Starting out and excited

[Aquilas Zephir]

Hi Everyone,

Created an account since November 2023. Have done a bit of research on all the strategies.

So far, really like the idea of getting into section 8. Would really love to connect with anyone who can help a newbie take a first step towards becoming a section 8 land lord within the next 90 days. 😇

Excited and can’t wait to start.

[Aquilas Zephir]

Quote from @Nader Shariff:

Hi ,

We have a few S8 properties and have had experience with it. I think there are a lot of pros and cons in regard to S8 and it is important you understand all of them. I am happy to connect and share my thoughts on it, if you ever want to. Feel free to shoot me a message. 

Hello Nader,

Yes, I would be interested in picking your brain. I set up a REI company and set aside some cash, but would not be able to do an all cash deal to start.

My concerns are two part:

1. Where to invest, I live in GA. Would it be best to get the first property close to home?

2. Financing. How do I get a loan for a property to S8? I would need to use some creative financing since DSCR loan would be tough since no income from the property because there is no tenant yet.

So, that’s where I am. Trying to understand step 1 and then step 2. 

Would love to know what you did to get the first one.

-AZ