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re: TigerLand has gone downhill so badly!

Posted on 10/10/22 at 8:43 pm to
Posted by lsusteve1
Member since Dec 2004
42879 posts
Posted on 10/10/22 at 8:43 pm to
quote:

As someone who used to have a complex that we ended up turning sec 8, in north br not tiger land, I can say it beats the hell out of hounding people for rent money and has guaranteed rent increases. As long as you do minimum maintenance it’s a goldmine.

We ended up selling it for at least 1/3 more than it would have had it not been sec 8.

Sec 8 is a godsend for complex owners whose properties get absorbed into the hood.

I doubt any of the owners would sell unless the offer was really good. Hard to turn down that govt auto deposit every month.


Well, at least you benefitted

Thank you for selling out and becoming dependent on Government.
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