297: Guaranteed Rent Income with Section 8 Housing

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: 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 a 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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