Ep #21: Section 8 rentals: An in depth conversation with section 8 expert - Al Roti
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.8 • 679 Ratings
🗓️ 19 May 2014
⏱️ 60 minutes
🧾️ Download transcript
Summary
Al Roti is a nationally recognized author & expert in the niche of government assisted section 8 rentals. Al began his investing business more than 20 years ago working as an apprentice carpenter for another local investor who specialized in low-income section 8 rentals. Very quickly, Al realized that he wanted to become a property owner and investor so he did what any smart person would do, he went looking for a mentor. As luck would have it, Al worked out a deal with his current boss to show him the ropes and help him buy his first investment property, and in exchange Al would agree to work for free.
Fast forward twenty years; Al has built a very impressive rental portfolio consisting of 50+ single family homes in great neighborhoods that he rents to section 8 tenants that throw off a massive cash flow. His system of finding only the BEST tenants is so good that in his 20+ years of investing he’s never had to file a formal eviction.
In this interview, Al shares with us his secret sauce that has made him a multi-millionaire. Al opened my eyes to multiple things I never knew about the section 8 business and I’m positive that you’ll also gain a vast amount of powerful knowledge from this interview as well.
In this interview with Al you’re going to learn:
· What section 8 is and how it works
· How to get your rents guaranteed by the government using the voucher program
· The process of finding extremely high quality section 8 tenants and filtering out the bad ones
· Why Al prefers to buy in good areas vs. the more common crime ridden low-income section 8 areas
· The benefit behind section 8’s yearly inspection process and how to use it to your advantage
· How slow and steady investing has allowed Al to build a massive cash flow machine
· And much more
Transcript
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| 0:00.0 | You've been searching for the best way to generate passive income in your life |
| 0:06.5 | and heard that real estate is a great way to do it. |
| 0:09.4 | But you're tired of all the so-called gurus who are all talk and no substance. |
| 0:15.3 | Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen. |
| 0:21.7 | This is the Real Estate Investing for Cash Flow podcast. |
| 0:25.2 | Now, here's Kevin Bup. |
| 0:30.2 | Hey guys, Kevin Bup here with episode number 21 of the Real Estate Investors for Cashflow |
| 0:35.6 | Podcast, where our mission is to help you build and maintain massive amounts of cash flow through income producing real estate investment for cash flow podcast, where our mission is to help you build and |
| 0:38.1 | maintain massive amounts of cash flow through income producing real estate investments. |
| 0:42.7 | Our guests in the show today is Al Rodey. |
| 0:44.8 | Al is a Section 8 expert who is going to show you how his unique tenant screening tactics |
| 0:48.9 | has allowed them to find only the best Section 8 tenants and build a multimillion dollar |
| 0:52.8 | real estate portfolio that |
| 0:54.4 | throws off massive amounts of monthly cash flow. And best yet, it's all guaranteed by the government. |
| 0:59.9 | Yep, that's right. He gets checks in the mail every single month from the government. So they're on |
| 1:05.0 | time. At least for now, they're on time. So, you know, the Section 8 voucher program, aka |
| 1:10.5 | Section 8 of the Housing Act |
| 1:13.1 | of 1937, provides tenant-based rental assistance to private landlords. You know, most people |
| 1:18.7 | think of Section 8, they think of crime, they think of drugs, they think of prostitution, |
| 1:23.3 | and all the other bad elements that are synonymous with low-income rentals. But Al is going to show you a different way. |
| 1:30.5 | See, he's built an entire portfolio by buying choice properties in great areas and pairing |
| 1:35.8 | them with the top-notch Section 8 candidates. |
... |
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