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Updated 8 months ago, 04/04/2024

User Stats

29
Posts
21
Votes
Donnie Tucker
  • Long Island, NY
21
Votes |
29
Posts

Section 8 advice - New investor

Donnie Tucker
  • Long Island, NY
Posted

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

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