How To Find The Perfect Section 8 Investment Property
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- Опубліковано 27 сер 2024
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In this video, I talk about how to find the perfect Section 8 investment / rental property.
#section8 #section8landlord #section8rental
I’m gonna keep it 100 here. Half way through I was like ok, my man is just keeping it basic nothing more than common sense, then the second half of the video. He started dropping gold nuggets. Lots of value here. I’m subbing for sure!!!!
23 with a 30k net worth and 35k in savings I’m trying to get into section investments ASAP this video helped me out a lot
Glad it helped. Thanks for watching.
I like your postive energy! Thanks for sharing the content!
Great breakdown! I moved back to Jersey for work stuff, and while I was gone (20 months), they started building several townhouse developments along the main drag that I take to work.
There's a lot I miss about MD (especially the food), but it's nice to be only paying for one living space. I just visit a lot now. :)
It's great that you bring up a few different viewpoints. My dad and I get into debates on investing, and I feel like you're in between our extremes.
Best video on how to do this I have ever seen. Thanks!
Thank you. Thanks for watching🙏🏾
My boy i grew up in PG. Great to see a local making these videos.
This is a confirmation because I've been seeing alot of those smaller brick homes for under 200k
New to this. Happy I came across your channel, really useful info.
side note - your drive thru looked like my pops neighborhood
Great video 📸👍🏾
This is one of the best, smartest, Investment Plan Videos on UA-cam. Do you do any private (paid of course) FaceTime consultation?
Thank you for watching and your support. I do consultations for those thinking about buying, selling or investing in real estate because Im a real estate agent in DC, MD and VA. As of right now they’re free. It’s a link in my bio on IG @TimLeak_ where you can schedule.
Subbed. Beautiful video. Thanks for this. Need more realistic videos like this on UA-cam.
Ok... I see you. Learning has occurred. I'd love to pick your brain for an hour or 2. Definitely subscribed.
Great video Tim!
Great video lots of info
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Just discovered you. Just subscribed.
I love this, thank you🙏🏾
Great vid
Very helpful Thank you
Cool video, thank you
thank you just got one
QUESTION- Can you buy a duplex with a FHA loan and after you have satisfied the requirements of living there for some time, could you rent out both units as section 8 properties????
Yes
What about a fourplex
I also have a SFH 4 bedroom 2 bath in an expensive neighborhood location wouldn’t mind putting a section 8 what is the process of getting into section 8!
Question for you timleak. Was looking at Atlanta. Is Atlanta good to invest for sec8?
Great Video
Thanks so much for this video-so many gems. I’m wondering what landlord would want to include utilities as high as they are now. Also, thanks for explaining progression. I would love the benefit of my house appreciating, but doesn’t that mean that my taxes and homeowner’s insurance would rise also? Tfs and subscribed!
Yes, when the house appreciates, it means higher taxes, but they’re only assessed once every 3 years, at least where I live. But it also means it rents for more, which will make you more money. And it also give you the opportunity to leverage the equity that’s in the house, which can lead to a lot more opportunities.
thanks
why do Section 8 and not just regular people? My grandma did it once and she got screwed over, my family is advising against it. what are your thoughts?
How much would the tenant have to pay your the property in your example?
All depends on their income
tim u got some great vids and info would a amazon seller count as work to get a loan?
Thank you. I suppose that if you can prove that you receive consistent income from it, I don’t see why not.
I see a house 179k and has a hoa fee of $38 dollars down payment 35.5k is that considered a good deal? Compared to the info you gave
It depends on how much rental income this house can generate and how much work it needs.
I’m on section8 can I lose it by saving too much money 💰 or by buying too much stocks??? I have one ETF for the record
I think they go by how much money you make that gets reported to the it’s as income.
i got good credit house in family member name 750 no job haven't worked in ten years no money can i get a loan to buy a investment property?. also my son 19 no job no credit but wants to buy to invest can he?
With no job, you’re gonna need at least 20% downpayment, some closing cost money and 6-9 months reserves just to be approved. It would have to be with a hard money lender.
instant sub
Tim,
Do you look at the 1% rule much? Or does it not matter in your market since appreciation is most likely going to happen. I’m going all in section 8 in the Montgomery market
No, I don’t use the 1% rule. For the most part, the real estate market around here appreciates really good. I do try to have a $1000 difference between the rent payments and the mortgage payments tho.
Been looking into buying section 8 housing but how do you get over the moral mental blocks of "im profiting excess cashflow off of the poorest and most struggling" like i wanna be able to push myself from middle class to rich but exploiting people below me feels gross. Do you do lots of repairs, not raise rents more than needed, give people a week or two to gather rent? Just want some tips on how to feel more human while still being essentially a slumlord.
You’re not profiting off of the poorest and most struggling. You’re actually helping them out. The government pays most of their rent and the tenant’s portion is usually very low. I think you’re misunderstanding how section 8 housing works.
Your outlook on what section 8 is incorrect. I will save you time to say this is not for you because of your general outlook on the situation. Your mindset will have you feeling like you are doing wrong when you are doing right and you will find yourself getting used and abused by tenants section 8 or regular tenants. Maybe try to find a part of investing that’s not customer facing like real estate crowdfunding.
Take that shit out of your mind or you’ll never be rich
Its a Business..a PROFITABLE business thats assisting the less fortunate that you maintain for a decent fee
Amazing video, I'm located in the DMV area. I am very interested in becoming a landlord tenant. I would love to chat.
Do you have a course or offer mentorship?
I have a course and also take consultations. Look in the description.
Sorry, I saw that. Thank you!@@TimLeakOfficial
You’re welcome🙏🏾
Hey bro if you dont mind me asking what part of maryland are you in ?
PG County and Charles County
What the website to track zipcode payment by housing authority ?
Go to your local housing authorities website first and see if you can find it there. If not, go to HUDs website. I left a link in the description of the video I did explaining payment standards.
Does Section 8 cover rent as high as 1800.00
Yes, They cover double that in some areas.
🔥🔥🔥
Only 87k down sure buddy
It was just a comparison bud
I think the cash flow was closer to $1200 and not $1700?
$3788 - $2500 (payment) = 1200/1300 CF
Won’t the tenant just pick the best available house since the government pays? I noticed there are hundreds of listings on the section 8 affordable housing website in Dallas, so won’t it take a while to get a tenant?
Can we start some sort of chat and help each other out?