Section 8 in SF Bay Area

[Robert Hou]

Hey everyone, long time lurker here and my family and I have identified a property in the Bay Area that we would be interested in purchasing as an investment property. The seller mentioned that we should consider look into renting to Section 8 tenants as they had some years before, and after doing some research and listening to Joe Asamoah's interview (BPP 356), I've decided that it could be a viable option. Does anybody have any experience working with Section 8 in the SF Bay Area, more specifically the city of SF? If so, I would love to connect. There is also an unused room that I think could be converted into a bedroom, which would jump the FMR (Fair Market Rate determined by the housing authority) by a considerable amount, so we would actually be looking at somewhat of a quick BRRRR project. If anyone has any experience on this, I would also love to hear about your experiences.

Thanks in advance!

[Brian Garlington]

I have tenants that I have placed in my rentals in Alameda County, Contra Costa County and Cuyahoga (Cleveland,Oh) County that have Section 8 Vouchers. I think it's a fantastic idea and am all for it and have been doing it for years. 

First thing is have you already been pre-approved with a lender? Do you already have a Realtor? If you have not been pre-approved with a lender that should be your first step.