Jul 18 in General discussion
The "Section 8 Secret" to Making BIG Cashflow with LIHTC
To qualify to live in a LIHTC (low-income housing tax credit) housing, your tenants has to have income lower than 50%-60% of the AMI (average median income).
However, the "secret" that LIHTC investors know that most apartment syndicators don't know is that you can have Section 8 voucher tenants so long as they are within the AMI restrictions.
"So what?"
It means your LIHTC Net max rent (amount you can charge tenant) can be a lot higher than the 50-60% of AMI as affordable rent.
For example, on a 52-unit we're buying, the max rent for 50% of AMI for 3 bedrooms is $1,077 but we can charge $1,402 for section 8!
Today at 12NN Eastern, we're doing a LIVE WEBINAR about investing passively in multifamily especially LIHTC. Comment "LIHTC" below and I'll send you the Zoom registration link.
You can also write your questions in the Comments below and I will try to answer all of them today at 12NN est.
See you there!
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The "Section 8 Secret" to Making BIG Cashflow with LIHTC
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