67 min listen
575: Killer Cash Flow with This “Tenant-First” Section 8 Rental Strategy w/Joe Asamoah
575: Killer Cash Flow with This “Tenant-First” Section 8 Rental Strategy w/Joe Asamoah
ratings:
Length:
64 minutes
Released:
Feb 24, 2022
Format:
Podcast episode
Description
Section 8 BRRRR investing seems like a niche within a niche. To start, you have your classic BRRRR strategy (buy, rehab, rent, refinance repeat), a method that many real estate investors have used to gain vast amounts of equity in short amounts of time. Then, on top of the BRRRR, you have section 8 rentals, which many investors stray away from. Both of these investment strategies can be thought of as “advanced” rental property investing methods, but combining them can almost automatically guarantee you phenomenal rent, for years (if not decades) to come.One investor known for his expertise in both section 8 rentals and BRRRR investing is Dr. Joe Asamoah. Regularly, Dr. Joe may be the smartest person in the room and he really shines when speaking about the often forgotten benefits of section 8 rentals. While many investors simply think of D-class houses and D-class tenants when accepting section 8 vouchers, Dr. Joe disagrees.His theory is simple—Find C or D-class properties in B-class neighborhoods, and rent to A-class section 8 tenants. The payoff? Very long-term tenants with guaranteed rent whose lives you can benefit directly. And Dr. Joe isn't just hypothesizing about this—he’s been doing this for decades and may be why he has tenants who have stayed with him for over twenty years, paying rent every month, on time.In This Episode We Cover:Before and after photos of Dr. Joe’s most recent section 8 BRRRR rentalRenovation hiccups when doing large renovations/BRRRR dealsThe “bedroom-to-cash-flow” ratio that makes section 8 a lucrative choice for investorsHow to find the highest quality, long-term tenants in your investing areaBuilding multiple exit strategies out of one property for maximum cash flow and equity gainThe most common BRRRR risks and how to mitigate appraisal and tenant headachesAnd So Much More!Links from the Show:BiggerPockets YouTube ChannelBiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe AsamoahBiggerPockets Podcast 498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1)MLS (Multiple Listing Service)ZillowCraigslistAffordableHousing.com (formerly GoSection8.com)Fannie Mae Freddie MacDavid Greene's Instagram DavidDavid Greene Real Estate YouTube ChannelRobert Abasolo's InstagramRobert Abasolo's Robuilt YouTube ChannelRobert Abasolo's TikTokCheck the full show notes here: https://biggerpockets.com/show575See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Feb 24, 2022
Format:
Podcast episode
Titles in the series (100)
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