Learn how to unlock your passive income generation potential with Karim Naoum
The term “Section 8” is still shrouded in mystery since many real estate investors and landlords eye this rental housing assistance program with suspicion. Some small-time investors think that the HUD Department is difficult to work with while others believe that Section 8 areas aren’t easy to locate on the map. Karim Naoum, the owner of Section 8 Training, is a young investor & real estate wunderkind who is working hard to dispel these myths and doubts. His experience with the Section 8 program has helped Karim to come up with a program that trains landlords to generate decent passive income by utilizing this wonderful opportunity.
Known across his social media profiles as “Section 8 Karim,” he is changing the way real estate investors view Section 8 tenants. So, what sort of myths are associated with Section 8? These myths have stopped many landlords from participating in the housing choice voucher program that runs under the HUD’s Section 8.
Section 8 Vouchers: Stigmas and Misconceptions
Section 8 housing voucher discrimination persists and many landlords rebuff such tenants under the assumption that Section 8 renters aren’t good enough. Many real estate investors also think that Section 8 isn’t a long-lasting investment opportunity or that the associated paperwork is just too hard to make sense of. Others believe that there are simply no cities with properties worth $60k to $80k that work under Section 8. There’s a myth that Section 8 is very complicated and requires the investor to always be present to oversee their properties.
Section 8 Karim has spent his early 20s disproving these misconceptions. His training regimen helps landlords realize that Section 8 is a powerful tool for passive income generation provided that you have the right mentorship. “Only three things in life are guaranteed; taxes, death, and Section 8 direct deposit payments,” Karim says. The young entrepreneur wants landlords in the South and Midwest to realize that Section 8 tenants are simply low-income folks whose rent is paid by the US government. Around 68% of this assistance helps senior citizens, children, and disabled individuals. 2.3 million households were getting this assistance in 2022 alone.
It’s a pretty stable investment with ample government backing. Karim diverts our attention to the fact that Section 8 has been around since ‘37 but since not even 1 in 10 landlords accept it, the US government will pay you ABOVE NORMAL RENT for accepting Section 8 tenants. Also, we are reminded of another crucial fact that average Section 8 tenants occupy a property for less than 8 years. There are many properties in states like Louisiana where houses worth $60k help you make at least $500 per month per property, explains Karim who happens to be a Bayou State native, too.
“Many investors shy away from Section 8 due to misconceptions and confusion,” says Karim. “[I have] developed a proven system that streamlines the process, transforming it into a passive income machine. [My] goal is to help others achieve financial freedom by enabling their money to work for them, not the other way around.” The owner of Section 8 Training has been working toward this goal since his teenage years.
Karim Naoum’s Journey and Investment Strategy
The saga of Section 8 Karim began when Karim Naoum was interning with a Section 8 housing authority at age 17. Narrating the origins of his Section 8 Training program, Karim says: “I first jumped into real estate interning at a local Section 8 housing authority in my county for 6 months, and I had begun to learn all the intricacies of Section 8 including many loopholes.” He has now trained over a thousand investors.
Working with the Section 8 housing program helped Karim understand this system from a young age and develop a formula for success in real estate investment. He found it quite challenging to create a system that worked for scalability. However, he shifted his attention toward building a team of battle-hardened Section 8 trainees to oversee his properties. That’s when Karim learned that managing Section 8 properties out-of-state is entirely possible. Now, his strategy is to invest in single-family homes in landlord-friendly states. His gameplay involves Debt Service Coverage Ratio (DSCR) loans that qualify investors based on their rental property’s expected income. So, even low down payments in the range of $8k to $12k can allow a large pool of investors to make it big in the Section 8 investment market, providing affordable housing to low-income individuals and making money on the side as a bonus.
Photo Credit: Section8Karim (Facebook)
How Can Section 8 Training Help Landlords?
Discovering these loopholes has helped Karim create a portfolio of 150 rentals under section 8. He also uses a variety of funding options, such as money from private lenders, govt-mandated programs, subject-to agreements, and his own financials. Naoum prides himself on his “ability to secure properties with investments between $5,000 and $12,000.” Now, he wants to share with would-be investors the secrets to make it big in the Section 8 niche. He wants landlords to know that they can always negotiate better rents under Section 8.
Branding himself as Section 8 Karim, he shows newbies how to pass inspections, do paperwork efficiently, purchase real estate out of state, leverage one’s resources carefully, secure new properties with minimal upfront investment, and generate passive income without even seeing the property you’ve bought (though this last thing is something only a master like Karim Naoum can do!). “The end goal is to have your money work for you instead of working for it your entire life,” remarks Karim. “I have found [that] many people know how to make a lot of money, but very few people know how to efficiently allocate [it] to create a [stream of] true passive income.”
He believes that his Section 8 Training isn’t just about making side money. He comments: “It’s about building a sustainable system that generates consistent passive income… while freeing you from the day-to-day grind.” The results of his training speak for themselves.
Section 8 Training Results
Karim believes that his program’s success stems from a deep understanding of how Section 8 works and what its nuances are. His formula involves focusing on single-family homes under a moderate $100k in landlord-friendly states. This scalable model is mutually beneficial for tenants and their landlords. This hidden Section 8 housing voucher potential allows Karim Naoum to try to destigmatize Section 8 tenants. Section 8 is a great way for low-income families to get a roof over their heads. Karim’s motto is to align his financial goals with social responsibility.
That’s how Section 8 Karim has achieved a success rate of over 90% among its students. Now, he aims to own over $100 million in rental properties over the next two years. The results are proof that Section 8 Training works and more landlords should focus on Karim’s mentorship.
About Section 8 Karim
As the youngest Section 8 landlord based in Louisiana, he owns 150 rental properties that are bringing him tens of thousands of dollars each month. Karim’s Section 8 Training helps landlords who want to work with Section 8 tenants. Now, as a real estate investor and educator with expertise in Section 8 rentals, he teaches students how to make sense of off-market sales, appeal to motivated sellers, attract quality tenants, and much more.
Contact Details
Email: karim@section8training.com
Website: https://section8karim.com/