NEW ORLEANS, LA / ACCESSWIRE / August 2, 2024 / Section 8 Karim has announced the successful closure of 150 rental properties, marking a significant milestone in its rapid expansion strategy. In a letter to its clients, Section 8 Karim celebrated this achievement and affirmed the company's commitment to providing quality housing for Section 8 tenants while capitalizing on the lucrative opportunities within the government-subsidized housing market.
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Karim Naoum, Louisiana's youngest Section 8 landlord, has a fresh take on property acquisition and management. The company is setting new benchmarks, using insider insights into the Section 8 system to boost returns for investors.
"Our success stems from a deep understanding of the Section 8 program and its nuances," Karim explained. "Focusing on single-family homes under $100,000 in landlord-friendly states, we've created a scalable model that benefits both investors and tenants."
Section 8 Karim's got a game plan that leans on DSCR (Debt Service Coverage Ratio) loans, relying on the property's rental income for qualification. This tactic means low down payments, usually in the $8,000 to $12,000 range, making Section 8 investments more accessible for a broader crowd of investors.
"One of the biggest misconceptions in this market is that there are no cities with properties from 60-80k that work with Section 8," Karim pointed out. "Truth is that there are a ton of cities that could cash flow 500-800/M per property in the south and the Midwest at that price range. Getting started with Section 8 can be complex, though it doesn't require anyone to be a genius or anything special. Like all things, it can be mastered through trial and error, but this can become expensive rather quickly."
Section 8 Karim helps its clients avoid this hurdle and earn a high return on investment. The team has developed proprietary methods for negotiating rents with Section 8 authorities, ensuring that properties consistently earn 10-30% above market rates. Additionally, their streamlined process for passing inspections and managing paperwork has significantly reduced the administrative burden on investors.
One of the most innovative aspects of Section 8 Karim's approach is its ability to acquire and manage properties entirely out of state. This remote investing model allows for greater diversification and takes advantage of the most favorable markets nationwide.
"We've dispelled many myths about Section 8 rentals," Karim continued. "Our data shows that the average Section 8 tenant stays in a property for 7.5 years, providing stable, long-term income for investors. And, with rents guaranteed by the government, our model offers recession-proof returns."
Section 8 Karim's success is not just about profits. The company takes pride in providing quality housing for individuals in need, aligning financial goals with social responsibility. This devotion to quality has driven an astounding 92% success rate among the 1,000+ students mentored through their Recession Proof Blueprints program. The company's aiming high, with dreams of owning over $100 million in rental properties in the next year or two.
About Section 8 Karim
Section 8 Karim was founded by Karim Naoum, the youngest Section 8 landlord in Louisiana. Specializing in acquiring and managing Section 8 rentals, the company has developed the Recession Proof Blueprint, a comprehensive system to learn how to Buy and Scale a Section 8 Portfolio.
Media Details:
Company name: Section 8 Karim
Press Contact: Karim Naoum
Email: karim@recessionproofblueprints.com
Website: https://recessionproofblueprints.com/
SOURCE: Section 8 Karim
View the original press release on accesswire.com