Meet The 30-Something Year Old Making Almost $1M Per Month With Section 8

PODCAST OF THE WEEK

Meet The 30-Something Year Old Making Almost $1M Per Month With Section 8

Tom accidentally bought his first Section 8 property, not realizing the tenant was on Section 8. After seeing the reliable cashflow, he realized Section 8 was a lucrative niche.

Tom got started wholesaling houses in his mid-20s to save up for downpayments on rental properties. He bought some condos and single family homes before stumbling into his first Section 8 tenant. Seeing the benefits of guaranteed rent and higher rents from Section 8, Tom decided to specialize in Section 8. He scaled quickly using private money partners, occupying properties with Section 8 tenants, then cash-out refinancing to buy out his partners while retaining ownership.

Tom now owns over 650+ units across 4 states, with 9 property managers running operations. He teaches others the Section 8 business through his course and coaching program, helping new investors allocate capital into section 8 real estate.

Join his Section 8 Program Here

POST OF THE WEEK

Is renting really just throwing your money away?

Our group responded with some bangers:

• No, some people don't like the responsibility of owning. To them it's worth the peace of mind.

• Well, it depends on your objectives! I own 3 rentals, I rent where I live. My tenants have been paying down my Mortgages, and damn near paying my rent. Actually, bout to by another rental in this market. So whatever works for you, do that!

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TIP OF THE WEEK
Today’s Tip of the Week

If you're looking to get into rental real estate investing, consider exploring Section 8 housing. Section 8 provides rental assistance vouchers to low-income tenants, ensuring they pay only 30% of their income toward rent. The government pays the rest directly to the landlord.

The benefits of Section 8 tenants include:

• Guaranteed rent payments - You'll get reliable income every month with virtually no risk of non-payment.

• Higher rents - Section 8 vouchers are based on local fair market rents, which are typically higher than rents in lower-income areas. This means more rental income for you.

• Increased demand - There are long waitlists for Section 8 vouchers in most areas, so you won't struggle to find tenants.

• Easy financing - Getting loans for Section 8 properties may be easier thanks to the reliable income they provide.

So if you want dependable tenants and higher rents, consider adding Section 8 housing to your real estate investing strategy. Just make sure you understand the program requirements and guidelines in your area first. It can be a lucrative niche if done properly!