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Reo/bulk buying bus trip
For several years, we have been developing our relationships with banks and working on REO/BULK PORTFOLIO INVESTMENTS. In addition to that, we are buying up rental properties as fast as we can get our hands on them. We are concentrating our investments to the Tampa, Florida area. We are able to buy solid 3 bedroom, 2 bath houses, clean houses for under $40,000 that rent upwards of $1,000 per month!
[FONT=Calibri]The return on investment is amazing! We are renting through the government Section 8 program. The Section 8 list has thousands of tenants looking for a place to live and not nearly enough properties available. Section 8 is the perfect solution! It creates a win/win/win solution - the government directly pays the rent, the tenant is excited to have a house to live in, and the government pays off the mortgage! It
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08-24-2009, 03:00 PM #2
Fixer Upper
- Join Date
- Aug 2009
- Location
- Seattle
- Posts
- 27
Section 8
I agree with you on the Section 8. If you can get the tenant and approve them, they're great. Seattle Housing Authority will always pay their rent. And because it takes so much time to get approved, those who get approved tend to stick around. They don't want to move and start the approval process all over again.
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