What does it take to become a Section 8 Landlord? Do you have to get pre-approved? And if so, what does the process look like? That’s the first question I’m answering on this Q&A episode!
On today’s show, I’m taking three of your great questions on Section 8 rentals, how to get funding to grow your portfolio, and how to buy gold and silver. I’ll also cover topics like diversifying your portfolio, signs of a recession, and why now is a great time to buy tangible assets. Click play to learn more!
On this episode you’ll learn:
- How to become a Section 8 landlord.
- Ways to get funding for building your portfolio.
- Tips for buying gold and silver.
How to Become a Section 8 Landlord
Section 8 is a government program that allows tenants to qualify for lower income rent, and the remainder of the rent is paid to the landlord by government agencies. As a landlord, you do have to apply to become a Section 8 landlord. The application process can vary by state, city, and even county, so be sure to look into your local regulations.
Personally, I do not have any Section 8 properties in my portfolio, but I have before. You can listen to an older episode that Natali and I recorded on our experiences with Section 8 here.
Ways to Get Funding for Building Your Portfolio
I’ve heard from many investors that it’s getting increasingly harder to find funding, particularly in the commercial space. My first tip for you would be to read the great book, Getting the Money by Susan Lassiter Lyons. It is a comprehensive guide to attaining funding from private lenders.
If for some reason you don’t want to go that route, you could also try using a company like DLP Capital or seek out lenders on LinkedIn.
Tips for Buying Gold and Silver
There are a few different ways to buy gold and silver, but if you’re specifically looking to have gold and silver delivered, I can recommend Lear Capital. My link is learredacted.com or you can call them directly at 800-613-3557.
I’m not an expert on gold investing, but a great resource I can recommend is the book Nomad Capitalist by Andrew Henderson.
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Section 8 Tenants: Good or Bad?
Getting the Money by Susan Lassiter Lyons
Nomad Capitalist by Andrew Henderson
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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