is section 8 worth the $$$
Im looking at a 4 plex in new orleans, 200K purchase price, current rents are 800 per unit, section 8 potential at 1K per unit....obviously this is lower income...not sure if its worth investing in, the numbers are good but i just cant get past the neighborhood, its not the worst of the worst but i would definatley hire a management company...anyone have good or bad experience with lower income section 8?
Most Popular Reply
I'd be careful. They don't just automatically pay the max. You'll be asked to justify any rent you ask and provide at least a stipulation that you're charging your "normal" rate. If the others are at $800..... :roll: