Section 8 investing isn’t as scary as it seems. Most landlords will opt to not rent to section 8 tenants, fearing non-payment or just getting stuck with a bad renter. But, this means that the tens of thousands of potential tenants, waiting with guaranteed rent, have nowhere to stay, while you struggle to fill an empty unit. Ashley Hamilton, Detroit-based investor, thinks that not renting to section 8 tenants could be a huge mistake.
Welcome back to this week’s Rookie Reply! This time, we’ve got Cullen asking: Is it a bad idea to invest in properties out of state where the housing market is cheaper and more affordable for us? Or would it be better to save more money and invest in the market we are currently living in?
Good news for Cullen, we’ve got a cash flow market expert here to help answer his question!
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
In This Episode We Cover
Cash flow vs. appreciation and when to start investing out-of-state
Buying in affordable real estate markets and what to look for before you invest
Section 8 investing and how “guaranteed rent” can help boost your property profits
Action steps to take when identifying a rental market or potential investment property
Tenant screening tips that’ll keep your portfolio at 100% occupancy
The one thing you’ll need if you want to be financially free through real estate
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Ashley's Instagram
Tony's Instagram
Real Estate Rookie Facebook Group
BiggerPockets
MLS
The BiggerPockets Real Estate Podcast
Real Estate Rookie Podcast
10 Deals on a $20K Waitress Salary With Ashley Hamilton
Investor Update: The “10 Deals on $20K/Year” Investor’s Explosive Growth
BiggerPockets Forums
BiggerPockets Calculators
Connect with Ashley:
Ashley's Instagram
Ashley's BiggerPockets Profile
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-238
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