There are a lot of great things that come with renting two Section 8 tenants like an annual guarantee of income once you get a negotiated price on a contract with HUD but this does not negate the fact that there is good and bad to everything and whether that be a cash pay tenant or a Section 8 tenant, it's ALL about the way you do business, and whether or not you have experience to be able to recognize the way that certain things should or should not be handled so that you end up benefiting from the situation instead of losing. let's keep this thread going, if anyone else has any other insights please continue to post this is a great thread because there is a lot of general misconception about Section 8 HUD tenants, properties, and investors, it is certainly a niche market so to speak but if you know what you're doing it can be extremely lucrative.

The exact amount of capital gains you can offset will depend on the cost segregation study results, so it’s crucial to discuss this with your tax advisor to ensure you’re maximizing your benefits while staying compliant.

I also build in Charleston SC again for my own benefit I dont lend there..

Multi family properties can help you purchase a costlier home that you would qualify on your own with as we can use the rental income from the additional units to help you qualify.When purchasing a home using your VA benefits, you must occupy the home for the first 12 months.

The tenants are not working with the owner to create a win-win; they are doing everything they can to benefit themselves while holding his property hostage, probably hoping to procure a bigger payout.I would withdraw all offers and hire an attorney immediately.

Improvements to nonresidential real property, including roofs, generally qualify for the Section 179 deduction, meaning you can potentially deduct the entire cost of your roof replacement in the year you incurred the expense, provided it falls within this limit.So, your roof replacement could indeed be a capital expenditure, but with the Section 179 deduction, you might be able to get a significant tax benefit right away.I hope this helps clarify things for you!

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Here are a few thoughts to consider:Financial Benefits: With your decent W2 job, you’ll likely qualify for a mortgage, and the rental income can significantly ease your monthly expenses.

The negotiation process involved understanding the seller’s needs and highlighting the benefit of a quick and smooth transaction, ensuring a win-win scenario for both parties involved.

He’s older and I’d like my first investment deal to benefit him as well.