Unlike investing in random properties, their methodical approach ensures that each investment is strategically placed for the best potential.

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?

They maynot want to do this if they are using a Bank to finance, since thebank will want “First” lien position and you won’t want to do“Second” position.

I highly recommend you play with that tool to start getting an understanding of what things you can do to positively affect your credit! 

The investor who bought this home owns an asset that is cash flow positive from day one and one that will benefit from all 5 profit centers of rental property investing for many years to come.

Am I in a bad position.

The 1st position loan is paid off but has a second position heloc on the home with 50k balance.

Every situation is unique, and we work with strategic partners to provide solutions for almost any scenario.

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The land loan is in 1st position on title which would put the loan to build in 2nd position.