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Multi-Family and Apartment Investing
Account Closed
  • Real Estate Broker
  • Dallas, TX
20
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156
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Section 8 Question

Account Closed
  • Real Estate Broker
  • Dallas, TX
Posted Mar 18 2014, 05:32

If I close on a MF that has one section 8 tenant (whose lease expires at the end of April) and do not renew the lease, does that automatically mean I am agreeing to take on Section 8 going forward? The MF that I am currently purchasing has one Section 8 tenant who is paying about 1/2 of the current market rent for the area. I do not want to take Section 8 going forward so I have been holding out on closing until her lease expires and she moves out. Should I continue to wait until she is gone?

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