Do you know?
Now of course Section 8 is nothing but low life people who do nothing but mess up everything, especially real estate, right? Wrong!!! Just like any other tenants in the world, some are good, some are bad. You just have to screen them properly. I have a tenant right now that I wouldn't trade for any other tenant out there. She keeps the house clean, takes care of the place, and pays me (her portion) on time every month. I'll take two more of her if I can find them.
So how do we make money fly out of the governments posterior orfice and into your bank account? It's SO easy. The first step is buying a real estate investment property. Now don't think you can go buy a $300k home and think you can rent it out for $6500 a month and make mad money. Sorry, real estate isn't quit that good, not when you're dealing with single family homes anyway. But what can you expect?
Section 8 bases their numbers off of fair market rent values in the area. So in Pascagoula its around $900-950 mth; Gautier $1050-1100; Ocean Springs $1100-1200. If you buy a real estate investment at a good price, you can put a little change in your pocket every month. The best thing is it's gauranteed money!!
If you want to know more, feel free to contact me.