All Forum Posts by: Tim Townhill

 It was both, but knowing how they treat property is also a good indication of character despite a poor credit rating

I totally agree - we FaceTime potential tenants to see where they are living - I did the same with my mobile home park

appreciate the guidance- my entry point is around $125k with renovation included in a reasonable area - we shall see

 thats was my gameplay :)

 how did you get on Trenton?

waiting for areas to become gentrified or expecting it to happen is again a risk.  As I said it's about appetite.  My friend has seen and had horror stories - it's the same in any affordable housing market.  I am going in with my eyes open and we shall see - I am a cynic like you, but plan for the worst is my way of viewing the investments

 Hey Ozzy, could you let me know your broker for your insurance?  I have a growing portfolio and need to look at rates.  Than you sir

There is no doubt that REI in Section 8 is risky, but the entry point is attractive with leveraged yields well in excess of what you can achieve in regular REI. The issue is scale. You really need to get to 100 units. That will take probably 5 years. A buddy of mine did build a portfolio of 150 units in Philly (germantown actually) and has created equity of about $15MM over 10 years. There are no get rich quick schemes, and I have built a mobile home park before so understand some of the challenges of affordable housing. Nothing is risk free, it all depends on your appetite/tolerance.

Speak to you in 2027 :)

Hi everyone,

I am starting to build my section 8 portfolio in Baltimore and would be keen to meet any like minded individuals or groups to share any stories or ideas.

tim

Debra, not sure how to private message on this platform, but I have experience, buying/building and selling MHP's.  Would be interested to hear your story