My Profitable Section 8 Secret

landlord There’s a reason my investing company has ‘Clever’ in the name...

It’s not because I’m trying to pat myself on the back. (I’m really not flexible enough to do that.) The significance of the name comes from the fact that even the most driven, motivated and hardworking investors won’t reach their full potential unless they are also clever.

Clever with their business strategies. Clever with their marketing tactics. Clever with their networking opportunities. And more...

Hey Moguls, Cody Sperber here. Today, I want to talk about a smart way to make lots of moo-lah with Section 8 properties. And, remember: this is a clever way (not the traditional way that you’re probably thinking about).

“There’s a way to do it better – find it.”
~Thomas Edison

Just as a quick refresher before we get into it...

Section 8 is a federal government program that provides housing for low-income, disabled or elderly individuals and families. In a nutshell, the government guarantees that the landlord will be paid rent.

Getting in touch with those Section 8 landlords is your first step toward making the cash you’re looking for.

Let’s Get Together, Yeah, Yeah, Yeah

When reaching out to Section 8 landlords, you’re likely to find that many of them are either:

Motivated sellers
Cash buyers

Either way, this is a good thing for you – as an investor. You can scoop up new property deals and get rid of those that you no longer want on your hands.

So, how do you find these Section 8 landlords?

It’s incredibly easy.

Check out websites likes SocialServe and GoSection8. These are sites where Section 8 landlords list their properties available for sale. Call up the landlords of some of the promising-looking proprieties, and make your negotiations.

Remember – these are motivated people. They’re going to want to talk to you. You are helping them and they are helping you. It’s the circle of life! Well, not really – but you get my point.

rent Really, that’s about as easy as it gets. It’s not rocket science, people, but it is a clever way to use Section 8 websites to find motivated sellers and cash buyers.

Takin’ it to the Next Level

If you find that this tactic works well for your business, you may want to consider taking it one step further...

Mail out letters or postcards to Section 8 property owners and landlords that you find on Craigslist. It’s a simple, relatively low-cost way to connect with the people who are going to benefit your business.

Like I said – this is a super-duper easy way to find properties that you want to buy and to find landlords who want to buy from you – but it’s a technique that not all investors are aware of.

So, if you use this tactic strategically, you’ll already be putting yourself ahead of the pack. And that’s always a good thing.

Sharing is Caring

What other methods (online or otherwise) can you think of that would be effective ways to reach Section 8 landlords? Have you tried any of these methods? Talk to me in the comments below.

Start the search. Set aside time to browse Section 8 websites (such as those I mentioned) each week. The more you search, the more you’ll start to recognize the property deals that might be good fits for your business strategy.

Pick up that phone. Make it your goal to call at least 3 Section 8 property owners per week, to gauge their interest in selling their houses or buying yours.

Get creative. Mock up a letter or direct mail piece that you can send to Section 8 landlords who list their properties on Craigslist. You should always have these on hand, so you can send them quickly – should a good deal pop up online. Remember – these properties go fast, so don’t delay!