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?
@TimLeakOfficial2 күн бұрын
Most likely, the lender will require a 20% down payment if you don’t plan on living in it.
@user-fw9gp8wg7f5 күн бұрын
All it takes is one black owner to prove it’s not racial discrimination
@user-fw9gp8wg7f5 күн бұрын
Seven kids?!?!
@rolandostaelena5 күн бұрын
excellent common sense advice. well presented.👍
@TimLeakOfficial2 күн бұрын
Thank you.
@-Silly-Willy-07 күн бұрын
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
@BRIFFDOGG7 күн бұрын
Is it possible to get a loan with no credit with 20 percent DP?
@TimLeakOfficial2 күн бұрын
Yes, a DSCR loan with a hard money lender.
@Shanda-ij5ev8 күн бұрын
Nice
@TimLeakOfficial2 күн бұрын
Thank you.
@thesunisbright8 күн бұрын
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?
@thaddeus151910 күн бұрын
What is the housing authority reasoning / perspective on this issue?
@TimLeakOfficial2 күн бұрын
They know most landlords don’t want to pay their tenant’s utilities, therefore, by overpricing the utilities, it will be a bigger chunk of money off of the rent price the landlord can charge.
@thaddeus15192 күн бұрын
@@TimLeakOfficial but what behavior does it incentivize to LLs?
@thaddeus151910 күн бұрын
Straight value add minute by minute. Refreshing breath from other S8 LL videos.
@TimLeakOfficial2 күн бұрын
Thanks
@Patsworldbaby10 күн бұрын
I’m about to get my house for 100k 3 bed 2 bath 1,400 sqft. Not to bad.
@michaelholmes673111 күн бұрын
Do you manage property? If so how much would you charge to manage a property ?
@TimLeakOfficial2 күн бұрын
Currently, I only manage my properties.
@michaelholmes67312 күн бұрын
@@TimLeakOfficialI wanted to take a moment to express my sincere gratitude for all the support and guidance you've provided for those who attend your channel . Your assistance has been invaluable, and I truly appreciate the time and effort you've dedicated to helping me.Thank you once again for everything. I hope to pass my inspection on the first try!
@TimLeakOfficial2 күн бұрын
Thank you so much🙏🏾. Good luck.
@michaelholmes673115 сағат бұрын
I passed!!! On the first try. Thank you!
@vrgolfer11 күн бұрын
how many properties will you personally help me find and close on with the course?
@TimLeakOfficial2 күн бұрын
With the course, I teach you how to find properties and what to look for but you’ll ultimately have to find your own properties. I will help you analyze deals and see what makes sense for you and your strategy though.
@teddyflowers279812 күн бұрын
Do you know?
@newtinslaw762312 күн бұрын
What area of Houston is this ? Do they rent by zip code ?
@TimLeakOfficial2 күн бұрын
It’s the Clark Springs neighborhood. Yes, they rent by the zip code but they’re separated into tiers.
@Sonia-Batista12 күн бұрын
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
@PABLOBLAZE14 күн бұрын
Does any one have experience doing this in South Dakota/ Midwest?? Thank You
@Leannot3514 күн бұрын
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
@williamnesh22315 күн бұрын
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.
@Sendupprayer17 күн бұрын
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.
@TimLeakOfficial17 күн бұрын
The housing authority is definitely screwing us landlords and tenants.
@SendupprayerКүн бұрын
@TimLeakOfficial stop using them they can't screw you then or do you just want something to complain about. Most of your videos are so negative 🙄 😑 😒
@TimLeakOfficialКүн бұрын
@@Sendupprayer I actually enjoy helping low income families, which is why I use them. But most of my videos are not negative, that’s an outright lie. Thanks for watching.
@Sendupprayer19 сағат бұрын
@TimLeakOfficial I'm not a dedicated watcher. I was looking for information and I came across your negative videos. I appreciate the fact that you have time to respond to my messages. It let's me know you don't handle criticism well and your not that busy.🤔🤔🤔
@TimLeakOfficial19 сағат бұрын
@@Sendupprayer But that’s the thing, my videos are not negative. They actually offer a lot of value, which is why people watch them. You’re judging me off of one video in which I’m calling the Housing Authority out. And I admit, I’m not that busy🤷🏾♂️. I’m have a lot of time on my hands. But I appreciate you taking the time out of your busy, hard-working schedule to leave multiple comments under my negative video. I love to respond back to my fans. Thanks for your support🙏🏾
@fuzzygreysocks18 күн бұрын
Doesn't that 75% refi create a monthly mortgage that barely cash flows over rent?
