LLC and Section 8
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
LLC and Section 8 (by Gene Herman [MI]) Sep 12, 2020 10:32 AM
       LLC and Section 8 (by Gene Herman [MI]) Sep 12, 2020 10:35 AM
       LLC and Section 8 (by plenty [MO]) Sep 12, 2020 10:37 AM
       LLC and Section 8 (by Bill [NC]) Sep 12, 2020 10:41 AM
       LLC and Section 8 (by JAC [OH]) Sep 12, 2020 10:46 AM
       LLC and Section 8 (by Gene Herman [MI]) Sep 12, 2020 10:58 AM
       LLC and Section 8 (by opm [OR]) Sep 12, 2020 11:09 AM
       LLC and Section 8 (by Carolyn [MO]) Sep 12, 2020 11:17 AM
       LLC and Section 8 (by DJ [VA]) Sep 12, 2020 11:29 AM
       LLC and Section 8 (by Ken [NY]) Sep 12, 2020 12:29 PM
       LLC and Section 8 (by Still Learning [NH]) Sep 12, 2020 1:12 PM
       LLC and Section 8 (by Deanna [TX]) Sep 12, 2020 3:05 PM
       LLC and Section 8 (by melinda [MD]) Sep 12, 2020 3:35 PM
       LLC and Section 8 (by Vee [OH]) Sep 13, 2020 10:11 AM
       LLC and Section 8 (by ChicagoLL [IL]) Sep 13, 2020 10:12 AM
       LLC and Section 8 (by plenty [MO]) Sep 13, 2020 6:51 PM
       LLC and Section 8 (by John... [MI]) Sep 14, 2020 8:39 AM
       LLC and Section 8 (by Frank [NJ]) Sep 14, 2020 9:12 AM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

LLC and Section 8 (by Gene Herman [MI]) Posted on: Sep 12, 2020 10:32 AM
Message:

My sister can qualify for a section 8 voucher. Can I create a LLC buy a home under the LLC and rent it to her. I canít do it as a family member but as an LLC? --96.42.xxx.xxx




LLC and Section 8 (by Gene Herman [MI]) Posted on: Sep 12, 2020 10:35 AM
Message:

My sister can qualify for a section 8 voucher. Can I create a LLC, buy a home and rent it to her using the LLC as landlord? I canít do that as family member. --96.42.xxx.xxx




LLC and Section 8 (by plenty [MO]) Posted on: Sep 12, 2020 10:37 AM
Message:

I wouldn't. --99.203.xx.xxx




LLC and Section 8 (by Bill [NC]) Posted on: Sep 12, 2020 10:41 AM
Message:

Never rent to family --75.138.xxx.xxx




LLC and Section 8 (by JAC [OH]) Posted on: Sep 12, 2020 10:46 AM
Message:

sure you could. I bet you are one of those people that scream government overreach when they find out and prosecute you for fraud. Will they find out? Probably not. Often a rule on this forum. Never rent to friends and family. What happens if your sister stops paying rent then retaliates by notifying section 8? --50.5.xxx.xx




LLC and Section 8 (by Gene Herman [MI]) Posted on: Sep 12, 2020 10:58 AM
Message:

Sister has limited resources and is going thru divorce. Just asking if this was legal. --96.42.xxx.xxx




LLC and Section 8 (by opm [OR]) Posted on: Sep 12, 2020 11:09 AM
Message:

Gene...please find an atty that deals in S8 --162.247.xx.xx




LLC and Section 8 (by Carolyn [MO]) Posted on: Sep 12, 2020 11:17 AM
Message:

Possibly you could. However, I would advise against it. I don't know about your Housing Authority, but in my area persons are checking on this kind of thing and have their own set of rules that may not allow something that is actually legal. It would be a risk to your sister of possibly getting kicked off Section 8.

--136.34.xxx.xxx




LLC and Section 8 (by DJ [VA]) Posted on: Sep 12, 2020 11:29 AM
Message:

You better ask a local housing attorney to learn whether it is legal.

