All Forum Posts by: Sergio Diaz

Hey Sergio, I've been investing in Detroit since 2019. My focus was doing off-market BRRRR's and I've built a portfolio of 12-doors. Next month I'm closing on a new duplex.

3 of my 12-doors are S8 tenants. There are pros and cons and it's important to be aware of the drawbacks as well as the benefits.

Happy to send you some resources on S8, the Detroit market, etc.

Travis, Yes please send me those resources on Detroit market. Thank you very much.

0 Votes

Detroit, Michigan

Quote from @Brandon Chen:

Quote from @Michael Smythe:

@Sergio Diaz let's guess, you signed up for an online "guru" course raving about how S8 tenants are suddenly the best thing ever and solve all a landlord's problems?

How much did you drop on their course?

S8 is a TOOL, not a guaranteed solution!

We manage almost 700 doors in Metro Detroit market, 92 are S8, so we are very familiar with the program.

We've got some great S8 tenants, but also some not-so-great ones that abuse the program.

PM us if you'd like to discuss the reality of using S8 effectively...

Can I also PM you? Thanks!

Yes Brandon, please PM. I appreciate all the help.

Thanks

0 Votes

Detroit, Michigan

Quote from @Michael Smythe:

@Sergio Diaz let's guess, you signed up for an online "guru" course raving about how S8 tenants are suddenly the best thing ever and solve all a landlord's problems?

How much did you drop on their course?

S8 is a TOOL, not a guaranteed solution!

We manage almost 700 doors in Metro Detroit market, 92 are S8, so we are very familiar with the program.

We've got some great S8 tenants, but also some not-so-great ones that abuse the program.

PM us if you'd like to discuss the reality of using S8 effectively...

Hi Michael, luckily I did not sign to any guru course on Section 8. I have 3 rentals on 2 different states. Two of them I tried to place them on Section 8, but they get rented before that happened. I see Detroit as a possibility to keep investing. I would like to know more about the neighborhoods. Which one are desire and which ones to avoid.

I do watch James Wise videos. Yes, Section 8 can be a gamble.

Thanks for your response.

0 Votes

Detroit, Michigan

Hi, I am looking to invest in Detroit. I am new to this market and would like some recommendations for agents that work with out of state investors. I am focus on section 8 rentals. Also any investor friendly PM? Any advise is also appreciated.

Thanks

0 Votes

Detroit, Michigan

Thanks everyone for answering mi post. I appreciate your input. I will contact everyone through DM. If anyone anyone has something else to add, I will appreciate too, as I am in the learning process of RE investing.

0 Votes

Cleveland, Ohio

Hi, I am an out state investor. Currently have one property on a different state. Prices are high where I live, so I want to try Cleveland market. My focus is to buy properties that can be rented on Section 8. I need to build a team, agent, lenders, etc. I read on a post that is difficult to finance properties under 100K. That is new to me, as the property that I bought was 123K. I also check the Ultimate Guide to Grading Cleveland Neighborhoods, advising to stay in C and D neighborhoods.

Any advise helps, as I am already looking for properties in Cleveland.

Thanks

3 Votes

Cleveland, Ohio

All Forum Posts by: Sergio Diaz

Sergio Diaz has started 2 posts and replied 6 times.

Post: Investing in Section 8 Detroit area

Post: Investing in Section 8 Detroit area

Post: Investing in Section 8 Detroit area

Post: Investing in Section 8 Detroit area

Post: Start to invest in Cleveland

Post: Start to invest in Cleveland