Section 8 Waiting List Openings in other Regions. Uh?

Should we cover Section 8 waiting list openings Nationwide?

We have been wrestling with this question for a while now! REIC is pretty connected to Section 8 Wait List openings in the Southeastern region, since a majority of our clients / readers are from South Florida. Should we care about other regions of the US concerning Section 8 Wait List Openings? YES! We should cover the whole US, Section 8 office by Section 8 office.

Here is our Justification!

Why is this important to our investors, blog readers and tenants? Miami Florida is the gateway to Latin America and the Caribbean. As a result, we have every nationality from these regions calling Miami, Florida their home. This does not mean they don't have relatives living in other parts of the United States.

Look at my background! I was born in Germantown, Philadelphia, Pennsylvania but I am calling Miami, Florida my current home. The rest of my family lives in New Jersey, Pennsylvania, Rhode Island, California, etc.

A Section 8 or Plan 8 Wait List opening in New Jersey may not be important to the folks living in Miami but maybe their relatives in New Jersey could act on this information. Word of Mouth, Baby!

Here are several other reasons we feel we should cover all the Section 8 or Plan 8 Wait list Openings:

• Section 8 Vouchers are Portable.
  • See our posting about Section 8 Portability.
• People don't like South Florida and want to move to another state or region.
• Family Issues like death, health, divorce, empty nest, etc.
• Better Jobs and Salaries.
• Economic Hardship.
• The Weather in South Florida! Hurricanes, Heat, Humidity…
• Competition for the available Section 8 Vouchers and Wait List Openings.

We are sure you can add several other reasons why you want to move away or to South Florida.

So in the future we will be announcing Section 8 Waiting List Openings throughout the United States.

If you hear about any Section 8 Waiting List Openings please contact us at our email address below. We could use your help!

Oh by the way, below is a Section 8 Wait list Opening:

• Arizona
  • Section 8 Wait List of Cochise County, Arizona is currently Open

So starting today, we will TRY to cover all the Section 8 Wait List openings Nationwide.

Related Links, Blog Postings, Presentations or Articles:

• Check out our new blog:
  • Section 8 Miami: http://www.section8mia.com
• Section 8 Power Point Slide Show on Slideshare.net
• A REIC blog posting with a Section 8 Podcast

Written by +Bob Burns.

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Going Nationwide Baby! Real Estate Investor about.me/RobertKBurns Telephone #: 305-586-5280 email: sec8@planocho.com

Our Internet Footprint:

Real Estate Investors need to use an Action Plan.

There is a saying among Real Estate Investor's - "You Make Your Money when You Purchase the Property not When you Sell It."

There are so many things that can go wrong so it is important to make sure you buy the property right.

Smart Real Estate Investors need to develop an Action Plan before they are going to purchase an investment property. This plan should include the following:

• Identify a possible property for investment.
  • Make sure your SELLER is MOTIVATED to do the deal.
• Perform a market analysis.
  • What are going to be your carrying costs for the next 90 Days. Principal, Interest, Insurance, Taxes, Utilities, HOA fees....
  • After Repair Value ARV - What is the property worth after repairs. Look at the COMPS! Yes, the comparables.
  • Calculate your repair costs.
  • Calculate your Fair Market Rent FMR. See if the property is going to cash flow.
    • See previous posting and video about calculating Fair Market Rent FMR
• Secure Your funding for:
  • Purchasing the Asset.
  • Carrying Costs.
  • Repairs.
• Note: Don't forget to pay yourself for all this work you are doing!
• Make an OFFER based on the Maximum Allowable Offer MAO Rule, using ARV, Carrying and Repair Costs.
  • See previous MAO post at Using the MAO rule for determining your Investment Property Offer Price.
• What are you going to do with the asset? Develop an EXIT Strategy:
  • Flip the property for a profit or
  • Hold the property for Cash Flow.

This is the basic action plan which needs to be very fluid. Things change and you need to adapt.

Turnkey Property!

One of the more successful Action Plans we have used is to bundle a Section 8 or Plan Ocho tenant within the property FOR SALE. The tenant is part of the BUYER's Turnkey Package.

TURNKEY means the BUYER simply needs to turn the key to the front door and start making MONEY.

All the hard work has been done for the BUYER:

• Buying a Property that will Cash Flow.
• Rehabbing the property and brought up to Code.
• All utilities are functioning.
• Finding a reliable tenant.
  • We use Section 8 as a great resource for tenants because it is a very popular program for housing.
  • Section 8 Web Sites for listing Your Investment Property.
• Asset Protection strategy is already in place.
• Selling the Investment Property with minimal Closing Costs.
• Optional: Have it already furnished.

Investors should provide a turnkey solution for all their properties they plan to sell in the near future.

BUYERS like the idea of purchasing a property that comes bundled with a tenant.

Action Plans allow for Immediate Cash Flow and no Headaches!

Written by Bob Burns.

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Money in The Bank Baby! Real Estate Investor about.me/RobertKBurns Telephone #: 305-586-5280 email: sec8@planocho.com

Our Internet Footprint: