Building a Section 8 Portfolio

[Tim Townhill]

Hi everyone,

I am starting to build my section 8 portfolio in Baltimore and would be keen to meet any like minded individuals or groups to share any stories or ideas.

tim

[Travis Biziorek]

Quote from @Sebastian Bennett:

@Tim Townhill  please report back to us in 3 years and let us know how these section 8 investments are working out (especially if they are single family). I almost made the mistake of paying a Philly guru who was going to teach me the ins and outs of buying section 8 homes and after reaching out to others on BP who invest in better market real estate, realized its incredibly risky.

I have 12-doors in Detroit, 3 of which are rented to S8 tenants and have been for nearly 5 years now.

The experience has been pretty solid for me. Yes, annual inspections can be annoying but it's not a big deal.

As far as paying a guru to teach you how to do S8. It's not complicated. Buy a rental, find a S8 tenant, sign a lease, submit paper work to the housing authority, wait for inspection, fail inspection, fix issues and schedule next inspection, pass inspection, move tenant in, done.

There, I just taught you how to do it :-)