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Updated almost 2 years ago on . Most recent reply

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27
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28
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Tom Hall
28
Votes |
27
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advice on investing in section 8 tenants

Tom Hall
Posted

I would like to invest in section 8 rentals however i don't have any experience.
I am here to get some advice from experienced people about where can i start and how, and If there is any mentoring courses available that's worth buying...

We all had to start from somewhere looking forward for some great advice!

Most Popular Reply

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401
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432
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Scott Allen
  • Real Estate Agent
  • Columbus, OH
432
Votes |
401
Posts
Scott Allen
  • Real Estate Agent
  • Columbus, OH
Replied

@Tom Hall

Some investors love section 8 and some like to stay away from it.

Pros - it can be guaranteed rent, there is a max amount they are willing to pay on size of the units, most people on section 8 don't want to get kicked off of it.

Cons - the people get their rent paid for free, they can't afford the rent if they get kicked off of section 8, it can be a delayed process when changing ownership of a property, there is an annual inspection that you needs to be done usually to keep the property qualified for section 8

I recommend doing what Patricia said as well.

Best of luck getting started!

business profile image
Reafco - Columbus, OH

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