How to Invest in Section 8 Housing Step by Step (NEW 2024) скачать в хорошем качестве

How to Invest in Section 8 Housing Step by Step (NEW 2024)

Learn how to start investing in Section 8 for FREE - https://link.investingsection8.com/ou... Apply to work with me 1:1 - https://link.investingsection8.com/Fd... Everything I will tell you about today is the culmination of what I’ve learned from working as a realtor for the past few months. I was in your shoes at the beginning too but I researched and learned from mentors to get my license, and I don’t regret it at all. This video is an introduction to 24 months' worth of testing and making mistakes in Section 8 by me in order to figure out what works and what doesn't in successfully investing in Section 8. Links Mentioned in Video: https://www.calculator.net/rental-pro... https://www.huduser.gov/portal/datase... https://www.hud.gov/sites/dfiles/OCHC... https://www.city-data.com/ -------------------------------SOCIAL------------------------------- 👥 Tiktok: https://bit.ly/3ThLhQg 📷 Instagram: https://bit.ly/3ZgBTAu 👍 Facebook: http://bit.ly/3XifG3y 📚 LinkedIn: https://bit.ly/3Vl2ji0 📹 VR YouTube: https://bit.ly/3ruDxxr Section 8 Strategy Overview: Buy a sub-$100k home, fix it up, enroll in the government housing assistance program, and get tenants. The government pays 80%-100% of the rent. Step 1: Pick a Location Use Zillow or a similar MLS to find homes. Choose a city with a HUD rental rate of $1200+. Ensure the city has 80+ homes for sale or 50+ if it’s a town. Avoid A-tier cities; opt for B or C-tier cities. Step 2: Form an LLC (Optional) Protect personal assets and enjoy tax benefits. File Articles of Organization, draft an operating agreement, and obtain an EIN. Talk to a CPA for accurate info Step 3: Save Money & Secure Financing Save for down payments and other costs. Explore FHA loans for lower down payments. Loan recommendations: Conventional (20% down): 700+ credit, $25k cash. DSCR (20% down): 620+ credit, $25k cash. FHA (3.5%-5% down): 580+ credit, live in the property for a year. Private Money: 620+ credit, high risk tolerance. Step 4: Get a Realtor I use Coldwell Banker’s network to find a top realtor. The realtor helps with everything from inspectors to contractors. Step 5: Find a Home Search Zillow for homes under $100k with 3+ bedrooms. Use a rental property calculator for ROI (20%+) and net income ($350+). Check HUD rental rates to confirm potential income. Step 6: Make an Offer Craft a competitive offer with your realtor’s guidance. Include a home inspection contingency. Negotiate based on inspection results. Step 7: Under Contract Submit earnest money deposit (EMD) to escrow. Perform a home inspection with Section 8 guidelines. Negotiate repairs or price adjustments. Line up contractors and transfer utilities. Step 8: Rehab Hire contractors recommended by your realtor. Focus on necessary repairs to pass Section 8 inspection. Use energy-efficient fixtures to save on utilities. Step 9: Find Tenants Consider using a property management company. Vet tenants thoroughly, checking landlord references and conducting background checks. Understand Section 8 tenants’ payment structures and benefits. Step 10: Enroll in Section 8 Submit the tenant’s application packet to the housing authority. Pass the Section 8 inspection using a checklist from the housing authority. Write a detailed lease, including utility payment terms. Step 11: Maintenance Conduct regular inspections and address issues promptly. Maintain open communication with tenants. Keep a trusted contractor on hand. Invest in quality repairs and energy-efficient upgrades. 🕘Timestamps: 0:00 - Introduction 1:07 - Precursor 1:34 - Location 7:22 - Entity 8:00 - Financing 15:55 - Plug 16:51 - Realtor 18:58 - Buying 24:50 - Offer 27:05 - Under Contract 30:30 - Disclaimer 31:47 - Rehab 34:10 - Tenants 38:17 - Enroll in HUD 41:26 - Maintenance 43:55 - Outro Music track: honey jam by massobeats Source: https://freetouse.com/music Free Background Music for Videos #rentalproperty #section8 #realestateagent Disclaimer: The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. This is a Youtube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Joseph MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Joseph's videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Joseph. Any use of other media is by fair-use or license only. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor.