About Karim Naoum Naoum started his professional journey Functioning inside the Section 8 process, which gave the 23-year-aged firsthand expertise in how the program works plus a more powerful knowledge of its policies. This experience supplied Naoum with the applications important to acquire his personal Section 8 rental properties in a youthful age, and currently, he owns about 150 Section 8 rentals whilst never ever getting observed a few of the Homes in person. ADVERTISEMENT
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About Karim Naoum Naoum commenced his Specialist journey Performing inside the Section eight technique, which gave the 23-yr-outdated firsthand knowledge of how the program works and also a more robust knowledge of its principles. This working experience delivered Naoum Using the instruments important to purchase his individual Section eight rental Qualities in a younger age, and now, he owns in excess of a hundred and fifty Section eight rentals though never acquiring observed a few of the Houses in person. Ad
Now Enable’s take a look at many of Karim’s unique claims about Section eight, and see whenever they delay to scrutiny.
By no means! There are pros and cons to placing Section 8 tenants within your Houses, as I examine intimately in this post.
As a result, one particular key point to be aware of about Section eight is that it's federally funded but domestically administered.
This business is shifting how buyers strategy Section eight rentals, leveraging Naoum’s insider experience and a knowledge-pushed, systemized method of help real estate buyers. ADVERTISEMENT
In my view, these promises will likely be very difficult to provide on, as we’ll check out Karim Section 8 in detail below. Despite this, Karim is apparently convincing A good number of individuals to operate with him, at rather a steep Expense.
Beneath all the specific promises previously mentioned, there is yet another assert just below the surface on the pitches made by these Section eight influencers: that this variety of investing is on the market to ALL rental assets proprietors.
A voucher ensures to its holder that a certain part of the rent will be backed. Primarily based on their own income, the tenant will often, but not generally, be liable for some part of the rent, Together with the nearby housing authority paying out the rest directly to the landlord or assets supervisor.
And he’s not the only real one particular, Incidentally — you will find numerous other Section 8 promoters which include Tom Cruz, Eric Spofford, plus more. For my part, the claims they make simply don’t get up to very careful scrutiny.
You don’t really need to acquire my phrase for it. Other folks online have taken deep dives to the inventory of Qualities to find out if Karim’s statements hold up to scrutiny.