Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 17 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Rich Maliszewski
  • Real Estate Investor
  • Reeders, PA
0
Votes |
4
Posts

Most Popular Reply

User Stats

131
Posts
3
Votes
Jimmy NA
  • Property Manager
  • CT
3
Votes |
131
Posts
Jimmy NA
  • Property Manager
  • CT
Replied
Originally posted by "Beachbum":

As a Taxpayer, I am offended by the abuse these programs encourage. I have had countless subsidized tenants that were absolutely employable, but choose to take advantage of the system instead. Certainly, there ARE people legitimately in need of these programs, but they should not be allowed to participate forever with NO accountability.

True story. I bought a (2 family) house near Boston. One tenant was on Sec.8. The rent was $800 for a $1200 apartment. The tenant was responsible for only $300 of the $800 a month rent. After this tenant was evicted from my house (her lease ended and she refused to move out)...the tenant bought a $580,000 three family just outside Boston. This is fact. One of my co-workers at Remax was the tenant's agent. The tenant milked the system and was able to buy a nearly 600k house!

Loading replies...