Section 8 Investing

[Michelle Dong]

Hi All,

My name is Michelle, I am a local long term SFH real estate investor in South Florida and am wanting to add on Section 8 investing in Detroit, Michigan.

I currently am not knowledgeable on Section 8, but am educating myself.

I am looking to connect with other Section 8 investors to see how they got started along with what resources they used to look at market trends, how to pick the specific hot bed to invest in Section 8, and advice I may need to know.

Thank you in advance.

[Bob Stevens]

Quote from @Michelle Dong:

Hi All,

My name is Michelle, I am a local long term SFH real estate investor in South Florida and am wanting to add on Section 8 investing in Detroit, Michigan.

I currently am not knowledgeable on Section 8, but am educating myself.

I am looking to connect with other Section 8 investors to see how they got started along with what resources they used to look at market trends, how to pick the specific hot bed to invest in Section 8, and advice I may need to know.

Thank you in advance.

 Hi we are neighbors, I'm in Boynton.. I have been doing all my investing in the Cleveland markets for many years, 100s and 100s and 100s of deals. Happy to share my experience 

[Michelle Dong]

Quote from @Bob Stevens:

Quote from @Michelle Dong:

Hi All,

My name is Michelle, I am a local long term SFH real estate investor in South Florida and am wanting to add on Section 8 investing in Detroit, Michigan.

I currently am not knowledgeable on Section 8, but am educating myself.

I am looking to connect with other Section 8 investors to see how they got started along with what resources they used to look at market trends, how to pick the specific hot bed to invest in Section 8, and advice I may need to know.

Thank you in advance.

 Hi we are neighbors, I'm in Boynton.. I have been doing all my investing in the Cleveland markets for many years, 100s and 100s and 100s of deals. Happy to share my experience 

 Hi Bob, you are right around the corner!  I would love to meet up and chat!  What’s the best number to reach out to?

[Bob Stevens]

Quote from @Michelle Dong:

Quote from @Bob Stevens:

Quote from @Michelle Dong:

Hi All,

My name is Michelle, I am a local long term SFH real estate investor in South Florida and am wanting to add on Section 8 investing in Detroit, Michigan.

I currently am not knowledgeable on Section 8, but am educating myself.

I am looking to connect with other Section 8 investors to see how they got started along with what resources they used to look at market trends, how to pick the specific hot bed to invest in Section 8, and advice I may need to know.

Thank you in advance.

 Hi we are neighbors, I'm in Boynton.. I have been doing all my investing in the Cleveland markets for many years, 100s and 100s and 100s of deals. Happy to share my experience 

 Hi Bob, you are right around the corner!  I would love to meet up and chat!  What’s the best number to reach out to?

 Sent PM

[Travis Biziorek]

Hey Michelle, happy to connect if you'd like. I've been investing in Detroit since 2019 and have 12-doors there. Three of those are rented to S8 tenants. I'm overall neutral on the program and never intentionally go after JUST section 8 tenants.

Anyway, there's a ton to unpack here about S8 and Detroit in general.

Happy to share some resources if you'd like.

[Michelle Dong]

Quote from @Travis Biziorek:

Hey Michelle, happy to connect if you'd like. I've been investing in Detroit since 2019 and have 12-doors there. Three of those are rented to S8 tenants. I'm overall neutral on the program and never intentionally go after JUST section 8 tenants.

Anyway, there's a ton to unpack here about S8 and Detroit in general.

Happy to share some resources if you'd like.

 Hi Travis, I would love to connect.  What’s the best number or email to contact you? 

[Travis Biziorek]

Quote from @Michelle Dong:

Quote from @Travis Biziorek:

Hey Michelle, happy to connect if you'd like. I've been investing in Detroit since 2019 and have 12-doors there. Three of those are rented to S8 tenants. I'm overall neutral on the program and never intentionally go after JUST section 8 tenants.

Anyway, there's a ton to unpack here about S8 and Detroit in general.

Happy to share some resources if you'd like.

 Hi Travis, I would love to connect.  What’s the best number or email to contact you? 

 Just sent you a direct message here on BP.

[Mohammed Rahman]

Hey @Michelle Dong - I'm a section 8 landlord in NY. I think the locality of every section 8 office matters. 

For example, I would recommend touching base with local landlords in the market you're wanting to do section 8 investing in to get a feel for how the local section 8 office handles landlord/office relationships. 

I know my local office is a PIA to deal with, but it could just be something similar across the board. 

[Michelle Dong]

Quote from @Mohammed Rahman:

Hey @Michelle Dong - I'm a section 8 landlord in NY. I think the locality of every section 8 office matters. 

For example, I would recommend touching base with local landlords in the market you're wanting to do section 8 investing in to get a feel for how the local section 8 office handles landlord/office relationships. 

I know my local office is a PIA to deal with, but it could just be something similar across the board. 

Thank you so much Mo.  I guess the first step is to make a new post for local investors. I really appreciate the insight.  What are some good questions to ask?  

[Drew Sygit]

@Michelle Dong hopefully you haven't gone and spent thousands on a "guru" program for S8!

