To Section 8 or not to Section 8... That is the question!
Greetings.
I know many investors who detest section 8 Tenants and can't stand or won't rent to them period. They especially hate owning or flipping properties in low income areas that usually have section 8 housing.
Conversely, my mentor who is by all indications far more successful than the majority of local investors has built a very large portfolio in a short amount of time primarily on section 8 tenancy and prefers them to Tenants who are not qualified for section 8.
What's the deal with these two extremes? It becomes difficult to find partners on section 8 deals when it seems most of the investor community has a bad taste in their mouth from it out here in South Jersey.
What does the BP audience think about a section 8 prefirenze?
Thanks in advance.