Section 8 advice - New investor

[Donnie Tucker]

I want to get started investing in rental properties where I live (NY) before I venture out of state but I have 2 major concerns about NY: tenant laws and high prices. It makes me feel like I'm stuck.

I've been networking locally and met a successful investor who recommended section 8 to me. Does that really help with my 2 main issues? I can see buying a cheaper property in a less desireable neighborhood but I'm thinking it'll still need to be rehabbed. What do you guys think? I appreciate any advice. Thanks

P.S. - I just read the section 8 bible. Great book! But I'm pretty sure I can't find any houses for 20k around here

[Zeke Liston]

Quote from @Donnie Tucker:

I want to get started investing in rental properties where I live (NY) before I venture out of state but I have 2 major concerns about NY: tenant laws and high prices. It makes me feel like I'm stuck.

I've been networking locally and met a successful investor who recommended section 8 to me. Does that really help with my 2 main issues? I can see buying a cheaper property in a less desireable neighborhood but I'm thinking it'll still need to be rehabbed. What do you guys think? I appreciate any advice. Thanks

P.S. - I just read the section 8 bible. Great book! But I'm pretty sure I can't find any houses for 20k around here

 That's tough, Donnie. You may want to consider investing in another out-of-state market. If you're hoping to find a house for $20K, there aren't going to be many (if any) options. You can typically find good options in Ohio around $80K+.