The massive back log of foreclosure properties appears to be pushing through the system again at an increased rate in Cook County, IL (Chicago).Properties sold back to the lender at foreclosure auctions increased 62% in Nov 2011 over the prev month (1789 vs. 1100 units).

That is one of my last security blankets keeping me at my JOB.

See also the Illinois Attorney General page, Homeowner's Rights for the state and Cook county notice requirements and the mandated notice: http://illinoisattorneygeneral.gov/consumers/SB1879_Home_Owner_Rights.pdf

I was going to ask 150,000 with 45,000 repairs puts me at all in 195,000 and 20%down Mtg of 156,000, with piti of 1250 ish.

Jake,I don't have any citations directly in front of me at the moment as I'm not near my office at the moment; however, I did read a case in which the IRS has completely reversed the IRA's contributions and taxed all gains including a 10% penalty.

Please get back to me at josh at biggerpockets so we can accommodate you.

It's impossible (for me, at least) to know the nuances of a ton of different markets.

Hi Everyone; I recently started researching about real estate investing, and from what I learned so far, it seems like the best strategy for me at this point is to start wholesaling until I reduce my debt and have financial means to start investing in rental properties.

The amount I would like to invest is around 100k$ (of my money).I have contacted several firms that claim to be able to find finance for me, at 70% LTV, but would like to hear some unbiased opinions and knowledge first.

What I want to address is shingles are short lifed a bunch from 'cooking ' from the bottom. 95% of houses have poor inadequate ventilation.Dump all those turbine vents, bubble vents,gable end vents, even power vents,,,,they all dont work as well as you think and shouldnt be used any more.