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Reply to "Section 8 housing investing"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It is all over tiktok and instagram. Does anyone here do it? Listening to these "gurus" it's an incredibly easy way to make money. It seems too good to be true.[/quote] We've done it and know others who've done it. Yes, generally speaking, rental rates are higher for section 8. You used to be able to look on the website and see the rate paid based on zipCode s. The majority of the rent is paid by the government and section 8 tenants typically stick around for years so you don't have typical turnover to deal with. You are able to select your tenant and there are some decent tenants out there. We've had two thus far over the past 15 years. The yearly inspections in DC haven't been so bad. My advice is just because folks on dcurbanmom don't know about it, doesn't mean it can't be lucrative. It actually can be. [/quote] Thank you for letting us know about your positive experiences. Sometimes people who have no experience with the subject post about negative stereotypes they have heard. Usually if the landlord is a decent person who provides the required necessities the tenants will treat them with respect. [/quote] I'd mostly agree with that pre -covid. Post-covid in DC, if you get someone who just doesn't want to pay rent, too bad for you.[/quote]
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