Heck, some day I may even be a client of yours looking to purchase a place near the U if my son decides to go there when he graduates high school, LOL.

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

U simply are not clued into the lending market and the way lenders look at risk thats why you think its a great deal but its only great to you.. most all of us lenders do FAR better than 10% on really nice first position loans with a fraction of the risk.. 

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!

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

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.

If there were, you would see some cracks in the foundation, and the slopes would worsen over time, so continue to monitor.Maybe the next time you do a larger renovation, you address the structural issues, but if it were me, I'd likely do anything until that time.

did u ever wholesale in oregon?

Some people use the U-Haul data. 

Thank u guys!!!