Low Income Investing

[Paul Bermingham]

I've decided as I start to expand my real estate portfolio, I currently have one SF rental property, and I intend to focus on low income housing. I will be using 3-5 bedroom SFHs to BRRR with section 8 tenants. My intention is to provide low income families with middle class accommodations in safe neighborhoods with above average school districts.

I grew up in a poor family with the help of government assistance. For us, that meant substandard living in less than desirable areas.

I recently purchased a house in Hanahan, SC as my primary residence due to Berkeley county's section 8 guidelines. I intend to renovate it over the next 6 to 12 months, move, and turn it into a rental.

I have heard of this method being used successfully in high income metropolitan areas. Does anyone have experience using this method in middle class suburban areas? I am also looking for advice for section 8 screening processes and any strategies that have been proven successful with low income rentals.

I'm sure their are plenty of people who think that focusing on section 8 tenants is less than wise and please feel free to share that advice as well. At the end of the day, helping families to improve their lives and the future of their children is just as important as financial freedom... in my eyes.

Paul

[Leslie A.]

@Paul Bermingham. I haven’t done this, but there is a book called The Section 8 Bible. I thought it was excellent