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Updated 7 months ago on . Most recent reply

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Olivier Colson
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URGENT HELP - Buying house with existing Section 8

Olivier Colson
Posted

Hello,

I am upstate NY amateur investor in quality single family homes. 

I would like to buy a property which has an existing section 8 family tenants, for the only reason that I own and rent the adjacent property to a quiet retired couple who cannot enjoy peacefully their home because of these people. My goal is to buy the house, terminate the section 8 lease as soon as possible (at the lease term, to avoid eviction process), and search myself for other better tenants. The owner is ok to let me buy at a good price so I am about to proceed.

I have never dealt with Section 8. I know that NY is more tenant-friendly and that the rent payments are made directly by "Arbor" and "DSS". Can I simply not-renew the lease at its term ? What difficulties may I face to get rid of the tenants ?

Your advice is appreciated !

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Kim Meredith Hampton
Agent
Pro Member
  • Real Estate Broker
  • St Petersburg
2,104
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2,613
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Kim Meredith Hampton
Agent
Pro Member
  • Real Estate Broker
  • St Petersburg
Replied

I would call a RE Lawyer in your area that is familiar with section 8 housing. From what i’ve heard about New York, California, Washington and Seattle is that these states are very pro tenant, so be very careful about buying something before you speak with an attorney who knows what they are doing!!! 

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Engel & Völkers | St. Pete
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