To be good at Section 8, you have to understand what you are getting into, how the system works, the variability of tenancy, and you need to be on it all the time.I think people keep asking about this because the government pays you.

Real estate contracts in Texas are produced by the Texas Real Estate Commission, ie, the government.

This is the new FinCEN rule where you do have to report beneficial owners or those who have substantial control to the government watchdogs.

Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of the best ways to end up with a much larger net worth at the end of your career.

I would be careful of the folks on here that strictly invest in section 8 as there are a lot of pitfalls when working with government entities and low income tenants.

Unless you do a 1031 exchange you’ll owe about 15% of the gain and 25% of the depreciation to the federal government.

It just seems like there will be many that fail to file their report and I just can't see the government really going after tiny businesses for so much money for something that is so easy to forget to do.

When you talk about average Joe getting a mortgage, that risk usually shifts right away to the federal government, which is not the case with commercial loans.

When someone pays me for an LLC, they are mainly paying for creating the operating agreement that governs the operations of the LLC.

Demolition and Property Safety:If a home doesn't meet safety standards after a tornado, the process for demolition typically falls under local government jurisdiction.