Investing in Rental Property

[awsmith4]

Originally Posted by mosesbotbol

Section 8 is the easiest rental as long as the numbers work

Moses is right, and Section 8 does not only apply to bad areas. In most cases it is a voucher program where the tenant asks for assistance and is allowed to find a place they want to rent. Once the tenant finds a place and a landlord that is willing, the govt. agency will determine if the property is priced fairly compared to other rentals in the area and perform an inspection to make sure it is up to their qualifying code (which is not that stringent). Once the tenant is in they have to pay a portion of the rent and the government pays a portion. Section 8 tenants are, most cases, no harder to evict than non assisted tenants and as a landlord you have part of the rent guaranteed. The amount of assistance given is normally based on family size and income level.