section 8 in houston texas
Hi everyone,
After listening to the recent podcast with Joe Asamoah, I was inspired to look at Section 8 more closely as a viable long term rental model.
I am interested in buying a house in Houston that is 5 bd and 4 bath, and then renting it to Section 8. I looked at the City Metropolitan Housing Authority and vouchers for 5 bd in this particular zip code is approx $3200. The house is listed for $290,000. Perhaps, I could make a 6th bedroom and get $3600.
I do not have any experience with Section 8 other than reading The Smart Section 8 landlord. Is there anyone in Houston or Sugar Land that is implementing this strategy and does it work? Are there any pitfalls?
Your input is kindly appreciated!