Hey guys, I keep seeing the same concern come up in here and I want to address it head on.
Vacancy. Empty property. Government rent not showing up.
I get it. You're about to drop real money on a house in Cleveland or Birmingham you've never even seen. Of course that feels risky.
Here's what I actually see in my portfolio and my clients' portfolios: 70+ people, 100+ properties across these markets, and we're talking less than 2% actual vacancy. Not over the lifetime of ownership. In any given year.
Why? Because 7 million families are on Section 8 waiting lists right now. The government pays 70 to 100% of rent directly to your account every single month. A property sitting empty is money the tenant doesn't have and money the government isn't paying. Both sides want this filled.
My first deal got burglarized and failed HUD inspection. Lost 6K. I still learned that vacancy wasn't the real problem. Delay was.
What specific vacancy scenario keeps you up at night? Drop it below. Let's talk through what actually happens vs what you're picturing.