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#129 - He Became a 23 Year Old Section 8 MILLIONAIRE! How? | Section 8 Karim
Manage episode 457932638 series 3416619
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Section 8 Karim is a 23 year old real estate investor and educator specializing in Section 8 housing. He purchased his first Section 8 rental property at just 17 and has since grown his portfolio to over 120 properties. Families typically remain in the Section 8 program for an average of six years and Most of Karim's tenants receive 80% to 100% government subsidies; the requirements for approval might surprise you.
While some label Section 8 investors as slumlords and assume the business is risky because of challenging tenants, strict eviction processes, a high potential for property damage etc... the truth is that, with the right approach, it’s a profitable business capable of generating significant wealth for its investors! In this episode, we dive into how Karim acquired the Funds to Invest in Section 8, the best and worst states to invest in and why, the ideal buy box, the secret to how he acquired over 120 doors and the due dilligence every investor needs to implement if they want to become a Section 8 Landlord.
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