How do i get started investing in section 8 housing?

Question

I have seen some "gurus" on tiktok and dont want to waste 5K+. Can anyone give me advise on how to start off this process or a walk thru of the process i need to do to get started? i am new and have never invested before.

Jerry Padilla · Answer

• Here is a good starting point for your new journey 
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• Speak with a Lender: Start by discussing your financial situation with a lender to determine how much you can afford for a property.
• Set a Budget: Once you know your budget, evaluate the real estate market in your desired area.
• Contact the Local Housing Authority To determine what rent vouchers are available in the area. They can provide information about available properties that accept these vouchers, eligibility requirements, and the application process.
• Search for Suitable Properties: Begin your property search based on the information from the housing authority and your budget.
• Negotiate and Purchase: When you find the right property, negotiate with the seller and complete the purchase process.
• Move-in and Responsibilities: After the purchase, ensure understanding of responsibilities as renters or homeowners, including complying with voucher terms and ongoing property maintenance.

Always consult with local experts and real estate professionals to navigate specific regulations and details in your area.

Ryan Muska · Answer

Talk to the public housing authority representative for the municipality you would like to invest in. You can do this by calling up town hall and asking to be put in touch with them. It may take a few days to have them reach back out to you if you are not able to get in touch with them initially. Then, ask for them to provide you with a step-by-step process it takes to get a rental to be section 8 approved. Part of this is going to be an inspection. Literally print out the inspection report and go through your property grading it based off the inspection report they are going to use. Most likely it won't be up to standards and you are going to need to update/reno