Section 8 BRRRR investing seems like a niche within a niche. To start, you have your classic BRRRR strategy (buy, rehab, rent, refinance repeat), a method that many real estate investors have used to gain vast amounts of equity in short amounts of time. Then, on top of the BRRRR, you have section 8 rentals, which many investors stray away from. Both of these investment strategies can be thought of as “advanced” rental property investing methods, but combining them can almost automatically guarantee you phenomenal rent, for years (if not decades) to come.
One investor known for his expertise in both section 8 rentals and BRRRR investing is Dr. Joe Asamoah. Regularly, Dr. Joe may be the smartest person in the room and he really shines when speaking about the often forgotten benefits of section 8 rentals. While many investors simply think of D-class houses and D-class tenants when accepting section 8 vouchers, Dr. Joe disagrees.
His theory is simple—Find C or D-class properties in B-class neighborhoods, and rent to A-class section 8 tenants. The payoff? Very long-term tenants with guaranteed rent whose lives you can benefit directly. And Dr. Joe isn't just hypothesizing about this—he’s been doing this for decades and may be why he has tenants who have stayed with him for over twenty years, paying rent every month, on time.
In This Episode We Cover:
Before and after photos of Dr. Joe’s most recent section 8 BRRRR rental
Renovation hiccups when doing large renovations/BRRRR deals
The “bedroom-to-cash-flow” ratio that makes section 8 a lucrative choice for investors
How to find the highest quality, long-term tenants in your investing area
Building multiple exit strategies out of one property for maximum cash flow and equity gain
The most common BRRRR risks and how to mitigate appraisal and tenant headaches
And So Much More!
Links from the Show:
BiggerPockets YouTube Channel
BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah
BiggerPockets Podcast 498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1)
Zillow
Craigslist
AffordableHousing.com (formerly GoSection8.com)
David Greene's Instagram David
David Greene Real Estate YouTube Channel
Robert Abasolo's Instagram
Robert Abasolo's Robuilt YouTube Channel
Robert Abasolo's TikTok
Check the full show notes here: https://biggerpockets.com/show575
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