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Updated 10 months ago on . Most recent reply

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Bob Martin
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New Section 8 investor

Bob Martin
Posted

Brand new to this, looking to get my first deal out of state through creative finance or subject to.  Want to use lending to cover down payment and other expenses.  Any advice for first time buyer on where to find private money and/or a good realtor/property managers in my area of purchase.  Also for those with section 8 experience, how much work is usually needed to pass inspection, how long is the property usually vacant for and where can I find assistance for the steps along the way and all the paperwork.  Thank you!

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Samuel Diouf
#4 Out of State Investing Contributor
  • Real Estate Agent
  • Columbus & Cleveland, OH
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Samuel Diouf
#4 Out of State Investing Contributor
  • Real Estate Agent
  • Columbus & Cleveland, OH
Replied

Are you looking for private money to finance the whole deal? Are you thinking of a BRRRR?

When investing OOS, make sure you work with an investor focused agent so you're able to get a good idea of the different areas and make the right investments. For help with the section-8 process, it's very important to have a PM that's familiar and connected with the HUD programs in the selected market.

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