All Forum Posts by: John LaVecchia

@Laticia Braxton What would you consider a "good" credit score for a section 8 tenant?

@Eric Taylor Having an elderly section 8 tenant is a great idea to reduce the risk of damage to the property. I will definitely try to find a solid marketing outlet to that demographic. Thank you for that creative idea to reduce the risk of my investment.

I have limited capital to work with and the idea of buying a property at $25,000 putting about $10,000 into rehabbing the house and renting it for $800 (local section 8 rent estimate) sounds like a great deal. I would hire a property manager experienced in section 8 to guide me through the venture, but I do not want to rely on someone else for the success of my business. Could someone with section 8 experience help me understand how the section 8 program changes the rental process, and if there are any hidden expenses with section 8?

@Andrew Syrios Thank you!

@Donna Allen That would be great! Do you invest in the Lake Norman area, or do you venture out in search of better deals?

Thank you @Dmitriy Fomichenko, I will be sure to explore these resources.