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Updated almost 2 years ago on . Most recent reply

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Roohil Hamid
9
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10
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Section 8 Real Estate Investing

Roohil Hamid
Posted

Hi all, I am looking to buy some properties out of state for cash flow. Any city recs? I was looking into Cleveland, I have some properties that caught me eye in the 80-100k range.. I wanted to pick up a few and rent them to section 8. I just wanted to know, how is the rental market? How fast will section 8 tenants apply? Is there demand? Or too saturated?

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Joe Hammel
  • Real Estate Agent
  • Metro Detroit, MI
666
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611
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Joe Hammel
  • Real Estate Agent
  • Metro Detroit, MI
Replied

I have a few section 8 in my Metro Detroit Portfolio. Great Price/Rent ratios (technically #1 in the country...just saying lol) For real though, it has a very strong rental demand, low price to entry, plenty of jobs....and did I mention low price to entry? Just can't beat the cash flow.

$100k a year off 16 properties. Started buying 2019. Here is my portfolio for proof....

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FIRE Realty Team - Keller Williams
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