How do I get my property approved for section 8/ HUD?

Tips and Deals Forums Buying Your Home Buying Your Home How do I get my property approved for section 8/ HUD?

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 7 years, 11 months ago.

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    Anonymous

    I have a 3 bedroom 1 1/2 bath house. I am looking to buy a second home sometime 2007 or 2008 and I want to keep my current house and rent it out. I was told that if I take section 8 I will be almost guaranteed to have a tenant and I won’t have to worry about people not paying rent because the govt. pays it anyway. I was worried about people not taking care of the property but I was told that section 8 will also pay any damages the tenants cause. How do I go about getting my house approved to take section 8? I sent HUD an email last week and they didn’t respond. Also is there a cap on the rent I can charge? I want to charge between $ 650 and $ 700 for rent.

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