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All Forum Posts by: Mark Nouveau

Mark Nouveau has started 2 posts and replied 2 times.

Real Estate Deal Analysis & Advice

Post: What Am I Missing?

Mark NouveauPosted
  • Condo Investor
  • Chicago, IL
  • Posts 3
  • Votes 1

This is my first offer on a 3-unit building. This will be a buy and hold for me for equity build-up. Any insight is welcome!

I will have to pay for water -- here in Chicago water is only a couple hundred so I left it out as a line item.

Here are the details:

1 Vote
General Landlording & Rental Properties

Post: ?Government Shutdown - No More Section 8?

Mark NouveauPosted
  • Condo Investor
  • Chicago, IL
  • Posts 3
  • Votes 1

I'm considering purchasing a couple of multi-units in an area that would be pretty good for Section 8. I'm expecting that I will have tenants that will be using Section 8 vouchers.

I'm concerned that the government shutdown will have an effect on rentals. So, before I get into these properties, I've done some research and here's what I've noticed:

- Delayed payments in October

- Status of November payments are unknown

- Landlords may receive partial payments from tenants

Any Section 8 landlords have some feedback?

Any thoughts on being a Section 8 landlord?

0 Votes