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All Forum Posts by: Char Silk

Char Silk has started 5 posts and replied 9 times.

Hi! I am a new land lord and am wanting to start doing Section 8

My question is-

If my rent is $725 and the tenant has an $800 voucher- what happens to the rest of the money?

Am I missing what I should be charging? I did Rent O Meter and charged accordingly.

I am purchasing my first Rental. I am looking in Midwest City. Are you investing there?

What is average rent you are charging?

Are you seeing a need for Section 8?

Post: Section8 Rental Rate

Char SilkPosted
  • Posts 9
  • Votes 2

@Patti Robertson thank you so much for your time. I really enjoyed your blog!

Post: Section8 Rental Rate

Char SilkPosted
  • Posts 9
  • Votes 2

I am trying to be a new Section 8 landlord- in researching I found the rates paid. For a 3bd the website says $1074- our small county only had 2 homes for rent and they are listed for $650-

My question is how do you get the maximum rent? My #’s work great at their rate.

Post: Suggestions for Selling My Flip

Char SilkPosted
  • Posts 9
  • Votes 2

@Julie Vasquez thank you for your great input! You should take the leap- you have great knowledge

Post: Would you buy a rental in a flood zone?

Char SilkPosted
  • Posts 9
  • Votes 2

Hi y’all ! I am looking at making an offer on a rental. List price at $57k. Offer $28,500. It’s in a flood zone. Should rent for $800. What do you all think?

Post: Suggestions for Selling My Flip

Char SilkPosted
  • Posts 9
  • Votes 2

@Patricia Steiner thank you so much for your time! I will get our agent on these changes!

Post: Suggestions for Selling My Flip

Char SilkPosted
  • Posts 9
  • Votes 2

@Nick Rutkowski thank you so much for taking this much time to answer- I appreciate it so much.

Post: Suggestions for Selling My Flip

Char SilkPosted
  • Posts 9
  • Votes 2

Help! I am on my 2nd flip in OKC. I can’t seem to get lookers. I’m close to Plaza District. In Crestwood District. Thanks ya’ll!

Anyone have any suggestions?

https://www.zillow.com/homedetails/2433-NW-18th-St-Oklahoma-City-OK-73107/21860860_zpid/