Chicago Housing Choice Voucher Program
The link at the bottom can help you start gathering info on the Section 8 process in Chicago. We plan on writing a bunch of articles related to this topic as there is much opportunity in buying cheap SFH’s, fixing them on the cheap, and renting out to Section 8 tenants. The best part - you have your rent direct-deposited to your account on the first of each month straight from the government.
This strategy involves:
- buying the property quickly with cash
- fixing all required Section 8 items quickly with cash
- passing the Section 8 inspection and getting the unit rented
- get the property financed and pull out your initial investment (maybe even more) and still maintain a positive rental unit
- do the same process over again
Property Owners | Chicago Housing Authority
This entry was posted on July 6, 2009 at 7:52 pm and is filed under Section 8. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.