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Updated almost 7 years ago on . Most recent reply
Buying a property that is in section 8
I am considering buying a 4-plex in California that currently has section 8 tenants. Each unit is being rented at $825 and I know that improving the units I can get a rent of at least $975 per unit.
Can anyone please help me with the following questions:
1.-What is the process of moving out the section 8 tenants once their lease expires so I can remodel the units and charge $975 per unit to non-section 8 tenants?
2.-Can rents be increased for section 8 tenants?
Thanks.
Most Popular Reply
Brian Garlington
- Realtor
- Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility
- 2,391
- Votes |
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Why not keep the tenants in place that are on Section 8.....practically guaranteed money......that's what I did.