InnoVest Resource Management's Foreclosure Forum

Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics Foreclosure Glossary 60+ Yrs Interest Rates News & Trends FAQ Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Section 8 Might Be the Answer Posted by Ward-CA- on June 08, 2002 at 9:16 AM In Reply to: Section 8 Might Be the Answer posted by Mike on June 08, 2002 at 8:54 AM : This particular deal I am looking at might be good only with excellent financing terms. : What kind of financing terms can you get if you participate in HUD's Section 8 Rental Program? : Do you only rent to the elderly? : How do you apply for this program? : Thanks for all the info Ward! : - Mike : =•=•=•=•=•=•=•=•=•=•= Mike, I’m unaware of any better financing terms by agreeing to rent under a Section 8 rent subsidy. But I think I’ll bring it up when I’m getting my next loan on one of my dingbats. Frankly, I think a lender would be quite pleased if you bring up your planned participation in such a program. Yes, I finagle things around so I have a high propensity of retirees looking at our rentals. First I just advertise in senior oriented newspapers like Senior Life, Senior World and we also put up rental available notices in local Senior Recreation Centers and finally I give my current renters a $50 cash bonus if they direct a senior to us who ends up renting from us. To participate in your local Section 8 rental assistance program just call your local housing commission. If your city isn’t involved then your county sure is, so just contact them. They will mail you the necessary info on getting started. Also most areas regularly host landlord orientation sessions for Section 8. Follow Ups: Re: Section 8 Might Be the Answer Mike 9:53 AM, 06/08/02 (2) Re: Section 8 Might Be the Answer Ward-CA- 2:43 PM, 06/09/02 (0) Re: Section 8 Might Be the Answer Ward-CA- 2:43 PM, 06/09/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : This particular deal I am looking at might be good only with excellent financing terms. : : What kind of financing terms can you get if you participate in HUD's Section 8 Rental Program? : : Do you only rent to the elderly? : : How do you apply for this program? : : Thanks for all the info Ward! : : - Mike : : : =•=•=•=•=•=•=•=•=•=•= : Mike, : I’m unaware of any better financing terms by agreeing to rent under a Section 8 rent subsidy. But I think I’ll bring it up when I’m getting my next loan on one of my dingbats. Frankly, I think a lender would be quite pleased if you bring up your planned participation in such a program. : Yes, I finagle things around so I have a high propensity of retirees looking at our rentals. First I just advertise in senior oriented newspapers like Senior Life, Senior World and we also put up rental available notices in local Senior Recreation Centers and finally I give my current renters a $50 cash bonus if they direct a senior to us who ends up renting from us. : To participate in your local Section 8 rental assistance program just call your local housing commission. If your city isn’t involved then your county sure is, so just contact them. They will mail you the necessary info on getting started. Also most areas regularly host landlord orientation sessions for Section 8. : Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2002, InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455