Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Isaac Worley
0
Votes |
2
Posts

Section 8 Eviction - Moral Dilemmna?

Isaac Worley
Posted

I'm looking to purchase two properties locally that I plan to BRRRR. All current tenants are on month to month leases, have a disability, and are part of Section 8.

Id like to purchase one property for 70k, rehab for 30k and refi for 150k. This is a perfect opportunity.

My issue:

Tenants have occupied their units (3 total) for 10+ yrs.

This is a rural town with a population of 5,000 people. Rentals are extremely scarce. Section 8 housing is almost nonexistent.

If I follow through and BRRRR this property I will have to evict these disabled tenants into the toughest local rental market I've ever seen.

Is there a way I can morally tackle this deal? I feel conflicted - the property will likely be sold whether or not I purchase it. Is there a way to help them relocate? I’d hate to make people homeless so I can make a quick buck. Advice?

Thanks!

Loading replies...