Ever since the Great Depression, many housing assistance programs in the U.S. came to existence. One of the most popular is the Section 8. With this program, the government subsidizes a tenant’s rent payment. You can benefit from this type of arrangement by putting your money in a Section 8 investment property. You would have to deal with paperwork and processing, but it’s possible to find stable tenants and receive a regular rent check as income for your rental property.
Here’s why now is the best time for you to place your money and invest in this medium:
Rental payments guaranteed
Arguably, the main attraction in a Section 8 property investment is the guaranteed rental payments you receive from the government. In most situations, when you pass the screening process associated with the Section 8 housing application, the government may give you a voucher of anywhere from 70% to 100% of the monthly rent.
An increase in rent over time
The law surrounding this type of property investment enable landlords to reassess the rental amount they charge on an annual basis. The increase that a landlord can put in the rental charge can be up to 8%. This means that, as the years go by, you can profit more compared to what you can get with a private rental property.
The responsibility of the tenant
Unlike with many other private rental units, Section 8 places the responsibility of property maintenance on the tenants themselves. This means that you do not have to worry about spending more money on keeping up your property, as your tenants would have to take care of it.
There are plenty of other reasons for you to choose this type of government-based investment medium, but the three mentioned above should be enough.