All Forum Posts by: Kyle Carter

I want to start investing into section 8 housing, and I have heard a lot when it comes to cost segregation and the effect that it can have on one's taxes throughout the year.

I want to know if there is a point where the cost start to outweigh the benefits and if I should just look away from this study all together when it comes to the houses I would be buying.

The houses I would buy are around 100k - 150k and I know the study has its own cost associated with it as well, I just would like to hear the input from the BP community

0 Votes

Quote from @Michael Smythe:

@Kyle Carter we manage around 700 doors, with 92 of them being S8.

When S8 applicants are properly screened, they can statistically perform a decent amount better than cash-tenants.

Thank you so much for your insight!

0 Votes

Quote from @Michael Smythe:

@Kyle Carter recommend you search here on BP for Section 8 threads as there's a lot of feedback already.

Just know this, S8 is NOT a cure-all!

You will be dealing with low-demographic tenants that qualify for S8 for negative reasons.

Being a property manager, do you all attend to section 8 tenants and if so how has that been for you and what are some things the investor can do to make the process easier.

0 Votes

Quote from @Alyssa Wright:

I would definitely recommend looking into the Western Pennsylvania market, especially for Section 8/subsidized housing! At least in the Pittsburgh area, there is a crazy demand for section 8 properties right now and not nearly enough properties for the amount of vouchers out!

If you're ever looking for any additional advice/information feel free to reach out!

Would love to connect, within Pittsburgh I was looking into this area but I was unfamiliar with some of the laws when it came to Landlords and Section 8. I would love if you could help me get a better understanding.

0 Votes

Quote from @Samuel Diouf:

Columbus, OH neighborhoods such as Linden and Hilltop are great locations for section 8 rentals. You can buy duplexes relatively cheap here in Columbus, so they will cash flow quite well. And the city is growing very fast, so you should see a lot of appreciation as well.

You should always make sure to work with someone boots on the ground who has good relationships with the city so they can make the onboarding process seamless. I always recommend finding a good PM to do this.

Thank you so much for your insight, this was extremely helpful!

0 Votes

Quote from @Patrick Drury:

@Kyle Carter
Wherever you decide to invest make sure the property manager is familiar with section 8 and manages section 8 rentals currently in that area. The property manager is the key to your sucess if you are investing out of state in section 8 rentals. They will help you guide you through what needs to be done and schedule inspections.

Thank you so much for this and I definitely agree, by chance do you happen to know any good property managers in the Cleveland/Columbus area that you could connect me to?

0 Votes

I want to start buying houses and placing Section 8 tenants in them, but I need some help figuring out where to start. Specifically, I'm trying to understand where the most outstanding vouchers are being distributed so I can target the right areas. I'm also curious about what the process looks like for other landlords who have gone through this. How do they get tenants in place, and how difficult is it really? I've heard there can be challenges with inspections and paperwork delays, so I want to get a better sense of what to expect and how to navigate those potential hurdles. Can anyone share their experiences or advice on how to make this process smoother?

6 Votes

All Forum Posts by: Kyle Carter

Kyle Carter has started 2 posts and replied 10 times.

Post: Effectiveness of cost segregation study with cheap houses

Post: Effectiveness of cost segregation study with cheap houses

Post: Effectiveness of cost segregation study with cheap houses

Post: Effectiveness of cost segregation study with cheap houses

Post: I want to buy houses and place section 8 tenants into them, where to start?

Post: I want to buy houses and place section 8 tenants into them, where to start?

Post: I want to buy houses and place section 8 tenants into them, where to start?

Post: I want to buy houses and place section 8 tenants into them, where to start?

Post: I want to buy houses and place section 8 tenants into them, where to start?

Post: I want to buy houses and place section 8 tenants into them, where to start?