Section 8 General Questions

[Jimmyhee Quach]

Hello,

Newbie "Potential" Investor here looking for some help!

Pursuing a deal in the Sacramento, CA area and exploring Section 8 as a potential way to ensure steady rent  for the property. 

Have been researching through the Affordable Housing website, but have a question wanting some clarification:

Does the Housing Authority benefit from rents at all? For example, if rent is $2000, Section 8 pays a portion and tenant pays the balance. Does the Housing Authority take a cut of that rent? If so, what's the typical percentage range? 

Any general pit falls or things to look out for when trying to pursue the use of Section 8?

Happily welcoming any pointers!

Thanks,

Jimmy