All Forum Posts by: Sean Gimpert

Anyone have experience in Sauk Village Illinois and specifically renting? I know it is cook county which isn’t great for landlords. Thanks in advance!

@Ricardo Gomez

I financed my two homes in romeoville. Also have a 2 flat in Tinley Park that I used a heloc to finance. I only looked at one property in Joliet and the rents didn't work with the price. I really don't know much about Joliet to give any advice.

Hey Ricardo,

Welcome to BP! I have a few houses in Romeoville I am renting out and love the area. I would love to hear about any insight you may have about the area. I am sure you could make house hacking work in this area if you found the right house.

I found an off-market property and went under contract and recently completed an inspection. We knew there were some cosmetic issues that needed to be addressed but when the inspector went into the crawl space it revealed some structural issues. I copied and pasted the report from the inspector below. My general feeling from the sellers is that they want out of their house and would be willing to work on credits to stick with the deal. The initial numbers I ran did not take into account remedy the crawl space issues so I would need credit on it to move forward. I am just wondering if it is worth the risk or should I cut my losses and walk?


•  Improperly installed columns appeared, either at the floor or at the beam. This may
be a structural risk so further evaluation and correction by a licensed structural
engineer and/or a qualified framing contractor is recommended.

• The column(s) or posts did not appear to be bearing on proper footings. Footings
help to spread the load across the ground and prevent sinking and structural
movement. Recommend the installation of proper footings if undue settlement occurs
and to prevent movement to the house.

• A "Jack Post" or a Temporary-rated post were noted to aid in additional support of
the structure. This is typical in older homes, however in today's construction
standards no multi-piece support column less than 3" in diameter has been certified
for permanent use. This can result in column failure and subsequent structural
movement of the home. Further evaluation and correction by a qualified framing
contractor is recommended.

@Carlos Acosta

I have two houses in Romeoville right now, one is rented and one is listed. Happy to help out in anyway

I recently closed on a 3 bed 1 bath ranch home in Romeoville, this is my second investment property in Romeoville. I want to use this house as my dive into section 8.

According to HUD, a 3 bed 1 bath in Romeoville can rent out for a max of $2200. My question is how does HUD figure out what is an acceptable rent for your house.

Does anyone have any advice or experience using section 8 in the Romeoville, Joliet, Lockport, Bolingbrook or Will county areas?

Thanks in advance!

Just locked down another SFH in Romeoville, looking to rent out by March 1st. Does anyone have success with section 8 in Romeoville? Any advice?

I am wondering if anyone has experience working with a partner when the partner was the person living in the house for the actual house hack.

For some context, my sister wants to rent for one more year before finding somewhere permanent to live.

I am trying to convince her to house hack instead of paying rent to someone else. But she really wouldn’t want to manage a rental, or know how to find a good rentals to buy.

To make a long story short, I think we both have something to bring to the table. She could get into a house with low cash because of a FHA. And I could help her find the deal and manage the property long term. I have property management experience already. That way after a year she could walk away go buy her forever home but also still have a passive income stream.

Has anyone done a similar situation or have any advice on what a fair agreement might be? It is my sister so I don’t want to take advantage of her, but I want something that would be beneficial to both our time and risks we are taking on.

@Gideon Blustein

I thought the code enforcement was nit picky. They did allow us to go get a part while they finished inspecting to save a trip and another charge. They hit up all our neighbors for code violations as well while they were out there.

@Marco Anemone We do have a rental license. The lease was originally signed (mid-september) for 6 months with a month to month option. Tenants were hoping to be moved back into their house in 6 months based on construction. But construction on their house was not supposed to start until "Covid cleared up." The tenant was pretty convinced that they would be out of their house for at least a year.