Hi was was wondering if anyone here in Chicago or surrounding areas have purchased from the cook county land bank and if so what kind of loan did u get if any to buy and fix it up or develop a property any info would be very helpful thanks

I have always loved them, they keep it clean, u can even ask the military to directly transfer monies into your account without the hassle of asking tenants if they get late, only downfall is they are legally allowed to leave the house anytime based upon their transfer status - still worth every bit!

you have someone with very little means borrowing your 5k Em ( which is a rare EM in most markets) and even if they get it back chances are you not going to get them to pay U a dime of interest they will just go to the next gater lender.

U dont ever have to sell the land you log at about 70 years or so then replant and hand it down.. 

Some people use the U-Haul data. 

did u ever wholesale in oregon?

Thank u guys!!!

Welcome to U S and A !!

U need equity so you can exit if need be without writing a big check.

U can go bankrupt in either scenario so not a consideration from my POV.