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All Forum Posts by: Aziz Wali

Aziz Wali has started 3 posts and replied 9 times.

Hi @Daniel B Trader I am looking for hard money lenders too. property under 75K. 

Hello @Preston Schmidt I am looking at 70K for 2 properties. I would appreciate the help 

Hi @Ryan Mainwaring I would appreciate if you could help me with finding private money lender for getting 2 property 35K each in PA. Thank You

Post: Starting real estate with section 8

Aziz WaliPosted
  • Posts 10
  • Votes 3

Hello Guys, 

 Its a pleasure to be around you guys in this group. I am new into real estate and I was think if its possible to start with buying properties and give it to section 8. I am thinking about getting around 5-6 properties by the end of this year. I have found 1 which is 8 bd and 2 bathroom (duplex property) They both are section 8 tenants. the cash flow from that property after expense will be around 750 per month. I was wonder If its possible to make upto 5K profit from section 8 properties a year. I was wondering if anyone is doing this or someone has done this and thinking that it is a good idea. 

Thank You guys 

Depends on the location. I haven't bought the property yet. but looks like the average is around 800 - 1200. The reason I am trying to start with section is because I dont live in that city and I feel like it will be good to get a guaranteed rent from the GOV't rather than the tenant.  

Quick Question: I am newbie in Real Estate and planning on buying a property in PA. I have around 5K downpayment and the property Asking price is 40K. I am planning to use private money lender to get that property for the rest of the money. Will I be able to give that property to Section 8 and get a Fixed rent?

Thank you

Quick Question: I am newbie in Real Estate and planning on buying a property in PA. I have around 5K downpayment and the property Asking price is 40K. I am planning to use private money lender to get that property for the rest of the money. Will I be able to give that property to Section 8 and get a Fixed rent? 

Thank you

@Achillina L Rianto

Hello. I live in 19149 would like to meet up sometime

@David Pere : Hi david. A quick question i am new into real estate and trying to get my first deal. I have 40k cash but my credit score is 630. I dont know if bank will give me anything but lets say i get a property just like yours but how can i get a second property after that becuz i will be paying mortgage to bank and will they give me more loans?