OK! the Boston curse Reversed

[jrj2820]

hey I am in teh Boston area of Mass and wouldlike to work along with anyone who is also a newbie in creative real estate.

I have a dream of helping section8 individuals get from where they are to financial freedom (assets payoff their Liabilities)

Welfare is going out the door and a new market is opening up and the lease2purchase will be a great opurtunity to help individuals who never thought it possible to own their own homes one day

if anyone is interested please
shoot me an E-mail so we can set up a
(FAIR WELFARE GROUP)

JRJ2820@YAHOO.COM

[Dan Auito]

Very noble Jrj. Some of the more seasoned land lords around hear will give you an earful regarding section 8, more often called suction 8 but hey why not do a few lease options if you can, sounds like an interesting twist, just make sure you get a good chunk of option money upfront. Non-refundable of course! Welcome to the family. :SM128:

[Aldo]

I do respect your intentions but, being realistic and knowledgable in the area of low/no-income tenants, I sincerely doubt that you will have any appreciable success. I'd compare your plan to my intention, when I go to the great beyond, to introduce the boss to religion.

Suction 8 tenants are: 1) incapable of reaching a point in life where they can afford to buy a home and keep it; 2) deadbeats trying to get whatever they can if it's free; or, 3) in between #1 and #2. They truly wish to own and work at it, but lack the drive necessary to succeed.

I know of one Suction 8 tenant who made it into investment RE while riding on the coat tails of his/her son who made the parent a partner in his LLC. To the best of my knowledge, that tenant is still a tenant. I admire your intentions but seriously believe that you don't have a snowball's chance in my next home.

[jrj2820]

My mother is on welfare and she is the reason why I had this dream.
She has 4 children that she is taking care of, she is very clean and responsible, and it made me look at secton8 tenants again (MIND YOU NOT BECAUSE SHE IS MY MOTHER i WANNA DO THIS BUT BECAUSE I GOT TO SEE A SECTION8 PERSON WHO IS NOT LIKE THE NORM IT MADE WONDER IF THERE ARE OTHERS OUT THERE AND HOW CAN THEY REACH ME)
I heard alot about sec8 tenants and would not like to meet the middle or low end of that stick. I do think that we can help, with the information we possess we can change a few things with a tenant (and totally change their way of thinking)

sorry aging for the bad experiences you guys have with sec8 but I do believe that there is going to be a market out there of sec8 tenants turning into responsible and financially free T/B.

Then again, who knows? jst my thoughts/DREAMS

[Aldo]

You certainly seem to have the drive required to make the difference you wish to see. With that said, I'll suggest something that was done locally, though with marginal success.
Several years ago I participated in the 'Tenant Training Program' which was presented by the Univ. of WI. It consisted of four two-hour sessions on Saturday mornings which featured representatives from a variety of local organizations. Presentations were made by Community Advocates, Social Services, HUD(suction 8), Small Claims Court, financial advisors, the police dept., Legal Aid Society, and a landlord(me).
Upon successful completion of the course, attendees were given a certificate of completion to present to potential landlords who were publicly asked to offer consideration for their participation. I personally offered an immediate $10 rent reduction and promised no rent increases as long as the tenant remained with me.
Again, this had marginal results, but results nonetheless. We did help some folks which appears to be your goal. If you have the time and resources, this might be something to consider.