Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 over 7 years ago,

Account Closed
  • Raleigh, NC
0
Votes |
3
Posts

Transfer of ownership with existing Section 8 tenants

Account Closed
  • Raleigh, NC
Posted

I'm looking at investing in a multifamily property as a first rental investment. It is currently rented to Section 8 occupants . This time of year, purchasing a vacant SFH with the hopes of renting during the holiday season scares me as I need the cash flow and don't want to cover the mortgage for months that are typically low move months. So, I'm finding currently rented multifamily homes appealing in this regard.

I know there are pros and cons of renting to Section 8s but I'm specifically wondering about what needs to be done by a new property owner with existing section 8 tenants. If the property has already been inspected and deemed acceptable by the Housing Authority is that good no matter who the property owner is... or would I as a new property owner have to redo some paperwork at title transfer?

Hope it is clear what I'm asking. Thanks in advance. Love this group.

Loading replies...