All Forum Posts by: Aaron K.

I'm new to this also, but from my research it looks like those are some decent markets for section 8. Not sure how saturated they are in terms of outstanding vouchers and demand.

0 Votes

Quote from @Bryan Hartlen:

@Aaron K. by all accounts they are still backed up. So far we haven’t had any of our 2023 re-inspections (not that we’re complaining). Our PM company now suggests where possible to find private payer tenants because of the delays in placement inspections.

Wow, I wonder how much of that is attributed to the slow moving housing authority versus the flock of section 8 investors to Birmingham saturating the market.

1 Vote

Birmingham, Alabama

Quote from @Steven Barr:

Birmingham is a very tough market. You can’t go by “area” or even “pockets”. It’s street by street. One street makes a world of difference between minor and major crime.

For section 8 specifically, lots of West coast investors came in over the last few years and bought a ton of homes which has given Sec 8 tenants a ton of supply to choose from. Very common to see them stay in a house for 1 year there, trash it, and move to next one

Not to say you can’t make it work, but much harder than just going on Zillow or to a wholesaler, buying a 70k property, and cashflowing

West Coast investor here! That's exactly what I was thinking, I'm assuming that Memphis TN has the same thing going on with S8 investors flocking over there to pickup 60k houses to put on the HCV program.

2 Votes

Birmingham, Alabama

Hey Bryan,

Are you still operating in Birmingham? Wondering how the Housing Authority is moving along now that COVID has passed. Is it still taking a long time?

1 Vote

Birmingham, Alabama

Quote from @Arsen Atanasovski:

Absolutely

Wow, that is quite absurd. 30,000 voucher holders with no where to go? How did you get this info? Whenever I called the Southern Las Vegas Housing Authority to ask them how many voucher holders they have who are currently in possession of a voucher with no where to go they would never give me an exact number.

1 Vote

Quote from @Arsen Atanasovski:

Let me just say there is 30,000 section 8 open contracts in the city of Detroit maybe that might turn some lightbulbs on lol

Hey Arsen can you elaborate more on what this means? Do you mean there are currently 30,000 Section 8 voucher holders with no where to go due to a lack of section 8 housing or something else?

7 Votes

All Forum Posts by: Aaron K.

Aaron K. has started 0 posts and replied 6 times.

Post: Finding Section 8 markets that tick off all the boxes...

Post: Birmingham, AL Section 8 status?

Post: Birmingham, Alabama Over saturated Section 8?

Post: Birmingham, AL Section 8 status?

Post: Best State/City for Section 8

Post: Best State/City for Section 8