First BRRR, rental insight's needed

Fort Worth, Texas
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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First BRRR, rental insight's needed

Matt Miller
Investor · Decatur, TX · Member since 2022 · 8 posts · 19 votes

Hello friends! 

I am nearing completion on my first BRRR remodel. I have a 4/2 with a flex space in Haslet. I have been through the required training from Tarrant County Housing Authority in case I want to make this property available to voucher holders.

My question for the community is can you share your experience with traditional long term leasing vs. section 8 - were you able to draw a higher rent amount to rough section 8 due to a large portion of the rent being subsidized?

Any words of wisdom, or experiences shared would be appreciated.

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  • RUI LIANG
    Contractor · Dallas, TX · Member since 2026 · 13 posts · 6 votes
    1mo

    I would compare the actual housing authority payment standard and inspection timeline against market rent instead of assuming voucher rent is higher. The vacancy risk and admin time matter just as much as the headline rent.

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  • Dan HandfordPro Member
    Investor · Lexington, SC · Member since 2018 · 779 posts · 501 votes
    1mo

    Matt, I would compare the two options using full-year net income rather than headline rent. For each, include expected rent, tenant-paid utilities, vacancy while waiting for inspection or placement, turnover, maintenance standards, administrative time, and the likelihood of collecting the tenant portion. Voucher rent can be higher in some cases, but the payment standard, utility allowance, inspection process, and property-specific approval determine what you actually receive. The best choice is the one with the stronger reliable net income and an operating process you are comfortable managing.

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  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
    1mo

    There are SO MANY posts about this already!

    How much searching here have you done?

    Here's a recent post:
    https://www.biggerpockets.com/forums/52/topics/1298832-voucher-vs-market-tenants-22-years-of-my-own-data-says-the-stereotype-is-wrong

    [email protected]248-209-6824
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