Updated over 7 years ago on . Most recent reply
First Rental Purchase
I am looking to purchase my first 2-4 unit building as an investment based on research, my assumption is there will be holders of Section 8 certificates interested in the areas I am looking to purchase property. Are there any Investors who rent to this segment, I am not sure how you advertise a property for rent is it by market rate or by the rate (which I understand is roughly 110% of MR) you expect to receive through Section 8, if anyone can talk me through this, it would be greatly appreciated.
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- Realtor
- Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility
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Find out what Market rate is....then add about 5 to 10 percent to that. Go onto GoSection8.com in your area and advertise the unit for rent.....they will call you very quickly.......screen the tenants carefully...you want to advertise a little above market rate because Section8 may or may not give you market rate but it's best to start a little high and have them tell you that they will pay you a little lower amount than to start low and have them go even lower on you.....I have section 8 rentals in Ohio and California.