Quote:
Originally Posted by Dink
Don't forget you need to rekey the place everytime someone moves out!!!
Go on the northside. Buy some cheap crap. Get it section 8 approved(guaranteed money from he gov. Dont have to chase anyone down for rent money) and roll in the dough.......do inspections of the place every 2 months to make sure they aren't destroying everything, brought in family, got some dogs, etc.........
I used to sell realestate and I deal with this every single day with my job......give me a call, we'll do lunch.
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no true! they are responsible for paying i believe 10% onf their monthly income towards the rent . so basiclly you only rent to people making min. wage , over look the 10% count it as a loss. the key is to do more for the tennant if you do section 8 get on their good side that way you can get all the referals from family members and fill up more units . i have a buddy who quit a great job to become a full time "slum lord"
seriously though there is great money in this
IF you do it right