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[quote=Anonymous][quote=Anonymous][quote=Anonymous]So what exactly is the advice on social media? Just to buy units and rent to Section 8, or is there some additional hack/twist?[/quote]

DP. I've seen this on TikTok as well. The 'pushers' claim that Sec 8 is easy because the govt. guarantees/pays the rent and it is typically above market. No mention of the issues others have raised here, of course.[/quote]

You know what else had the full faith and credit backing of HUD, FHA insured mortgage backed securities. Do you know how that worked out?

I've seen the Tik Tok, they're also advocating for specific loan programs for Section 8. I worked for HUD, DCHFA and DCHA for years in their finance department. You want to be a section 8 developer/landlord? You cannot get rich from this. The regulations and annual requirements, as a landlord, are tedious and you have to work with HUD on a consistent basis (and that's a gamble re who there you work with). And if you decide to sell? You have to give the right of first refusal to the tenant, and many times the tenant will try to hold that up in court.

And I am not even commenting on who the tenants could be.

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