It's not a hard program to learn and there are no "secrets" to be successful.

We've managed thousands of S8 leases during our 24 years in the Detroit market, DM us if you'd like to chat.

[Min Zhang]

Hey Michelle, since you're looking at Section 8 investing out-of-state, I'd definitely suggest finding a property management company that knows Section 8 inside out. They can handle everything from tenant screening to property maintenance and making sure you’re compliant with all the regulations. Plus, they can give you the lowdown on the whole process and help you every step of the way.

You've got this! Best of luck with your new venture! Don't hesitate to ask if you need anything!

[Michelle Dong]

Quote from @Min Zhang:

Hey Michelle, since you're looking at Section 8 investing out-of-state, I'd definitely suggest finding a property management company that knows Section 8 inside out. They can handle everything from tenant screening to property maintenance and making sure you’re compliant with all the regulations. Plus, they can give you the lowdown on the whole process and help you every step of the way.

You've got this! Best of luck with your new venture! Don't hesitate to ask if you need anything!

 Hi Min,

Thank you so much. A PM company who focuses on S8 definitely knows the ins and outs of the market. I will start my search there. Thank you once again.

[Michelle Dong]

Quote from @Drew Sygit:

@Michelle Dong hopefully you haven't gone and spent thousands on a "guru" program for S8!

It's not a hard program to learn and there are no "secrets" to be successful.

We've managed thousands of S8 leases during our 24 years in the Detroit market, DM us if you'd like to chat.

 Hi Drew,

Thank you for your response. Luckily I have not spend any money on any "guru" courses. I have also sent you a message.

[Bob Stevens]

Quote from @Michelle Dong:

Quote from @Min Zhang:

Hey Michelle, since you're looking at Section 8 investing out-of-state, I'd definitely suggest finding a property management company that knows Section 8 inside out. They can handle everything from tenant screening to property maintenance and making sure you’re compliant with all the regulations. Plus, they can give you the lowdown on the whole process and help you every step of the way.

You've got this! Best of luck with your new venture! Don't hesitate to ask if you need anything!

g

 Hi Min,

Thank you so much. A PM company who focuses on S8 definitely knows the ins and outs of the market. I will start my search there. Thank you once again.

 Michelle you are months away from closing .1st you need a realtor and get deal, everything else is easy,

Good luck  

[Michelle Dong]

Quote from @Bob Stevens:

Quote from @Michelle Dong:

Quote from @Min Zhang:

Hey Michelle, since you're looking at Section 8 investing out-of-state, I'd definitely suggest finding a property management company that knows Section 8 inside out. They can handle everything from tenant screening to property maintenance and making sure you’re compliant with all the regulations. Plus, they can give you the lowdown on the whole process and help you every step of the way.

You've got this! Best of luck with your new venture! Don't hesitate to ask if you need anything!

g

 Hi Min,

Thank you so much. A PM company who focuses on S8 definitely knows the ins and outs of the market. I will start my search there. Thank you once again.

 Michelle you are months away from closing .1st you need a realtor and get deal, everything else is easy,

Good luck  

 Hi Bob, 

I am not looking to close on any properties right now. I am just looking to educate myself.

[Andrea Sleek]

Hi Michelle!

I'm a Broker and Property Manager in the Detroit market and have 25 years experience with both Section 8 and other types of rentals as well. 

I'd be more than happy to chat about the market, communities, Section 8 and any other questions you may have.

Feel free to reach out anytime!

[Mackaylee Beach]

I strongly suggest familiarizing yourself with the Section 8 program and its prerequisites. Understanding this information can be advantageous, whether or not a property manager is involved.

Being well-informed about the eligibility criteria, application process, and benefits of the Section 8 program can greatly assist you in navigating the housing landscape. For instance, knowing the income limits, family size requirements, and the types of properties that qualify can help you make more strategic decisions. Additionally, understanding the rights and responsibilities of both tenants and landlords under this program can foster better communication and smoother interactions. All this knowledge not only empowers you but also ensures that you can make the most of the opportunities available through Section 8 housing assistance.

Best of luck to you!

[Michelle Dong]

Quote from @Mackaylee Beach:

I strongly suggest familiarizing yourself with the Section 8 program and its prerequisites. Understanding this information can be advantageous, whether or not a property manager is involved.

Being well-informed about the eligibility criteria, application process, and benefits of the Section 8 program can greatly assist you in navigating the housing landscape. For instance, knowing the income limits, family size requirements, and the types of properties that qualify can help you make more strategic decisions. Additionally, understanding the rights and responsibilities of both tenants and landlords under this program can foster better communication and smoother interactions. All this knowledge not only empowers you but also ensures that you can make the most of the opportunities available through Section 8 housing assistance.

Best of luck to you!

Thank you so much for this. Would HUD have this information?

[Drew Sygit]

@Michelle Dong for S8 info, go to Michigan's MSHDA website and that of the Detroit Housing Commission.

[Leroy K. Williams]

Hi Michelle,

Our management company specializes in Detroit Section 8 rentals. As we speak we are helping another BiggerPockets investor with their first Section 8 in Detroit. Inbox me and lets chat.