All Forum Posts by: Sunghee Shin

@Qui Reyna Hey thank you for your response. What you replied with is actually helpful lol (no darts thrown at anyone with this statement...just saying, dunno how people could take it)

It's a good reminder. 

If I'm replying incorrectly, my bad. I think I'm doing it incorrectly even though it seems easy enough: @(persons name)

Hope more people with experience come through this thread and share. 

@Isaura Orellana Hi there, I've sent you a PM. Hope you got it? 

@Drew Sygit Hi, thank you for your response as well. I understand that S8 tenants may come with certain baggage. And yes, of course, I do understand screening the tenants is pretty much required. Not by the government or of any higher power, but screening should be done regardless considering what we're dealing with. 

You say, yourself, that if done right, S8 could be a good investment. And I believe that as well. Because this is something I'm really considering, I've done research and watched countless videos. Internet can provide a lot of misleading information so everyone should make their best judgement. And be realistic if this is something I (or anyone interested) can do. 

As a PM, have you dealt with S8 rentals before in Detroit? This is not me trying to start something. I'm just asking because I'm here to connect with people that have experience in doing this. I'm not posting a question and asking for people's input just because. I'm really interested in doing this. When the time comes, I'd like to meet with people who I think are qualified and experienced in this category of RE investing. 

 I don't know how to reply properly so I just quoted it lol

Thank you for the response, Isaura! Glad to hear someone's doing well in Detroit with section 8 rentals. I know there are some horror stories out there but these stories can vary depending on how the investor/landlord handles the process. I'm sure there will be headaches along the way but every business has its share. 

Wasn't sure what to expect posting this thread and real glad to see people dropping their input. 

@Carson M. Thank you for your response, I just sent you a PM. 

@Paul S Hi there, I guess you had a bad experience with section 8 investments? 

Section 8 may or may not be a great investment but this response is quite biased. Maybe it's biased because you have experience in this and been through hell.  

I'm aware of the all the cons of doing section 8. I also understand it is for low-income tenants and the tenants could bring a lot of baggage with them (potential evictions, property damage, not getting the money owed, etc). But there are pros to doing this too.

I don't know Detroit very well and I plan on going there to meet with different PM and see their point of view and see if there's potential in all of this. Based on others' success stories, there's reason for me or others interested to inquire. 

Have you invested in section 8 in Detroit, MI? Or is this just a response based on others' horror stories? 

Maybe it is uncommon for people to do section 8 rentals out of state. But I need a more substantial response than that. 

Thanks.
 

Hi there (new to BP here), 

Anyone do section 8 rentals in Detroit, MI? If so, does anyone use PM to manage the properties? 

Soon, I'll have some capital to invest in RE. Been really interested in investing in properties in Detroit and to do section 8 rentals. I would preferably like to do this out of state, which is why I ask about PM. I wonder if it is uncommon for people to do section 8 rentals out of state.

I've heard horror stories and great success stories. I'd like to hear from others who has experience in doing section 8 rentals in Detroit and hopefully some references to PM who deal with section 8.