All Forum Posts by: Gautam S.

What about if the rent is higher than the approved voucher?

For example in Cook Co, each ZIP have a max limit that voucher will pay- e.g for a 3BR, say its $1400. Now my advertised rent is $1600.

Few landlords get the $1450 from the voucher and the balance ($200) they take directly from the tenant. This practice is actually NOT allowed in Sec-8 program ( AFAIK)! You can not have the $200 payment as part of the Lease.

In this situation, can I say "The $1600 rent is not approved by Sec-8 voucher so I can not work with you".

Any thoughts on this?

For traditional financing contact @Jerry Padilla !

Please send me the G Doc and details!

I am a buy & Hold investor..

If you have any deals of SFH (3/1+) below $110K with light rehab needed, please send me to evaluate.

Good luck!

Just remodeled wonderful 3 Bedroom Home In Desirable Evergreen Park Location! Freshly Painted, New Hardwood Floors throughout, New Roof & Gutter, New Windows, Remodeled Baths. All Appliances stays. Award Winning Evergreen Park School district, close to Hospitals, shopping & expressways!

Added a 3rd BR in first floor with plan done by architect and approved by Village.

Will be a great cash flowing rental property in this high demand rental area!

Out of state investors, don't miss this opportunity to own a piece of Chicago Real Estate market!

http://www.zillow.com/homedetails/2645-W-97th-St-E...

Message me for details and showing.

@Alex Sanchez - Welcome to BP... You are in the right place to learn REI.

What is your invest goals, Flips or Buy n Hold?

Which are you are looking to invest?

If you are thinking about wholesaling, please let me know.

All the best!

@Spencer Young Welcome to BP nation and Congrats on your 1st Duplex!

I am also from the area and BnH investor... Let me know if I can help in anyway!

Cheers!

@A.R. Coningsby  - Not sure if you have already requested  the info from City via  FOIA request ( Freedom of Information Act). Most of the city must comply to a FOIA request for any property.

Check with village/city office.

Cheers!

Sorry.. I already found one.

But the village needs Architect's Stamp. so just can not use you service.

Cheers!

@Monisha L. Welcome to BP Nation! You are at the right place to learn all about REI online.

But the best way to learn is to buy your 1st distress property that needs light rehab.

You will learn a lot just by doing one project from start to finish.

Don't ignore the financing part!! very important if you really want to scale up... no one have unlimited funds...LOL!

Let me know if I can be of any help.

All the best!