All,I wanted to get peoples opinion on real estate values in Chicago being to high and it might not be the best time to enter the market to purchase my first investment property.I see prices close to pre real estate bubble values  from 2007 (IMO. unless someone can prove me wrong). 

Not likely, because they simply don't teach it.Also, they promised me if I signed up for Mastery and Real Flow, I would get access to pre-foreclosure data, high equity property owners, and private money lenders, all on curated lists.  

I'll give you a quick run down on the closing costs from a duplex I purchased for 250K:Loan origination charge: $750 (this may be 1% of the PP, however we went through a credit union on this one)Appraisal fee: $275 (I've seen this fee go closer to $600 on some purchases )Credit Report: $11Tax Service Fee: $70Flood Cert: $9Title Services and Lenders Title Insurance: $1,520Owners Title insurance: $271Government Recording Charges: $92Transfer Taxes: $519Your pre-paids and taxes will depend on how you set it up. 

If you wish to get out of real estate, you can look at rolling the funds into various types of tax advantaged trusts, or seller financing.

I would of course be able to provide a pre-approval letter for financing from a conventional bank or credit union.

Personally, I time all of my leases to roll over in June so I am in the middle of the busy student housing season.

Refinance then possible and roll that into another deal.

I am an Investor from NYC and an all Cash buyer I negotiate between 15 and 30 Short Sales( Pre-foreclosures) a month across New York City.

Christian I took a loan of 5k out of my 401k for the down payment on my primary, 6% seller consession so the closing cost will be rolled in the loan with  4% interest rate.

Now this is not logical to me because that would imply that he and his associate have never done a quick deal like a pre-foreclosure and any urgent deal.