
8 January 2025 | 11 replies
Organizational Delays: Section 8 offices are often overworked and understaffed, leading to slow processing times for new tenants, delayed rent increase approvals, and poor responsiveness.Benefits of Section 8:1.Long-Term Tenants: When you get a good tenant, they usually stay for a long time because of the tedious process required to qualify for Section 8 housing.2.Consistent Income: If Section 8 covers most or all of the rent, you typically receive reliable monthly payments, reducing the risk of non-payment (as long as there isn’t a large tenant portion).3.Lower Barrier to Entry: Because properties in these areas are often more affordable, it’s a good way for new investors to break into real estate without needing a large amount of capital.Overall, I’ve seen the good and the bad of this strategy.

6 January 2025 | 8 replies
If you use a DSCR loan you could maximize the equity you could take out while still breaking even on the mortgage + taxes + insurance.

4 January 2025 | 9 replies
@Hellen Sut in Michigan, once we have a money judgment, we try to garnish: wages, bank accounts and their state tax refund.

5 January 2025 | 24 replies
As a general rule, I tend to vote against anything that favors rent control and will increase property taxes.

27 December 2024 | 18 replies
Some assets can be valued significantly lower than their actual worth because of illiquidity and other factors.

6 January 2025 | 8 replies
The technicals (migration rates, job growth, tax situation, debt cost, etc) to work as well.

23 December 2024 | 12 replies
How is it a tax strategy though?

8 January 2025 | 6 replies
In addition to other tax strategies like a cost segregation study on the fully rented out house.

8 January 2025 | 15 replies
Pretty much the same except you don't own it and would need consent to make changes.Also the owner gets all the tax benefits as they are the owner.

2 January 2025 | 6 replies
@Megan HerringtonBigger Pockets is a great place to find a real estate tax accountant.