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Frequently Asked Questions
Everything you need to know!
What is Section 8 housing?
Section 8 program, officially known as the Housing Choice Voucher Program, is an initiative by the U.S. Department of Housing and Urban Development (HUD) that allows low-income families to rent homes in the private market. A portion of their rent is paid directly to landlords, providing a consistent income stream and reducing the risk of missed payments.
How does CFP help navigate acquiring a property for Section 8?
CFP guides you through every step of the process:
Portfolio Structure Guidance: Whether you're a first-timer or looking to expand, CFP helps you develop a comprehensive strategy.
Resources and Tools: CFP offers resources like blog articles, guides, and calculators to help you make informed decisions.
Ongoing Support: CFP provides ongoing support, helping you troubleshoot challenges and maximize cash flow.
What’s the minimum amount of funds I should have to apply to be a CFP client?
Typically, our clients have a minimum of $40,000 in liquid capital. We generally look for properties with down payments averaging between $15,000 to $25,000, though some may fall outside of this range from time-to-time.
How do I earn income from my property? What would be my return on a property?
CFP targets properties with net monthly cash flows between $400 to $700.
What kind of properties do you look for?
CFP primarily sources single-family homes but will occasionally find duplexes, triplexes, and quadplexes that meet our criteria.
How do you ensure the quality of the properties?
CFP evaluates potential properties to ensure they align with your strategy and market conditions.
Can I visit the properties I buy?
Yes, you can visit and inspect the property yourself. CFP can recommend inspectors and other contractors if you would rather handle everything through professionals.
If I pay your fee, how much more capital do I need for the down payment?
On average, down payments range from $15,000 to $25,000, with closing costs typically between $4,000 to $7,000. Typically, clients have a minimum of $40,000 in free capital.
How does the “Done for You” process work?
CFP provides a concierge-like experience, guiding you through the entire process from acquiring the property to connecting you with property management and tenant sourcing.
What is the timeline for getting a property after I pay the CFP service fee?
CFP has up to 12 months to send you properties, but most clients receive their first property opportunity within 30 to 90 days.
When do I pay you for your services?
Payment is required to become a CFP client after submitting an application.
Do you provide property managers?
Yes, CFP has relationships with multiple property management companies.
Are there age requirements?
Private lenders generally require clients to be at least 21 years old. However, prior homeownership can bypass this restriction. CFP clients must be at least 18 years old.
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