@TimLeakOfficial2 күн бұрын
Nope. We refinanced in 2021 at a 3.75% interest rate. Mortgage payment is $1686, collected rent is $3083.
@LifeWisdomTVКүн бұрын
What about 2024
@huskerfootball4219 күн бұрын
Illegials have it better than our own citizens. Thanks biden
@Gshkent20 күн бұрын
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.
@TimLeakOfficial20 күн бұрын
@@Gshkent my tenant’s portions to me are all less than $45 a month. They basically have a free place to live. What are you doing to help low income families who can’t afford to pay rent or buy a house???
@Gshkent20 күн бұрын
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.
@M_B_Bostons20 күн бұрын
I have money and I’m ready to invest
@bobslydell80621 күн бұрын
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.
@TeOriwaWaiariki-qr3ch21 күн бұрын
Tenants a like a Box of Chocolates. You dunno what you gunna get❓️🤷🏾♀️🤷🏾♂️
@CreativeMining41323 күн бұрын
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.
@bobslydell80623 күн бұрын
If you have a brain in your head, take it from someone who knows. Keep low grade section 8 criminality out of your neighborhood
@TimLeakOfficial25 күн бұрын
Get $100 OFF of the Section 8 Investor's Course with Coupon Code: 100OFF ⬇️⬇️⬇️ section8academy.podia.com/the-section-8-investor-s-course
@user-ww6mj8ju9c25 күн бұрын
They make it so bad for someone who really looking!!
@SamRexford26 күн бұрын
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?
@keeleehudson27 күн бұрын
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.
@gregrothfuss26 күн бұрын
I’ve had a similar credit score before.. keep focused on it, it’s not the end of the world! Also look into the section 8 Homeownership voucher program if you haven’t already. Instead of helping with rent, they can help you buy a house. Keep your head up! 💪
@judyhall807427 күн бұрын
Hi Tim, thank you for going deep and keeping it real. I appreciate!
@ashblond628 күн бұрын
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
@praisingecho33729 күн бұрын
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! 😎😎
@TimLeakOfficial29 күн бұрын
@@praisingecho337 My security deposit started at $3000 from my Houston property. I had to lower it to $1500. I probably could have gotten $2000 though. If you list around tax return time, $3000 shouldn’t be a problem.
@praisingecho33728 күн бұрын
@@TimLeakOfficial You think 5 Bedrooms are a good floor plan option to go? We don't see many of these on the Houston market or are they even in demand? (p.s. tenant needs lots of kids) ! Thanks again!
@TimLeakOfficial28 күн бұрын
@@praisingecho337 the most common voucher size is 3 and 4. There are some 5 bedroom vouchers out there but it’ll be like 8 people on the voucher.
@5699CARАй бұрын
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.
@estherrayosАй бұрын
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
@vibetribezАй бұрын
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.
@edwardnobles6418Ай бұрын
Put on your shoes and go to work.
@TimLeakOfficial25 күн бұрын
lol…I do work.
@Jrnosef19 күн бұрын
Did he not say he was a real estate agent in the video?? Oh wait he did
@TimLeakOfficial2 күн бұрын
@Jrnosef your point???
@Jrnosef2 күн бұрын
@@TimLeakOfficial I meant the guy told you to go to work after you clearly said you’re a real estate agent, implying you do work. He is dumb
@TimLeakOfficial2 күн бұрын
Oh, my bad…lol. Yeah, he must’ve missed that part.
@tricey_mylifeinmotionАй бұрын
👍🏾Very informative, thank you.
@7SideWaysАй бұрын
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.
@SOONERSWEEKLYАй бұрын
So the utility allowance comes off whatever you negotiated rent to be?
@paradise6606Ай бұрын
Section 8 just make tax payers pay for non tax payers.
@marlondavis5128Ай бұрын
I hate neighbors!!! Leave my money alone forget you and your car!!!
@rentalpropertyprep126Ай бұрын
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.
@cdrone4066Ай бұрын
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.
@Leannot3524 күн бұрын
I don't blame you what they're not supposed to do it's supposed to be a good quality of life they will ruin your life and control it till there's no living anymore, I trusted them for years, an 8 years of living hell in harassment, pure hell like you wouldn't believe
@db.3253Ай бұрын
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.
@markspringer486Ай бұрын
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
@markspringer486Ай бұрын
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