Great video 👍 will I still have to put a 20% down if I am not intending to live in it at all or is there any benefits to put a lower down payment since the intention is to rent it out to a section 8 tenant?

All it takes is one black owner to prove it’s not racial discrimination

Seven kids?!?!

excellent common sense advice. well presented.👍

Section 8 causes rent to rise. My rental goes for $1300 but if I did section 8 I’d get $1710. I can’t do it because I’m not for government assistance for people who can work but choose to leach. Creates laziness

Is it possible to get a loan with no credit with 20 percent DP?

Nice

if your public housing landlord is a slumlord or whatever, sue him! if you cant, just find a job like everybody else what other option is there? fighting all the time?

What is the housing authority reasoning / perspective on this issue?

Straight value add minute by minute. Refreshing breath from other S8 LL videos.

I’m about to get my house for 100k 3 bed 2 bath 1,400 sqft. Not to bad.

Do you manage property? If so how much would you charge to manage a property ?

how many properties will you personally help me find and close on with the course?

Do you know?

What area of Houston is this ? Do they rent by zip code ?

Over here, section 8 does not cover water and sewer at all. I, the tenant, pay for water and sewer separately. I live in a community. But yeah, according to what ur saying. De toon 8 is not being fair

Does any one have experience doing this in South Dakota/ Midwest?? Thank You

They purposely had my ceiling caved in and got me trapped in this apartment will not let me move they cause devastation to my life and my family in my home they are evil

omg you tim are a heaven sent. thank u so much for this video. About it im a section 8 hcv participant in illinois and i had my first 2 year inspection i passed that. then right after that i had my qc inspection that i was freaking out because i never had that type of inspection so because of you and your video i passed my qc inspection which is a great way to be on the good foot with any housing authority that i can take care of their unit and it also shows that my unit is being properly taken care of according to the govt that my landlord is doing their job, maintenance of the unit is in good standing and that whenever i want to port i have a good report to follow me. God bless you tim and yes it would be a dream come totally true to be a tenant of yours because i appreciate your hardwork and information that you put out and your units are off the chain like a family dont have to struggle and everything feels like home in your units.

You know, I don't even wanna.The blessing is that there is a section 8 program in the first place.Nobody is screwing you because you don't have to use section 8 rent out your property.

Doesn't that 75% refi create a monthly mortgage that barely cash flows over rent?

Illegials have it better than our own citizens. Thanks biden

Sooooo. You aren’t making money off those section 8 properties? You are garenteed a portion of the rent and the renters are responsible for the rest… So when you bought that property and renovated it did you not get a higher value of the property from when you went back to the bank? Did that tax free cash not go in your pocket paying for the renovation? Is the rent you get each month not paying for the mortgage and also giving you passive income? Just because you do section 8 doesn’t mean you ARENT leeching off of hard working peoples money to make your OWN income. That’s why people say landlords are parasites. You do nothing to earn that money except for the fact that you could afford to buy the property. So just because you own it means that you can make other people pay MORE to live in a place they will never own. Maybe you aren’t a slumlord and fix any problems that arise in the building, don’t tack on late fees if your tenant is a few days late from rent, you keep everything up to code and in good working order (because it’s law that you have to make it habitable… but don’t sit there thinking you aren’t making money off your tenants. I agree you aren’t the whole problem but you’re part of the problem.

Sooooo. You aren’t making money off those section 8 properties? You are garenteed a portion of the rent and the renters are responsible for the rest… So when you bought that property and renovated it did you not get a higher value of the property from when you went back to the bank? Did that tax free cash not go in your pocket paying for the renovation? Is the rent you get each month not paying for the mortgage and also giving you passive income? Just because you do section 8 doesn’t mean you ARENT leeching off of hard working peoples money to make your OWN income. That’s why people say landlords are parasites. You do nothing to earn that money except for the fact that you could afford to buy the property. So just because you own it means that you can make other people pay MORE to live in a place they will never own. Maybe you aren’t a slumlord and fix any problems that arise in the building, don’t tack on late fees if your tenant is a few days late from rent, you keep everything up to code and in good working order (because it’s law that you have to make it habitable… but don’t sit there thinking you aren’t making money off your tenants.

I have money and I’m ready to invest

You forgot to mention the Biden administration who ordered eviction moratorium and sent relief checks to tenants who went to Disneyworld instead of paying your rent. And yet, they remain protected, at the LL expense. You’d be insane to rent anything market rentable to entitled unemployable losers.

