This topic contains 1 reply, has 2 voices, and was last updated by Anonymous 8 years ago.
- May 6, 2011 at 5:17 pm #208474
I would like to hear from anyone that owns properties that they rent out to section 8. How long does it take to find a tenant, do they destroy your property? Is this a good investment. Any advice that can be given will be greatly appreciated. Am I able to get mortgages on the properties.
- May 6, 2011 at 11:18 pm #263153
These will be investment properties and treated as such by the bank – meaning credit requirements will be higher than if you were living in one of the rental units.
I have not rented to section 8 but have a friend who has. He says they are ok, however they do require the property be up to standards so expect to spend some dollars on repairs and upgrades if they are older or in poor shape.
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