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All Forum Posts by: Derrick Craig

Derrick Craig has started 116 posts and replied 927 times.

Post: New Guy From Houston!

Derrick Craig
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

Welcome to BP, RJ

Post: New from New York

Derrick Craig
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

Welcome to BP!!

Post: New member from the Virgin Islands

Derrick Craig
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

Welcome to BP!

Post: About to retire from job to Austin

Derrick Craig
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

Welcome to BP!!

Post: Small Family, Big World

Derrick Craig
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

Welcome to BP!!

Post: Rookie from Mobile, AL

Derrick Craig
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

Welcome @Alex Flowers

I am sure you will find some good deals... Keep me posted on what you come up with. I would like to see what Mobile has to offer as far as good Section 8 Rental markets. I am just addicted to Guaranteed income!!

Thanks

Derrick

Post: New to investing, Boston area

Derrick Craig
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

Welcome @Chris Ellis

Post: Section 8.. good idea or bad?

Derrick Craig
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

It has been GREAT for me!! Make sure you screen your tenant and I inspect the home monthly. When a Sec 8 tenant looses his or her job Housing Authority pays more of the rent you still get PAID!!! On the other hand when a CASH paying tenant looses his or her job you more than likely have to EVICT them!! I hate to say it but we ALL know this is true!!

I definitely would not put all my eggs in one basket to better protect yourself 20-30% section 8 and the other 70% cash paying tenants is a good formula kudos to @Franklin Romine we are on the same page!!

Post: Newbies to Real Estate!

Derrick Craig
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

Welcome Christy!!

Post: How Should/Could my friend invest in RE?

Derrick Craig
Posted
  • Memphis, TN
  • Posts 969
  • Votes 524

@Dawn Anastasi

I totally agree "NO INVESTMENT IS WITHOUT RISK"

Even when I think I have seen it all after 8 years of investing there is always something I learn each day during my real estate investing.