297: Guaranteed Rent Income with Section 8 Housing

Guaranteed Rent Income with Section 8 Housing

by Keith Weinhold | Get Rich Education

Pros and cons of getting paid a permanent government housing subsidy are explored.

But first, I discuss your future in light of the current pandemic crisis – housing supply, 2020 vs. 2008 recession differences, economic “vaccine”, current 13.3% unemployment rate.

“Section 8” is the primary federal government program that subsidizes three groups: low income, elderly, and disabled. It is HUD-sponsored.

Cons: Tenant screening is vital, inspections.  

Pros: Longer tenancies, higher rent amount, lower vacancy rate, tenant wants to keep voucher.

Learn more about owning renovated Section 8 housing with a manager that deal with the housing authority at: www.GetRichEducation.com/Richmond

The housing authority typically pays most, not all, of the tenants’ rent.

CNBC named Virginia of the #1 business state. Richmond is the capital of the 12th-most populous state. 

In Richmond, $1,300 rent and $145,000 purchase price (0.9% RV) is typical for SFRs suited to Section 8.

Connect with the provider for “guaranteed rent” property at: GetRichEducation.com/Richmond

Resources Mentioned >

Resources Mentioned: Property with “guaranteed rent”: GetRichEducation.com/Richmond | Mortgage Loans: RidgeLendingGroup.com | QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co – By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. | New Construction Turnkey Property: NewConstructionTurnkey.com | Best Financial Education: GetRichEducation.com | Follow us on Instagram: @getricheducation | Keith’s personal Instagram: @keithweinhold

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