Can I rent my new property to Section 8

[Aziz Wali]

Quick Question: I am newbie in Real Estate and planning on buying a property in PA. I have around 5K downpayment and the property Asking price is 40K. I am planning to use private money lender to get that property for the rest of the money. Will I be able to give that property to Section 8 and get a Fixed rent?

Thank you

[Patti Robertson]

@PJ McLaughlin As a section 8 Landlord. and Property Manager I think this is a good idea. It has nothing to do with section 8 but just in general landlording in low income neighborhood to low income tenants requires more hands-on involvement than a higher end rental. I have more than one management client who used to live in their houses in Virginia Beach that are not in a low income areas who called us because their tenants stoped paying and we discovered the tenants had completely trashed their houses. They ended up hiring a property manager anyways because you can only know so much when you live on the other side of the country. Trying to manage on your own from very far away can be a very expensive lesson. Sometimes people get lucky. But sometimes it bites them.