All Forum Posts by: Eva Goulbourne

@Scot Howat Great point. I like doing what most people are not. I feel it gives me an advantage. So yes, I'm sure I want to find great tenants where their rent is 80% (if not more) paid by CHA (Chicago Housing Authority). I plan on buying homes with more than 4 bedrooms, not condos as I currently own. A voucher from CHA for a 4 bedroom home can be up to $3,098.. 

Side note, I have a family member who works for cook county as a police officer, has for many years. He's been to his fair share of section 8 housing, I must admit, I have not, but I can image! These places can be disgusting with cockroaches as pets he mentioned. This is a common assumption with low income families. HOWEVER, he has been in section 8 housing that was Spotless! A hard smell of cleaning products all around to keep the cockroaches away. Just because a family is low on income doesn't mean that they aren't clean, in fact the opposite could be true. I see potential for great long lasting tenants where the rent is guaranteed. 

@David Kazarian People with low income apply for housing vouchers and then they look for a place to live. Chicago Housing Authority has it's own website with all the information about it. I would have to register my investment property with the housing authority and then people with section 8 would find it on the website. I would also advertise the property everywhere else. As a Realtor I have helped people rent out  homes, I always have people with section 8 vouchers call.. there's no shortage for sure.

Hello Everyone, Happy New Year! I finally joined the Biggerpockets community! I've been following Brandon for a couple of years now, maybe more, so it's time. This year I want to get deeper into investing and buy more properties. In addition to helping more people buy and sell their properties.

I listen to the Biggerpockets podcast frequently and I found the strategy I want to use in episode 356. Joe Asamoah is buying homes and renting them out to section 8 tenants in Washington D.C. As you probably know, the market in Washington D.C. is expensive. Although not as expensive here in the NW Suburbs of Chicago, we still have ridiculous taxes. Since they cleared out Cabrini-Green and other public housing from Chicago, we are seeing more section 8 housing moving into our neighborhoods. I see a need for more section 8 housing that's as good as a luxury apartment. I also see that Illinois won't be getting rid of this voucher program anytime soon, in fact, it's growing yearly. I agree that there is a stigma attached to section 8 housing and to be honest, it doesn't bother me. Everyone deserves a nice place to call home if they want one. I would say I have a talent for attracting and finding great tenants. I'm not afraid to dig deep and ask uncomfortable questions. If anyone is using this strategy in my area, I'd love to hear how it's working for you!

If you are in the Chicagoland area, in my specific area, let's connect! 

Having said all that.. I will be eventually making the move to Florida. September 2022 is the plan. Not exactly sure where.. somewhere along the Atlantic, possibly Delray Beach?? If anyone buys homes in Florida along the Atlantic, then rents them out to section 8 tenants I'd love to hear from you! I'd like to know if there is a need for it as much as there is here in the Chicagoland market. I'd also like to know if you think the state handels the process adequately. 

Thank you for taking the time to read my post! I look forward to connecting and learning from each other!