Episode summary

I Bought 6 Section 8 Houses in 6 Months (HUGE Cash Flow)

Biggerpockets · · Hosts: Dave Meyer · Guests: Lawrence Guerguis

I Bought 6 Section 8 Houses in 6 Months (HUGE Cash Flow) – Biggerpockets

Summary

Lawrence Guerguis described how he started with no personal assets, then found a private-money partner by posting in crypto Discord channels and arguing that volatile digital assets should be swapped for tangible investments. That outreach led to a partnership and a move to Cleveland, Ohio, where he spent time on Zillow, asked listing agents for video tours, and toured dozens of homes to learn the local market and the mechanics of older properties.

His first deal was a duplex with two long-term Section 8 tenants paying very low rents. Because the property had already passed inspections, he says he could raise the rents to 2024 standards without doing any work. The deal produced strong cash flow immediately, and he said that pattern continued as he bought more houses over the next several months.

Lawrence’s goal was six houses in a year, but he says he reached six houses in six months. He financed the purchases with private money for the down payments, later bought out the equity partner, and then redirected the properties’ cash flow into his personal portfolio. The core argument was that disciplined underwriting, Section 8 rent resets, and persistent deal sourcing can create strong returns even in a high-rate environment.

Key takeaways

  • Lawrence says he found his first capital partner by pitching tangible assets to crypto traders in Discord.
  • He learned Cleveland by requesting video tours from roughly 50 agents and then touring 60 to 70 houses in his first week there.
  • His first duplex had two Section 8 tenants paying $650 each, and he says he could raise both units to about $1,200 without renovations.
  • He says he bought six houses in six months and funded the deals with private-money down payments of about $17,000 to $20,000 each.
  • Lawrence says he later bought out the equity partner and kept the cash flow for his own portfolio.

Notable quotes

“I didn't have any personal assets to take money from. So I was going in different crypto Discord channels just trash talkinging these people”

— Lawrence Guerguis

“invest in tangible assets. Invest in tangible assets. And I was doing it so many Discords with hundreds of thousands of people”

— Lawrence Guerguis

“The first week I was there, I tooured easily over 60, 70 houses”

— Lawrence Guerguis at 1:00

“I could increase the rents right away to the standard of 2024 without doing any work”

— Lawrence Guerguis at 4:22

“my goal was six houses in a year. So thankfully we bought the sixth house in 6 months”

— Lawrence Guerguis at 4:22

Topics

  • section 8 investing
  • cash flow rentals
  • real estate walkthroughs
  • rent increases
  • using partnerships to buy properties

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Watch “I Bought 6 Section 8 Houses in 6 Months (HUGE Cash Flow)” on YouTube

Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.

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