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Updated about 10 years ago on . Most recent reply

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65
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5
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Derone Patterson
  • Investor
  • Philadelphia, PA
5
Votes |
65
Posts

section 8

Derone Patterson
  • Investor
  • Philadelphia, PA
Posted

I going to buy my first multi-family house as an owner occupier. My question is about section 8. Does my house has to be payed for to get it? 

Most Popular Reply

User Stats

21
Posts
7
Votes
Jewrel Rudolph
  • Investor
  • Millbrook, AL
7
Votes |
21
Posts
Jewrel Rudolph
  • Investor
  • Millbrook, AL
Replied
 @Derone Patterson: Your house does not have to be owned free and clear but it does have to pass an inspection. If they find any infractions you'll have a reasonable amount of time to get it corrected. 

That said, I leased to a section 8 tenant for 3 yrs and ended up evicting her. Long story short, she made unapproved modifications to the property, almost burned my house down AND I later discovered she was cooking meth. I'll never go the section 8 route again. Maybe just a brush of bad luck but I've leased that property for almost 15 years and nobody even came close to being as bad a tenant as her and her children. She was the 1st and last section 8 tenant for my properties.

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