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The Water Cooler
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how to invest in rental houses?
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<blockquote data-quote="mtnboomer" data-source="post: 2479495" data-attributes="member: 32439"><p>I've done it - and I'll never do it again. But, if you do get into it, just one little piece of advise - <strong>DO NOT RENT SECTION 8!</strong> A lot of people think, "Okay, I'm guaranteed my rent money and DHS will pay me to fix the house after each renter, so what's the problem?" The problem is that the majority of Section 8 housing renters are highly destructive, and many, will conduct illegal acts in your house thus inviting LE to seize your property. Between the enormous and constant repairs and trying to keep your property from being taken, you'll likely never make much money. Been there, done that - ain't gonna do it again!</p></blockquote><p></p>
[QUOTE="mtnboomer, post: 2479495, member: 32439"] I've done it - and I'll never do it again. But, if you do get into it, just one little piece of advise - [B]DO NOT RENT SECTION 8![/B] A lot of people think, "Okay, I'm guaranteed my rent money and DHS will pay me to fix the house after each renter, so what's the problem?" The problem is that the majority of Section 8 housing renters are highly destructive, and many, will conduct illegal acts in your house thus inviting LE to seize your property. Between the enormous and constant repairs and trying to keep your property from being taken, you'll likely never make much money. Been there, done that - ain't gonna do it again! [/QUOTE]
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