Is there any profit to be made from investing in low-incoming housing (or offering it) in California? I was told that the payment structure is a bit different (in regards to rent). Thanks in advance.

I hear "Incoming !" and all I can think of is Mortar Rounds or Enemy Rockets.

[quote=Vermont]I hear [b]"Incoming !"[/b] and all I can think of is Mortar Rounds or Enemy Rockets. [/quote]

Rough neighborhoods?

Considering the current economy, could this be the majority of the rental market in the coming years?

Solomon... Low income housing is typically has some type of government subsidy. You are in CA... a state that is bankrupt.

If you are using OPM (i.e. Other People's Money)... go for it.

But if you have to use your capital, remember that if you are looking to CA to send you a check to cover your rental assisted tenants,

Or to cover your subsidized mortgage,

Or to provide you with whatever subsidy gimmick they have to come up with in order to lure you in to the deal.

REMEMBER THIS:

California DOESN'T HAVE ANY MONEY!

In Minnesota, there are several Section 8 Housing Authorities that assist approved renters with housing. There is a decent market for this here in Minnesota, but generally speaking, catering to the low-income demographic has its own set of logistics and formalities. Like with any investment, just do your research first, and be comfortable with the responsibilities that come with the various investment vehicles. Good luck!

Maybe try to find out what makes your property has low income. If it because of economic crisis in the place, try to wait until the economy will go strong. If there is a problem in your property, try to renovate it and re-paint it for the beautification that makes your property earn more rentals.

[quote=mn-houses]In Minnesota, there are several Section 8 Housing Authorities that assist approved renters with housing. There is a decent market for this here in Minnesota, but generally speaking, catering to the low-income demographic has its own set of logistics and formalities. Like with any investment, just do your research first, and be comfortable with the responsibilities that come with the various investment vehicles. Good luck! [/quote]

Exactly. Check with Department of Housing and Urban Development. Remember, even people with low incomes can manage to pay the rent one way or another. Lot's of people have success with Section 8 properties. It's guaranteed money! Even if the state is broke, they didn't just kick everyone out of the homes they have been paying for. It may be rough going, but most counties are still paying their section 8 bills.

Hello,
Oh plz who cares what u think and guess what we don't want u living in oui smut bag ur answer sucked ***

Thanks
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California DOESN'T HAVE ANY MONEY!


No problem, the federal government will simply print new currency, and give it to the States!!

Or they could be responsible and raise taxes.

I have been renting to section 8 tenants for 10 yrs.I love it! They pay one third of their income, the government pays the rest..on time deposited in my acct on the first. Its a federal program, not the state.I am in California.I really like it because I have very little turnover and the rents are pretty high.Really helped to stabilize my investments;consistent cash flow.

Well investors believe that property business would be rise again and people find many choices where to invest. No doubt property investment is a safe and better way than others but people should realize the circumstances effect the businesses. Sometime we get a big return and sometime even nothing. As every one know "something is better than nothing" people should plan to save less and invest big.