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Updated about 9 years ago on . Most recent reply

User Stats

12
Posts
5
Votes
Bob Torres
  • Wholesaler
  • Youngstown, OH
5
Votes |
12
Posts

section 8 rental questions

Bob Torres
  • Wholesaler
  • Youngstown, OH
Posted

hello everyone  I currently have 3 house's  I have rented out  looking to expand  my properties  to 10 this year I live next to all 3 of my houses  so I will keep them from section 8  for the next few I buy im looking to go section 8  I see  a great need for low income housing in my area  has had anyone success  using this method   it seems to be a sure way to collect your rent with no worries  also seems they pay more per bedroom  so u can capitalize full price potential  would love to hear from someone with knowledge on this  thanks for reading my post look forward to chatting with you 

Most Popular Reply

User Stats

824
Posts
281
Votes
Kenneth LaVoie
  • Rental Property Investor
  • Winslow, ME
281
Votes |
824
Posts
Kenneth LaVoie
  • Rental Property Investor
  • Winslow, ME
Replied

First, I beg you on the behalf of all BP readers to use punctuation. (periods or commas). Without them, we have to re read your post a couple of times, trying to figure out where one sentence ends and another begins. You'd think it would be easy, but it's not. I offer this in complete kindness, tyring to be helpful, not picking on you. 

We like section 8 in general, because the people who are on it are held to a pretty strict standard. In general, a single man doesn't have as much to lose as a single mom with two young children. If they misbehave or leave you owing money, they lose their sec 8 voucher. Sec 8 is like any other group. You will find gems and ... not so shiny specimens! I will say we have two tenants who've been with us nearly 7 years on section 8 and they're in our top 5 tenant list (out of 48)

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