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How to Profit from Section 8 Rentals with Shalece Daniels | Real Estate Investing Tips for Entrepreneurs
Manage episode 455143985 series 3614575
Το περιεχόμενο παρέχεται από το Shalece Daniels. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Shalece Daniels ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
Welcome to the Keys to Success Podcast! In this episode, we dive into the lucrative world of Section 8 rentals with Shalece Daniels, a seasoned real estate investor and avid traveler. Shalece shares her journey from starting as an 18-year-old landlord to becoming a full-time investor in Detroit’s Section 8 market. She reveals how she turned challenges like over-leveraging and market crashes into valuable lessons that shaped her successful real estate strategy.
Shalece explains the benefits of Section 8 housing, including guaranteed government-backed income and tips to find reliable tenants. Learn how she screens tenants, nurtures relationships, and maintains properties using a cost-effective approach. Shalece also breaks down her formula for calculating cap rates, showcasing how you can achieve up to a 22% return on investment in undervalued markets like Detroit. She dives into creative ways to finance properties, build community relationships, and address misconceptions about Section 8 tenants.
Shalece even gives a sneak peek into her upcoming book, sharing strategies for passing inspections, retaining tenants, and creating sustainable rental income. Whether you're a new investor or looking to scale, this episode is packed with actionable advice on working smarter, building generational wealth, and achieving time freedom—all while living your dream life.
Key takeaways:
- Why Section 8 rentals are a recession-proof investment.
- How to calculate cap rates and find undervalued markets.
- The power of tenant retention and how small gestures can increase long-term profitability.
- Building relationships with banks, inspectors, and community organizations for success.
- Overcoming limiting beliefs to achieve financial freedom and location independence.
Shalece also opens up about how exposure to new ideas helped her embrace a life of travel and financial independence. Her inspiring journey proves that with the right strategies, you can thrive in real estate and beyond.
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