As the title says. I have a newly remodeled 4BR unit. Where I am in NY, there's a large demand for housing from large Hispanic groups.

    Basically what will happen if you have a large house for rent, sometimes you will be approached by a Hispanic individual who will then jam pack the house full of friends/family/cowowkers/etc (many of who may be undocumented). You can generally get a much larger amount of rent, but the issue is that the "main person" will then essentially sublet out the rest of the house/rooms to anybody and everybody they know. I would basically not have any contact or knowledge of anybody else occupying in the house. The main person pays me, and then collects rents from however many other people are living in the house.

    They basically self-govern, because if 1 or more of them decides to stop paying, they will self-evict those people and be able to get in more people almost immediately.

    Would you rather the Section 8 route, or the balls to the wall 2nd option?

    4BR newly remodeled unit: Would you rather $3,900/mo rent from Section 8 or $5k/mo rent from.. (read more)
    byu/MowgliPuddingTail inrealestateinvesting



    Posted by MowgliPuddingTail

    1 Comment

    Leave A Reply
    Share via