575: Killer Cash Flow with This “Tenant-First” Section 8 Rental Strategy w/Joe Asamoah 01:04:19

    <p><strong>Section 8 BRRRR investing</strong> seems like a niche within a niche. To start, you have your classic <a href="https://www.biggerpockets.com/guides/brrrr-method">BRRRR strategy</a> (buy, rehab, rent, refinance repeat), a method that many real estate investors have used to <strong>gain vast amounts of equity </strong>in short amounts of time. Then, on top of the BRRRR, you have section 8 rentals, which many investors stray away from. Both of these investment strategies can be thought of as “advanced” rental property investing methods, but combining them can almost <strong>automatically guarantee you phenomenal rent, for years (if not decades) to come</strong>.</p><p>One investor known for his expertise in both section 8 rentals and BRRRR investing is <a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-498-joe-asamoah-pt-1"><strong>Dr. Joe Asamoah</strong></a>. Regularly, Dr. Joe may be the smartest person in the room and he really shines when speaking about the often forgotten<strong> benefits of section 8 rentals</strong>. While many investors simply think of D-class houses and D-class tenants when accepting section 8 vouchers, Dr. Joe disagrees.</p><p>His theory is simple—Find C or D-class properties in B-class neighborhoods, and <strong>rent to A-class </strong><a href="https://www.biggerpockets.com/blog/section-8-tenants-pros"><strong>section 8 tenants</strong></a>. The payoff? Very <strong>long-term tenants with guaranteed rent </strong>whose lives you can benefit directly. And Dr. Joe isn't just hypothesizing about this—he’s been doing this for decades and may be why he has <strong>tenants who have stayed with him for over twenty years</strong>, paying rent every month, on time.</p><p><strong>In This Episode We Cover:</strong></p><p><strong>Before and after photos</strong> of Dr. Joe’s most recent <strong>section 8 BRRRR rental</strong></p><p><strong>Renovation hiccups</strong> when doing large renovations/BRRRR deals</p><p>The<strong> “bedroom-to-cash-flow” ratio</strong> that makes section 8 a lucrative choice for investors</p><p>How to<strong> find the highest quality, long-term tenants</strong> in your investing area</p><p>Building multiple <a href="https://www.biggerpockets.com/blog/exit-strategies-real-estate"><strong>exit strategies</strong></a> out of one property for maximum cash flow and equity gain</p><p>The <strong>most common </strong><a href="https://www.biggerpockets.com/blog/brrrr-risks"><strong>BRRRR risks</strong></a> and how to mitigate appraisal and tenant headaches</p><p>And <strong>So </strong>Much More!</p><p><strong>Links from the Show:</strong></p><p><a href="https://www.youtube.com/c/biggerpockets">BiggerPockets YouTube Channel</a></p><p><a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-356-joe-asamoah">BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah</a></p><p><a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-498-joe-asamoah-pt-1">BiggerPockets Podcast 498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1)</a></p><p><a href="https://www.zillow.com/">Zillow</a></p><p><a href="https://craigslist.org/">Craigslist</a></p><p><a href="https://www.affordablehousing.com/">AffordableHousing.com (formerly GoSection8.com)</a></p><p><a href="https://www.instagram.com/davidgreene24/">David Greene's Instagram David</a></p><p><a href="https://www.youtube.com/c/DavidGreeneRealEstate">David Greene Real Estate YouTube Channel</a></p><p><a href="https://www.instagram.com/robuilt/">Robert Abasolo's Instagram</a></p><p><a href="https://www.youtube.com/channel/UCdIM_XmhsVYbBhl3pgPq3dA">Robert Abasolo's Robuilt YouTube Channel</a></p><p><a href="https://www.tiktok.com/@robuilto">Robert Abasolo's TikTok</a></p><p>Check the full show notes here: https://biggerpockets.com/show575</p>
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