8 but can out up with that. 

Thoughts from other out of state investors In Indianapolis?

Most Popular Reply

User Stats

188
Posts
149
Votes
Harvey Levin
  • Property Manager
  • Indianapolis, IN
149
Votes |
188
Posts
Harvey Levin
  • Property Manager
  • Indianapolis, IN
Replied

I have been a section 8 landlord in indy since 1985 and managerfor others since 2011 specializing in section 8.the most houses and doubles we have had with sec 8 is over 400 at 1 time.  Over 90% of my personal portfolio is c class with  sec 8 tenants.  It can be highly profitable but making quick repairs  is the number one way to stay profitable.  Without that tenats do not stay long term ( my definition of long term is 5 plus years)

  • Harvey Levin
  • Loading replies...