Making “Guaranteed Rent” Through Section 8 Investing

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).

00:00 Intro
03:25 Tony's Tax-Saving Tip!
06:14 Should You Invest Out-of-State?
09:53 Using Tax Returns to Invest
12:14 Investing in Detroit and Affordable Markets
17:07 Making the Offer
19:03 Section 8 Rentals
26:28 Property Management Tips
27:40 Advice for New Investors

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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup?utm_source=owned_media
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
https://www.biggerpockets.com/agent/match?utm_source=owned_media
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Question Of the Episode:
https://www.facebook.com/groups/realestaterookie/permalink/446936246353402/
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Hear Ashley’s Interviews on the “BiggerPockets Real Estate Podcast”:
2019: https://www.biggerpockets.com/blog/biggerpockets-podcast-331-10-deals-20k-year-waitress-salary-ashley-hamilton?utm_source=youtube&utm_medium=description&utm_campaign=none
2022: https://www.biggerpockets.com/blog/real-estate-674?utm_source=youtube&utm_medium=description&utm_campaign=none
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Try the BiggerPockets Rental Estimator for Your Next Rental:
https://www.biggerpockets.com/insights/property-searches/new?utm_source=owned_media
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Connect with Other Investors on the BiggerPockets Forums:
https://www.biggerpockets.com/forums?utm_source=owned_media
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Grab the Book on “Long-Distance Real Estate Investing”:
https://store.biggerpockets.com/products/long-distance-real-estate-investing?utm_source=owned_media
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Connect with Ashley Hamilton on BiggerPockets and Instagram:
BiggerPockets: https://www.biggerpockets.com/users/ashleyh5?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @detroit_investor or https://www.instagram.com/detroit_investor
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Shoot Ashley and Tony a Question on Instagram!
@wealthfromrentals or https://www.instagram.com/wealthfromrentals/
@tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Episode 238

Show notes at: https://www.biggerpockets.com/blog/rookie-238?utm_source=youtube&utm_medium=description&utm_campaign=none

#biggerpockets #realestaterookie #rookie238