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Updated over 10 years ago on .

User Stats

4
Posts
1
Votes
Eric Cross
  • Jamesville, NC
1
Votes |
4
Posts

Section 8 Fair Market Rental Rate?

Eric Cross
  • Jamesville, NC
Posted

Buying a home in Washington co, NC. 3/1 Section 8 rents currently $450 per month. Other 3/1 I own in this area rents for $600. Never dealt with section 8. HUD states Fair market for 3 bedroom is $1108. Once I close and rewrite lease. How close can I resonably get to FMR? I'd like it to be at least $600 per month. What can you tell me about process and where to start neg. with section 8 office?

Thanks,

Eric