BUT, there many reasons why it is a BAD idea. Good luck --70.160.xxx.xxx




LLC and Section 8 (by Ken [NY]) Posted on: Sep 12, 2020 12:29 PM
Message:

I would say do what DJ said,call the housing authority and if they say it is ok then have the head guy put it in writing.I doubt it will be ok though.Let your sister go find her own place. --104.229.xxx.xxx




LLC and Section 8 (by Still Learning [NH]) Posted on: Sep 12, 2020 1:12 PM
Message:

I know parents that did that for their son, but they worked with the local housing authority and had permission. A previous tenant's family did this and also worked with the housing authority. I believe it involved some doctor's approvals. I can see how this is appealing but could also go very poorly as well. --73.17.xx.xxx




LLC and Section 8 (by Deanna [TX]) Posted on: Sep 12, 2020 3:05 PM
Message:

I know when I give references for people moving into government housing, they always ask if I, as the ll, have any relation to the individual, regardless of the LLC entity itself.

I also found that when dealing with banks/credit cards/loans/taxes, the entities could care less about the LLCs that own the houses... their dealings are with me, as the individual behind the LLC, no matter how much I try to shift the focus onto the LLC itself.

If you want to help your sister, help your sister outright and say, "Here's a house." Whether you get paid or not, or whether she cares for the house or not-- it doesn't matter, because your primary concern is helping your sister, not making a profit or breaking even.

Otherwise, if your sister has a S8 voucher, let her go spend her voucher as normal, and don't mix business and family. And then if you want to help her out because of her limited resources, send her a Walmart gift card every so often as a hope-this-helps-was-thinking-about-you kind of gift. --96.46.xxx.xx




LLC and Section 8 (by melinda [MD]) Posted on: Sep 12, 2020 3:35 PM
Message:

Bad idea. No good deed goes unpunished. One argument or issue and she gets angry and reports you to Housing. NoNoNo --24.233.xxx.xx




LLC and Section 8 (by Vee [OH]) Posted on: Sep 13, 2020 10:11 AM
Message:

You may be able to provide immediate family with housing, however if you have no sec8 experience this is not the place to start the learning curve in being a housing provider, one wrong move and the government resource center will gladly demand a refund of the funding used for their client whether an LLC or a named family member - it is what the news team wants to report on saving funding to help other families that makes it unique to the big picture. --76.188.xxx.xxx




LLC and Section 8 (by ChicagoLL [IL]) Posted on: Sep 13, 2020 10:12 AM
Message:

I wouldn't do it for 2 reasons:

1. Renting to family/friends mostly ends badly

2. You're related to your sis even if you try to rent through LLC. It could jeopardize her voucher and they stop paying you rent. --99.128.xxx.xxx




LLC and Section 8 (by plenty [MO]) Posted on: Sep 13, 2020 6:51 PM
Message:

Just for the record, I did do this once. For family. I checked the box on the section 8 form so they knew goin in that we were family, very close family, as in your situation. I risk everything going south and they could ask me to repay all the money they paid me over the years. It never went south, never an issue, but i did loose a few sleepness nights and it was always in the back of my mind and I always held more in holding saving just incase. So i guess it can be done, I never put the property in an LLC that for sure would be a FACT that you were trying something that they don't like and you just built their case against you as shady business practice. My relative and I had different last names, maybe you do also. So perhaps just fill out the papers, and disclose that you are related, but having different last names may help you HELP her. However I would still stand by my first entry - I wouldn't. I wouldn't do it again, it's a different world now, this was about 20 years ago, computer and such have come a long way for cross referencing! --99.203.xx.xx




LLC and Section 8 (by John... [MI]) Posted on: Sep 14, 2020 8:39 AM
Message:

Since you are just asking if this is LEGAL or not -- not if you can get away with it -- why don't you simply call your local Section-8 Housing Provider and ASK them? Just disclose that you would be a Managing Member of an LLC that would own the unit -- and ask if you can rent it to her. Again, if all you REALLY want to know is if this is legal, then just disclose it and ask them.

Also, you state that your sister "can qualify for a section 8 voucher". That "can" is my question. She HAS qualified or you think she CAN under their guidelines? In most areas in Michigan, there is a 12-18 month waiting period right now for a Section-8 voucher once someone "qualifies." So, are you at the point where she HAS a voucher? Or where she is about to sign up and MIGHT get one in 12-18 months?

- John...

--96.40.xx.xx




LLC and Section 8 (by Frank [NJ]) Posted on: Sep 14, 2020 9:12 AM
Message:

Whatever the answer from Sectio 8...get it in writing. --174.225.xxx.xxx



Click Here to send this discussion to a friend
Report discussion to Webmaster


Reply:
Subject: RE: LLC and Section 8
Your Name:
Your State:

Message:
LLC and Section 8
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: