Section 8 Housing for New Investor
Hello,
I am trying to gather opinions. I have a friend who recently reached out to me and told me his realtor he is working with sent him over a portfolio of section 8 housing. All of the homes when I looked over them with him after Cap X, Vacancy, Loan Costs, and Insurance are going to flow anywhere between $175-$230 a door. He was asking my opinion on section 8 but I have no experience with them. Would anyone be willing to offer me some advice that I can pass on to him.
-Would you purchase these?
-Is section 8 housing good to be into?
-Pros/Cons