Most people don’t associate the BRRRR strategy with section 8 rentals. When most people think about section 8 rentals, they think of rundown homes, troublesome tenants, and negligent landlords. This stereotype may prove true in some markets, but for Dr. Joe Asamoah, this is far from reality.

Joe has built his real estate portfolio by renovating homes to an incredibly high standard, situated in some of the best neighborhoods in the DC market, and all while under section 8 housing. Joe figured out early on that section 8 housing authorities gave much more rent money for houses with 5 bedrooms and up, so he started renovating to match the rent section 8 could provide him. This not only allows him to take home a sizable profit, but score tenants who will respect his homes as their own, and stay there for 15 to 20 years minimum. This is no joke, Joe has tenants who have been with him for two decades!

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https://www.biggerpockets.com/blog/bi...
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https://joeasamoah.com/
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Grab the BiggerPockets Books Mentioned in Today’s Show:

Investing in Real Estate with No (and Low) Money Down
https://store.biggerpockets.com/colle...
The Multifamily Millionaire, Volume I
https://store.biggerpockets.com/produ...
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Episode 498

Show notes at: https://www.biggerpockets.com/show498

0:00 Intro
3:59 Quick Tip
5:39 Welcome Back, Dr. Joe!
8:34 The Big City BRRRR (with a Section 8 Twist)
11:52 Real Estate for the LongTerm
20:45 How to Find Properties in a HOT Market?
24:02 Section 8 & Bedroom Counts
25:58 Finding This Deal
30:31 The Initial Property Numbers
34:25 The BRRRR Strategy
36:50 Financing the Deal
42:39 Designing the Rehab
47:24 Finding a Great Architect
48:49 Finding Reliable Contractors
51:32 The 10 Steps of a Renovation
56:52 Managing (Without a Manager)
1:05:19 Become THE Best Landlord
1:08:36 Famous Four
1:16:25 Reviewing Joe's Big City Strategy