All Forum Posts by: Zach Norris

Hey everyone! I have a single family rental listing in Canal Winchester, it's a 3bed 2.5 bath. I'm getting some interest from Section 8 applicants, and after doing some research I'm getting conflicting information on if a tenant can cover the difference between market rent and their voucher amount. Example below -

Market rent: 1850

Section 8 Voucher: 1450

Tenant: covers 400 difference and pays directly to landlord

Can someone clarify if this is permitted or not? To be clear, I've heard of people doing this. I'm trying to understand if they're doing it under the table because it's not allowed by the housing authority, or if it is in fact permitted - Thanks!!! 

Hey everyone! I'm just getting started with Real Estate Investing and am located in the Columbus, OH market. Interested in connecting and networking with others in the area, so feel free to reach out. I'm looking to learn as much as I can as fast as I can before I start looking for my first rental property. Very excited to be part of this community, and looking forward to working together on a deal in the future. 

Hey @Chris Mason, thanks for your response. What's the reason they aren't usable? Is there any way around it to make it work?

Hey! I'm very excited to be starting my real estate career and am looking at buying my first rental property as soon as I can. I've been reading a ton of the information on BiggerPockets but still find myself without a solid understanding on the specifics of using money from a private lender / investor to finance a down payment for a rental property. 

Somewhere, I read / heard that it wasn't a bad idea for my first purchase to talk to family members about maybe taking a loan out of their retirement account to lend me, which I would pay back with interest. Is this a legitimate route I can take in order to acquire funding for my first down payment? If so, how does that actually work? 

Thanks for any / all responses and advice!!!