Investment Info:Single-family residence buy & hold investment.

May need a little rate buy down but in the long run it is much better to raise your rate 1% to 1.5% versus taking a Heoc rate above 8%.The whole point of taking cash out is its quick and you avoid having the associated risks that come with a Heloc.

If you don't trust your agent enough to tell you not to buy a house, then get a new agent!

Given that I'm not positioned to buy just yet, and simply running the numbers, is there a rule of thumb for estimating insurance costs that would make sense in Cook County?

Would this be a good opportunity for someone looking to buy/hold? 

I’ve seen people buy land thinking water was covered only to find out they had to pay 6 figures to get water re-routes or upgrade pump stations.

If you have some capital, income, and decent credit, buy a 4-5 bedroom house and rent bedrooms. 

He’s only 55, he can enjoy his retirement, golf, etc for a few years and buy back in when he sees a good opportunity.

Folks having been buying real estate without a Wyoming LLC for a long time......

We aren't the traditional flippers who run in, throw up a lick of paint, hide the disastrous side of things and essentially trick people into buying a lemon.