Zip code 68104-Last years taxes = $1520-Purchase price and financed amount at 4.6% for 30 years = $120,000-Closing costs and funding fee (VA loan) = $9,200 paid out of pocket-Pretty much turn key property, minor repairs that I can do, less then $200 worth of work.

10-15 days would be a reasonable amount of time,but in higher demand properties a shorter time is advisable

I’ve had tried listsource.com before, but didn’t get a good amount of calls back.

Not sure what $50k represents as a % of the overall purchase but I would take the whole amount as an option consideration.

We will have a fair amount tied up in renovations when we are done, somewhere in the ball park or $65k, we only paid $35k for it though.

Try to have your personal debt under control, have a good credit score and understand you will need some cash and reserves the amount will be determine by your market.. .

Gone are the days when a property was offered up for  no more than the amount of taxes owed, now days it has become a bidding process and as in any auction enviroment people tend to get emotional about their bidding and become quite impractical, and irrational buyers

Did you get a quote for this amount?

That is not 7% of the profit but 7% of the total amount given to the seller.

There is also a solid amount of inventory north of Oak Park in neighborhoods like Elmwood Park, River Grove, Franklin Park, etc.