All Forum Posts by: Edward Pang

Thank you! I will follow up with that. Yeah I'm more looking to house hack in Bridgeport/Canaryville and maybe do the Section 8 as a investment property. Appreciate the advice!

I see. Would you be able to connect me with an investor that has experience with that? Thank you.

 I'm personally most interested in something that will cash flow. I was hoping to find something that would cash flow for less than 20% down but that seems hard to find and the ones that do I don't personally want to live there to house hack haha.

If you consider Cicero B class does that mean you're looking in C class neighborhoods for these investments? And I was looking into East Side, Chicago neighborhood as section 8 considers it a "mobility area" and gives additional incentives for landlords. Do you have any experience getting certified for section 8?

Curious what people think of this area. There seems to be some good deals in this area and is an eligible area for Section 8 housing as well. Do you think this would be a good area for opportunity for a first time investor? Thanks.

@Rj D. Apparently for advertising outside marketplace? I don't get it lol

@Henry Lazerow Great information! Thanks for writing this up! I've been looking for house hacks in Bridgeport and Pilsen but sadly I think I'm too late.

Hi, my first post was removed but I've been living in Chicago for 4 years now (currently in Bridgeport) and I'm interested in my first Real Estate investment. Mostly interested in Multifamilies for a house hack or rental property. I've also read about some potential to renting in the "mobility areas" for Section 8 and was wondering if anyone knew much about the "East Side" area by the Calumet River or Archer Heights. I've tried looking for house hacks in Bridgeport, but they just seem to be too expensive. 

Looking forward to connect with you all!

@Rj D. That's great! How do you vet your section 8 tenants? What kind of tenants are they usually? Families or just individuals? Do you do section 8 through CHA and was it difficult to get your properties certified for Section 8?

If you don't mind me asking, what were the numbers like for your house hack and your 6 unit? I'm trying to get a good idea of what to look for. 

Hi, I've been living in the Chicagoland Area for 4 years now and am considering investing here. Currently living in Bridgeport and was trying to find a multifamily to house hack, but most seem to be too expensive with the property tax here. I was also looking into renting in Section 8 because there are some potential units in East Side, Chicago and both Bridgeport and East Side are considered "mobility areas" for section 8 which has added benefits for Section 8 landlords.

I'd like to network with others in the area and learn about any experiences you guys have had with investing in Chicago and learn more about Section 8. I look forward to learning and hearing from all of you!