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

Purchase price: $85,000 Complete gutted single family home on double lot acroos from Buffalo Lake.

Purchase price: $720,000 Cash invested: $463,183 Sale price: $751,100

We're in a similar bind, and are beginning to look for lines of credit from lenders well versed in real estate lending.

I purchased a home 1 1/2 years ago for around 130, and I am currently renting it for 1,750, so it is possible!

It's like whoever created this has only experienced life from a textbook and has no basic understanding of real life and basic business principles. 

A few more rate cuts and the 10y Tbill going down could really light a fire under the real estate market.

It’s possible I could get closer to $4,000 in LTR rent but a real estate agent ran comps and reported it might be a stretch / bring higher DOM.

Yes, I’ve already used one DSCR loan for a property in Augusta and the higher closing costs are increasing my time between property purchases.

You will need to purchase investment real estate worth at least $630K ish.