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Updated over 2 years ago,

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Mike Martinez
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Question for section 8 landlords

Mike Martinez
Posted

I've been wholesaling real estate full-time here in the Houston market for the last 6 years and am now looking to buy my first rental property and have decided to go the section 8 route.  I know I will probably get a lot of criticism for this but I would like to buy my first rental move-in ready, all cash. I'm not as concerned with roi as I am with the cash flow. Obviously, with me paying all cash during these high-interest rates, I will be coming in under the list price to capture whatever extra equity I can.  The problem I'm having is knowing exactly what the property will rent for on section 8. I have the current 2022 payment standard sheet but I'm seeing different prices listed on the section 8 site. For example, the payment standard sheet says it will pay a max of $3,355 in a particular zip code for a 4 bedroom then online I will see a huge fully updated 2018 year-built house being offered at $2,800 a month. Does sqft of the property I buy need to be taken into account also? Super lost... any advice would be greatly appreciated! Thanks in advance!!!

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