How to Invest in Section 8 Housing for Financial Freedom
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- Äas pĆidĂĄn 15. 07. 2024
- Join Eric as he breaks down the intricacies of investing during fluctuating interest rates and why Section 8 properties remain an investment staple due to government-backed rent and higher income potential.
Section 8 Investing is for beginners and seasoned investors alike, Eric promises a simple and accessible path to getting started with single-family homes and achieving financial freedom. He also discusses the importance of passive income to reduce life stress, giving personal anecdotes and a vision for a financially independent life that's driven by choice, not necessity.
đEpisode Highlights:
00:00 Real estate market dynamics shift due to rates.
04:46 COVID led to rent moratorium, impacting landlords.
07:49 Teaching advanced real estate ventures is complex.
12:41 Living expenses create stress and pressure.
14:28 Financial freedom through real estate and passive income.
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đLearn How to Grow, Professionalize, and Sell Your Business to Live a Life of Total Freedom (FREE TRAINING): www.freedombusinesstraining.c...
đ đ° Attend my FREE TRAINING on How to Create Insane Cash Flow with Section 8 Real Estate: www.cashflowiskingtraining.co...
đApply for the Inner Circle. Elite Coaching on Business, Real Estate, & Building Your Online Business: www.ericspofford.info/discover
EricâŠ..this is one of the best videos you have put out. I am financially set because I made a goal when I was 20 years old to be financially freeâŠ.not a slave to anyone as you said. I have been preaching this for all my adult life. If you control your time, you are rich because you are not a slave to someone else who uses you and your time at work making someone else richer. Most Americans cannot think this way because they spend all their income trying to keep up with their neighbors instead of INVESTING IN THEMSELVES. This is a great video, thanks. Also, better because you do not say âfuckâ like you do so much.
Thank you Eric. I always get something out of your videos. Been sober 16 years. Got my workout and my macros on lock. I stay working on my recovery going to meetings sponsoring ppl that are serious about being clean and sober. Play a lot of golf. Just looking to get out of this same funk
Solid tip action! Everyone I know in the business screams stay away from section 8.. im still very interested, but all the big wigs say itâs a terrible investment and super exhausting. If it pays good then Iâm in.
This level of value is mastermind level stuff. Grateful for the value & will be capitalizing on it.
Thank you Eric!
I love the new format
good content I watched it all
Interested in the turn key solution ... then will use that income to take it further
Hi Eric thanks for this great content
Can u please shed some light as it relates to persons living outside of the US ( Caribbean) who would like to invest in section.
What are the steps / requirements & benefits etc
How do most of you guys still making profit? Even with the downturn of economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager
Mrs Caroline Arnold
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Yeah that's right I think it's right to invest with professional at least it saves the trauma of too much loses
Isn't she the same Mrs Caroline Arnold that my neighbors are talking about, she has to be a perfect expect for people to talk about her so well.
Eric, everything about you, your work, the content you create, speaks in astronomical volumes. Your story, the personality you show, and level of respect shown is heartfelt. Love the content, love the videos, and love helping people grow, like yourself, im just not at your level, in fact far from it. Keep on man!
Is there a difference to screening section 8 vs. standard applicants?
How much $ do you need to start getting properties section 8.
Are there restrictions to the Section 8 RE investment for US non Nationals ?
Just watched Tommy g upload and everything you said I'm currently living but unfortunately I'm stuck I'm the game in sick to my core of doing but it's all I've ever done and my name is known as all that now so its hard to reverse it but your story is inspiring all my friends I grew up with are disceased last being just 2months ago how I'm still here I truly believe is for kids I had to just reach out and honor your successes and story hopefully I can take a lesson from your story I noo only to well and try to achieve some of that lifestyle and changes I want but in a small Ireland city you don't get much opportunities đđ€đ
Eric do you recommend single family properties initially than scaling into multi families? Also, in terms of property management do you advise to keep it in house or hire a company to do this?
What cities do you purchase in?
Hey Eric , really nice video ! I was wondering if I could help you with Best Quality Editing in your videos which visually appeal to audience and would increase average view duration and will also make a highly engaging Thumbnail which will overall help your videos to reach to a wider audience ? Pls let me know what do you think ?
đŻ ~ Watched this last night this is your BEST video to date on Section 8
Heres the thing the bank wont do me in favours or give me a loan
However I know somone who has actually been working at the front desk of one these Section 8 type of Properties in Vancouver BC
Were the opiod crisis has been at record breaking levels for years
This person makes about $30 per hour. Works full time there for about a few years now
With her level of credit and income would the bank aprove her in Canada
For a loan to aquire a Section 8 propery ? theres no way shes gonna come up with a $250,000 down payment either
So how can the Section 8 strategy your presenting. Work for her
What's the solution for her to be approved by the bank and get into this business
Respectfully
250k? Not doing section 8 in a million dollar home. How about an 80k home?
Wveryone wants to be Alex hormozi now
***Attention Everyone***
No one needs to be taught how to do this and no one ever needs to pay to learn the Section 8 program. Anyone can learn how to operate a Section 8 program on their own for free just by calling their local Housing Authority. Every state and county in the US has a Housing Authority office. Please don't pay for a online class to learn this stuff. 60% of my portfolio is comprised of Section 8 tenants and i learned for free on my own, I didn't have to pay for any knowledge.
Omg this guy is so bad...
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