Section 8 stability / piggy-back

[David Epstein]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $103,000
Cash invested: $25,000

Great, well-maintained single family house with a long term section 8 tenant that takes pride in their residence. Great relationships with property management company and the tenant that has helped maintain value and enjoy appreciation while receiving positive cash flow. The property has become an ideal "piggy bank" for cash out from time to time to purchase additional properties.

What made you interested in investing in this type of deal?

I live overseas and travel / transfer quite frequently. As such, turnkey at the time was an ideal option given the demands on my time and my relative inexperience. Lower entry point to the market and the market met my criteria: diverse private-sector economic opportunity, military presence, millennial growth / presence.

How did you find this deal and how did you negotiate it?

Roofstock. I was one of their earlier clients. Would use Roofstock again for the right property.

How did you finance this deal?

conventional 20% down.

What was the outcome?

solid cash flow and appreciation.