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Updated over 4 years ago,
need help, section 8 and rent to own
I need some help with someone who is an expert in this area.
I have a few rentals that are taking applications now. One lady has a section 8 voucher for $940. I have a 3 bedroom house for $950 and I said I could work with her, if the house qualifies as it is...but I do not know if it will as its a 1902 house. I have another house that is 5 bedrooms and $1100 a month. It is more close to qualifying, maybe.
So that lady I told I could consider her for the $940 house insist that she can use her voucher and pay the difference for the $1100 house because it has more bedrooms. Is this correct for the section 8 voucher program? I always thought that it was a no side deal type of a program. Lady says she has done it many times as she has 5 kids and likes more bedrooms.
Next question. She also wants to do rent to own on the house using the section 8 voucher. I don't think I want to sell, just fixed it up as a long term rental, but still want to know if this is even legal? I am guessing no, but want to know for sure.