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Updated over 4 years ago,

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2,458
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Lynnette E.
  • Rental Property Investor
  • Tennessee
2,400
Votes |
2,458
Posts

need help, section 8 and rent to own

Lynnette E.
  • Rental Property Investor
  • Tennessee
Posted

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.

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