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Reply to "Section 8 housing investing"
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[quote=Anonymous][quote=Anonymous]My mom doesn’t have a section 8, but we do rent out a house in a very low income area, I think it is difficult to be a hands off landlord in these cases. My mom hand picked her current tenant (elderly woman and her special needs son) and we have never had a problem and we aren’t slumlords and we take good care of it so we maintain a good relationship. Not all poor people are bad tenants, but being hands off is how you end up being the landlord of a crack house.[/quote] Same poster, but I would simply be careful about owning homes in difficult areas like this, ours is inherited and we still have family in the area so we are able to get insider information on the people were are dealing and have some price flexibility since the house was paid off. I would not go into a random hood and buy a house, you have to know who you are dealing with.[/quote]
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