Section 8 rents in Louisville

[Fredie Robinson]

Hello all,

I'm thinking about investing in some low income properties in Louisville. Particularly the Portland neighborhood. My question is what is the max rent you can recieve for a 2/1 or 3/2 SFR house on section 8? I called the local HUD office but they weren't much help. From what I've heard it varies from house to house but I just want to know a average to see if would be worth my time going the section 8 route.

[Pedro Martins]

@Fredie Robinson, as I understand the FMR numbers you posted are the correct numbers, however you have to take into account that they are supposed to include utilities. There is an information packet that you can get at the HUD office that explains the calculations.

I do not have actual section 8 experience, though I considered it. As my mentor (who is heavy into the low income area) puts it - "I don't want section 8 because I don't want another boss"

FYI - I have a 3/4bed 1bath in Portland - about 2100sqft - i put in new flooring and paint so it's decent - rents for $795.