All Forum Posts by: Gautam S.

@Brandon Shull, Did you find an agent in MC you were looking for? How was your house search over there? Did you buy anything yet?

Hi,

Need some help filling out the HUD form for FHA loan for NEW construction SFH in Port Charlott, Florida:
HUD-92541: Builder's Certification of Plans, Specifications, & Site

Anyone who has recently filled out this form (GC/Builder) in Florida please chime in.

Also have questions on the HUD form:
HUD-92544: Warranty of Completion of Construction

TIA,

Gautam

@Jon Huber, thanks for the info, but I am here now in Boca Raton till 1/19.

Sorry, I will miss this one!

Best!

@Jeremiah Wise try K&R Service, Oak Lawn, 30Yd - $450

@Shawn Ackerman my rentals are 1.2%-1.5% range.

for example I have just rehabbed a 3BR SFH in Flossmoor, IL . Its rented for $1575 for a long term ( 2yr) lease.

The Net Cashflow on the property, if financed ( 75%), is about $400/mo.

Its now listed in BP marketplace. PM me if interested.

@William Stewart Are you interested in Southwest suburbs with excellent school district?

PM me for details.

Welcome to BP @Ankit B. . What area of Chicagoland are you interested? I invest in Western and South western suburbs mainly for buy n hold rental SFH. PM me with questions.

Best of luck!

Beautiful specious 3 bedroom 1.5 bath fully rehabbed home in desirable Homewood Flossmoor high school district location with low taxes in Chicago suburb. New bamboo hardwood floors throughout, all new plumbing for entire house, new water heater, new vinyl siding, new roof for home & garage with architectural singles, new energy efficient windows, new electrical panel & light fixtures. New remodeled kitchen with new cabinets that includes pantry, granite counter top and stainless steel double sink. All new appliances including stainless steel refrigerator with ice-maker, over the range microwave, dishwasher in kitchen for the special cook in the home. Both bathrooms are remodeled with everything new. Huge 2 car garage w/enough room for your workshop or hobby station! Wood deck on the back overlooks a huge yard.

Just got rented for long term lease for $1575/mo with a good cashflow. Great opportunity to own this excellent property for long term cashflow. It’s an ideal investment for a passive investor. Make an offer today!

Photos in Zillow:

18908 Harding Ave - Zillow Photos

Cash Flow Details:

to add more about village rules...

Any property non-owner occupied ( like us investors) needs to submit an as-is architectural plan, even if you are doing just a paint job - dollar amount  does not matter, you also have to submit a refundable $10K bond as earlier mentioned.

Final advice, do not try to do any work without permits!

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?