Quote:
Originally Posted by Aero
What? HUD funded apts and section 8 get the least amount of money. Boy oh boy. The people who rent there pay the least then you're dependent on the govt to pay you the rest of the paltry amount. Govt is full of red tape and will make you wait and will do inspections etc.. No no no!
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Yeah that's how bad and how much of a risk real estate is now ... And as long as you keep up on the inspections you get that govt check on time and it's good money... I know quite a few dudes who do it, buy a boarded up house in the city at auctions for less then a used car with 200,000 miles... make it inhabitable ... have your first inspection, grease his palm with a hundo and your set.... Checks come in on the first, slide a fixed amount into an upkeep account and look for the next property ... Walk through once a month before inspection so you don't get dinged for anything serious and your golden