New to the game

Les Jean-Pierre
Investor · New York City, NY · Member since 2014 · 370 posts · 85 votes
2y
Welcome aboard. I used to do Section 8 in NYC but then it just didn't make sense. I would say it makes sense if what they are paying is close to market. Some of the headaches are inspections(where one person says something needs to be fixed and the next is like the issue is ok), dealing with the office. Do you or are you planning on investing in California? Might not make sense.
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John Key
Member since 2023 · 39 posts · 18 votes
2y
welcome bro! California is such a tough market bro, I would suggest investing out of state!
0 Reply
Account Closed
New to Real Estate · CA · Member since 2023 · 33 posts · 27 votes
2y
Quote from @John Key:

welcome bro! California is such a tough market bro, I would suggest investing out of state!

What makes it a bad market? just curious
1 Reply
Noah Laker
Real Estate Broker · Sacramento, CA · Member since 2021 · 518 posts · 410 votes
2y
Welcome Aubrey! I'm a local broker, investor, and property manager - lots of experience with Section 8.
Any particular reason you're looking at that strategy? It has its benefits for sure, but as with any strategy there are downsides to consider - problem tenants and routine city inspections, namely - I personally invest in STR/MTR properties primarily, or rent by-the-bedroom. Doing very well with those strategies here in Sacramento.
1 Reply
Scott ScovilleBusiness Member
Real Estate Agent · Sacramento, CA · Member since 2019 · 502 posts · 276 votes
2y
Quote from @Aubrey Graham:

Hey fellas! Totally new here, just wanted to introduce my self and get some advice regarding the section 8 game.

Hey Aubrey, welcome! @Noah Laker and I host a meetup in Sacramento for investors. Would love to have you join us. Lot's of experienced folks that can help answer your questions. We meet 1st Wednesdays 6-8PM at Device Brewing Co. (Rush River Drive location). We're taking a break for January, but will be back on our regular monthly meetup in February.

[email protected]415-933-2202
Scoville Realty & Investments LLC
Website View Page
1 Reply
John Key
Member since 2023 · 39 posts · 18 votes
2y
Quote from @Account Closed:

Quote from @John Key:

welcome bro! California is such a tough market bro, I would suggest investing out of state!

What makes it a bad market? just curious

not a landlord friendly state, high taxes, high property prices, saturated market.
2 Reply
Scott ScovilleBusiness Member
Real Estate Agent · Sacramento, CA · Member since 2019 · 502 posts · 276 votes
2y
Quote from @John Key:

Quote from @Account Closed:

Quote from @John Key:

welcome bro! California is such a tough market bro, I would suggest investing out of state!

What makes it a bad market? just curious

not a landlord friendly state, high taxes, high property prices, saturated market.

That's an over simplification. You can succeed in any market with the right strategy. I just had an investor client force appreciate a 6 unit property by half a million dollars in 6 months. Plenty of opportunity in most markets. Just have to think creatively.
[email protected]415-933-2202
Scoville Realty & Investments LLC
Website View Page
1 Reply
John McDonald
Member since 2023 · 158 posts · 96 votes
2y
California is tough right now, especially for a new investor and section 8 has it's own problems on top of that. I agree with everyone here, look out of state(Reno, Vegas) for your first investments. You'll likely have better luck both in the short and long terms.
Good luck.
2 Reply
Julio GonzalezPro Member
Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
2y
Hi Audrey, welcome to BiggerPockets! This is a great place to learn and to connect with people so take advantage of all the great resources.

-Julio
561-253-6640
0 Reply
Jake AndronicoBusiness Member
Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votes
2y
@Aubrey Graham
Welcome to BP!! Curious, what attracts you to Section 8?
415-233-1796
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James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
2y
Quote from @Aubrey Graham:

Hey fellas! Totally new here, just wanted to introduce my self and get some advice regarding the section 8 game.

Section 8 is a very hard way to earn a living. Myself, I love it. I've made millions, but I am an absolute savage. You've got to be a savage when working with Section 8 tenants because they are savage animals man. Most people don't want to, or can't handle it. You've got to think long and hard about how hard you want to work and how emotionally equipped you are with dealing with people who will try to steal from you at any given opportunity.
1 Reply
John Key
Member since 2023 · 39 posts · 18 votes
2y
Quote from @Scott Scoville:

Quote from @John Key:

Quote from @Account Closed:

Quote from @John Key:

welcome bro! California is such a tough market bro, I would suggest investing out of state!

What makes it a bad market? just curious

not a landlord friendly state, high taxes, high property prices, saturated market.

That's an over simplification. You can succeed in any market with the right strategy. I just had an investor client force appreciate a 6 unit property by half a million dollars in 6 months. Plenty of opportunity in most markets. Just have to think creatively.

yeah, i dont disagree, but i prefer investing on state which will benefit me and make the process for me easier.
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