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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Do both?flip some and keep some.. Posted by Ward-CA- on June 18, 2003 at 10:33 PM In Reply to: Ward:Buying to keep as rentals or sell for the profit. posted by Joel on June 18, 2003 at 8:09 PM : Hi Ward. I have a close friend that has been purcasing properties in LA and flipping them for a good profit. He has gotten to the point of keeping up to 10 to 15 properties to keep as rentals as Section 8 has been a winner for him. As we both know the housing market well drop into the buyers favor. My question is what problems would you forsee for my friend to face in the rental arena & is it possible for section 8 to change the amount they are paying him now and possiblly lower the dollar amount they may pay him in the future. Thanks. Joel Joel, Section 8 will only pay market rents. So if rentals go up they will pay more and vice versa for those times when rentals go down. Your friend's ability to stay afloat through the good and rough times is linked to his positive cash flow. If he's smart, he will exercise some self-discipline and borrow no more than 70% of the (FMV) fair market value of his properties. Right now almost all of my rentals are free and clear. So I'm in the enviable position of being able to handle any buyer's market just fine. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hi Ward. I have a close friend that has been purcasing properties in LA and flipping them for a good profit. He has gotten to the point of keeping up to 10 to 15 properties to keep as rentals as Section 8 has been a winner for him. As we both know the housing market well drop into the buyers favor. My question is what problems would you forsee for my friend to face in the rental arena & is it possible for section 8 to change the amount they are paying him now and possiblly lower the dollar amount they may pay him in the future. Thanks. Joel : : Joel, : Section 8 will only pay market rents. So if rentals go up they will pay more and vice versa for those times when rentals go down. : Your friend's ability to stay afloat through the good and rough times is linked to his positive cash flow. If he's smart, he will exercise some self-discipline and borrow no more than 70% of the (FMV) fair market value of his properties. : Right now almost all of my rentals are free and clear. So I'm in the enviable position of being able to handle any buyer's market just fine. 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

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