Its a pleasure to be around you guys in this group. I am new into real estate and I was think if its possible to start with buying properties and give it to section 8. I am thinking about getting around 5-6 properties by the end of this year. I have found 1 which is 8 bd and 2 bathroom (duplex property) They both are section 8 tenants. the cash flow from that property after expense will be around 750 per month. I was wonder If its possible to make upto 5K profit from section 8 properties a year. I was wondering if anyone is doing this or someone has done this and thinking that it is a good idea.
Thank You guys
The idea of section 8 is what originally got us interested in real estate investing. There really is no difference between section 8 and any other housing besides where the money originates from. You may want to be even more picky with who your tenants are since people tend to treat property a little worse if it’s not their money paying for it, but the good thing is it’s guaranteed income since the government does not miss a payment
@Aziz Wali “give it to section 8.” That statement concerns me. No Landlord gives her property to section 8. We simply agree to except the voucher as an income source. 100% of the landlord and is still on you and your tenant is in Alisa same as any other tenant. Don’t go into section 8 landlord in because you think it’s easier. Low income investing in general is not easier pier it requires an astute knowledge of your landlord tenant laws and a lot more time than middle income investing. Just going to this with your eyes open. Go hang out at your Landlord Club meetings and talk to Sec 8 landlords. Maybe volunteer to do some of their property inspections so you can see what you’re getting into.
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