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Updated almost 9 years ago on . Most recent reply

User Stats

5
Posts
3
Votes
Luke Foote
  • Investor
  • Lincoln, NE
3
Votes |
5
Posts

Section 8 or not?

Luke Foote
  • Investor
  • Lincoln, NE
Posted
One of my best tenants is going through a divorce and has asked if I would accept housing assistance. She is on the waiting list. I was honest with her and told her that I haven't dealt with this before and that I would check into it. The property she occupies is a 900 sq ft 2 bed 1 bath with a family room and a non- conforming "office" in the basement with a single attached garage and a large shed in a fenced backyard. Rent on that property is $800/month and positive cash flow of $ 340/month. I don't want to go any lower on the rent. I would like to here from other investors here in Lincoln about their experienced dealing with Lincoln Housing Authority good or bad?

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