All Forum Posts by: Jeff Bonner

@Account Closed, How did it go? Have you found one? I put an offer on a $100k-ish duplex in my area recently. If it works out, I expect to have to be more hands on than I am with my SF rental, but cash flow potential is so good that I have to try. Should find out today.

I'm considering the purchase of a duplex that has 1 section 8 tenant. The current owner stated that the local housing authority pays 100% of the rent for the tenant. Is this possible, or am I being told a story.

I'll be reviewing the lease agreement soon, but wanted to get some insight here. Any other tips on section 8 are welcome. Thanks! 

Donald Stevens is right on.

I am a property adjuster for an insurance company and I can confirm what he's saying. The exposure on your rental is far lower than that of your rental, but if you were able to back into how the ins co's underwriter is arriving at your rate, you'd probably see that 100k of coverage for the dwelling on a rental is much more expensive than 100k of coverage for a owner occupied residence.