Section 8 BRRRR Strategy question

[Kurtis Montgomery]

I am close to closing on a partner deal with a Section 8 house that needs just as much rehab as the purchase price. The house is just over 1,000 square feet, 3 bed 1 bath sitting on a double lot. My partner is financing the PP and rehab and I am doing the construction and management. We are splitting the cash flow 50/50, and since my partner is putting up all the cash, there is no mortgage to pay back. I have never been landlord, mostly just project managed residential construction. I am looking for advice on this subject as I am a newby in this part of investing. The construction will be fine, I am used to that. It is looking for section 8 tenants, screening tips, and general advice on this deal. Here are the numbers: PP - $16,000 Rehab - $20,000 ($5k contingency) In the zip the house is in, 3 beds get $940/month max voucher I believe.

[Jean Pierre]

I like section 8 a lot. Money is always on time and believe it or not there are some good people on the section 8 program. I use http://www.gosection8.com to assist me in my search for tenants. You will get a lot of response thru that site then you will have to weed out the bad ones and move forward with the good ones