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:
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Mortgage Loans:
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