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Updated about 6 years ago,
Rochester NY: Section 8 Questions
Hello everyone,
I am looking into purchasing a multi-family home in the Rochester within the next 12 months (after graduating from MBA program). As a new graduate with a minimal amount of capital to make a down payment, I am thinking of purchasing a low-income multi-family in a neighborhood such as 19th ward. From youtube videos and forums, I am thinking section 8 may be the best opportunity to get the best return. Has anyone in Rochester area had experience with this that can help answer a few of these questions:
1) What is it like working with Rochester's section 8 department?
2) What are the average rent rates for section 8 in Rochester? Have there been any trends of upward or downward rents?
3) Is there a high demand for section 8 housing in Rochester? High supply?
Thanks for any info on this!