Last week I was in contact with an owner of a 40 unit apartment building in Independence, Missouri. The property was under a HAP program. To be honest, I was not familiar with the HAP program. All I knew is that the H...

Hi all,
I just signed an LOI on a 36 unit property where 2/3 of the units are under HAP contract. I read about HAP online, and what I can find is that I can request annual rent increases but HUD will only pay 30% of ...

I'm under contract on a 24 unit, independent senior housing complex. It currently has a 20 year HAP in place with an annual 1.4% rent increase. It currently has a waiting list and is a 7% cap. Someone mentioned to me ...

I have found a Low Income Senior Housing apartment complex that is operating under a HAP contract from HUD.  This property is in a very tiny town in rural Missouri, and if it were not for the HAP contract, the communi...

I'm under contract on a 24 unit, independent senior housing complex. It currently has a 20 year HAP in place with an annual 1.4% rent increase. It currently has a waiting list and is a 7% cap.
Someone mentioned to m...

Hello BP community,

I purchased my first property in September. It's a 3 family home in Brockton MA and the property came with tenants. One of the tenants is a tenant at will and on section 8. The housing department ...

Does anybody have experience converting a property under the HAP program to market rent?I am looking at a 40 unit in Independence, MO. It is under HAP program. I heard it takes 1 year to convert HAP to market rent and...

We purchased a 3-unit multi-family in 2019 which have two HAP tenants who've been there for 10+ years. We fought to get a rent raise last year since it was about a 120.00 jump per unit, which we finally received. Beli...

I had a Section 8 tenant that died the other day. She had four young children, including an infant. The tenant's sister told me that they would move everything out soon. Today, the tenant's mom called and said that...

We are under contract on a property with an existing tenant that has another 10 months on their lease with a HAP contract. I am unfamiliar with section 8 and we have never owned a property with a HAP contract, looking...