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Updated over 11 years ago on . Most recent reply

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Melvin Muckeray
  • kenosha, WI
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renting

Melvin Muckeray
  • kenosha, WI
Posted

I am currently in talks with a landlord. He has agreed to do a lease option agreement with me. Once I have the home under contract I was going to rent it out to another tenant. I was wondering if I could rent the property out to a tenant who is on section 8 or housing.

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Brian Gibbons
  • Investor
  • Sherman Oaks, CA
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Brian Gibbons
  • Investor
  • Sherman Oaks, CA
Replied

In Illinois, you are asking the owner landlord to do a sandwich lease where you are in the middle, and sub leasing to section 8 tenant.

What is in the deal for owner landlord? Why let you make money on his-her property?

A Motivated Seller is important.

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