Tenants a like a Box of Chocolates. You dunno what you gunna get❓️🤷🏾‍♀️🤷🏾‍♂️

I thought to qualify for Section 8, the applicant needs to have no criminal record. If so, how did she get approved for Section 8? Aren't these housing authorities government agencies? Their background checks should be more extensive than the background checks landlords do.

If you have a brain in your head, take it from someone who knows. Keep low grade section 8 criminality out of your neighborhood

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They make it so bad for someone who really looking!!

Great video thank you. What is the website/link to HUD rental price data that you showed wich shows areas around the country and how much they pay?

I’m section 8. I lost everything in 2020, and had a nervous breakdown. I’ve been working on my mental health and I just graduated with my associates degree. My credit is 580 bc of my 2020 car repossession and eviction. I clean obsessively.

Hi Tim, thank you for going deep and keeping it real. I appreciate!

wow you all get high utility allowance in calif for electricity is only 28 which your average bill is way over 100 my moms is 700 this month and water is only 28 and trash is 40

Thumbs up from Houston~!! Converting a 4 Bedroom into a 5 Bed, as we speak! Should we be concerned about whether a prospective tenants can afford a near $3,000 security deposit or is that an key interview question? Any quick advice would be GREAT! Love for you to do more Houston content! 😎😎

In my experience the tenants can be an issue, but the agencies are a headache to deal with. Poor customer service, poorly trained, and lack of experience.

Section 8 fraud at the Mayfair - subletting scheme exposed at the Grand hotel in Los Angeles as well - forcefully throw you out so that someone else can just takeover with your information and benefits - they bring in street rats to threaten and steal from the clients and use the computer room as a scammer central station giving housing to illegals and criminals first

Listen you're already making $$$ off the tenants. Why complicate things? Get you a MRO account, and get new appliances for pennies on the dollar, and include them in the home. All appliances have multi year warranties. Why nickel and dime the tenant? Stick to the lease. They pay rent, utilities, and landscaping. That's it, move on to the next.

Put on your shoes and go to work.

👍🏾Very informative, thank you.

21 yrs and never called myself a LL because of this. I was just another working stiff for the PM driving a beater. Never outclass your tenants.

So the utility allowance comes off whatever you negotiated rent to be?

Section 8 just make tax payers pay for non tax payers.

I hate neighbors!!! Leave my money alone forget you and your car!!!

Like the video. Only concern is not factoring in Management fees and I think CapX. For a lot of new investors, they may not take on the management initially so that will eat into the cash flow, making all these deals negative.

I would never rent to a section 8 tenant, I’m in NEPA, I would take less rent before I get involved with the government.

Does section 8 pay by the bedrooms based on tax records OR what the property actually has when they come inspect the home?? I see homes I want to buy that say 3 beds on the listing but tax records say 2 bed. Please help. Thanks.

Okay riddle me this. How many black families do you rent on section 8 and how do they leave them when they leave? Because of being a landlord I only had one section 8 and that was the only place that didn't pay their rent most of the time they were two to three months behind and when I got him out of there they ruined the house even though the day before they moved out the house was fine. These people think they deserve everything and when they don't get it they will ruin what you have. And I'm talking single black mothers with a litter of children

My parents were landlords and all they got was headaches out of all the black people that moved in to a beautiful place in within a year it looked like it should be torn down. And that's not the worst of it, when they moved out they were 5 months behind in rent. But we're able to rent another house in section 8 saying that my dad's house was in disarray, what they don't say is they don't show the before picture when they moved in in the after picture when the black people moved out. They don't give a s*** because I've never owned anything in their life or no accountability to their actions they're just haters that think that they deserve everything for free. Taxpayers are getting sick and tired of these lowlifes spitting out kids so they can make money on it because they definitely could care less about the kids because when they get of age they kick them out because that was their money piece. Don't get me gone I've been around rental property all my life and having to fix it up and I will tell you this I've never had a white hispanic Chinese or any laughing like that do the things that black people do when they move in and move out of a rental, especially section 8 women with 5 to 6 children and 5 to 6 baby daddies. Where's the daddies. You probably don't even know their names. This has been going on for 60 years now so for sure it was taught by The Mamas to the children because I know the fathers aren't there