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Updated over 1 year ago on . Most recent reply
advice on investing in section 8 tenants
I would like to invest in section 8 rentals however i don't have any experience.
I am here to get some advice from experienced people about where can i start and how, and If there is any mentoring courses available that's worth buying...
We all had to start from somewhere looking forward for some great advice!
Most Popular Reply
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Some investors love section 8 and some like to stay away from it.
Pros - it can be guaranteed rent, there is a max amount they are willing to pay on size of the units, most people on section 8 don't want to get kicked off of it.
Cons - the people get their rent paid for free, they can't afford the rent if they get kicked off of section 8, it can be a delayed process when changing ownership of a property, there is an annual inspection that you needs to be done usually to keep the property qualified for section 8
I recommend doing what Patricia said as well.
Best of luck getting started!
- Scott Allen
- [email protected]
- 614-698-1227
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