Section 8 is so easy.... On Paper...

[John Hill, Jr.]

I participated in an investment group recently and the key note speakers spoke about Section 8. They made is seem so easy... Sign a couple of sheets of paper, have an inspection, list your property and the tenants roll on in.... This true? Do you have any section reality check stories to share? Please do....

[Patti Robertson]

I agree with everything @Mike Stahlman said. In addition, if you know the HUD rules and use them to your advantage, the benefits to SEC 8 are huge. The majority of the negative things people say about SEC 8 are true for any low income rental, regardless of who pays the rent. If you have two rentals side by side and both tenants work at the local WalMart and one is SEC8 and one is not, when the WalMart decides to shut down, the one without SEC 8 won't be able to pay rent because of lost income, but SEC 8 will step in to pay for the other one. There are so many more benefits and strategies. People ask this question so often on BP and my fingers have gotten tired from typing it over and over, so I wrote the info into a blog. I'll link it for you below.

https://www.biggerpockets.com/member-blogs/9232/55313-intro-to-section-8---your-perceptions-vs-my-realities