What the owner owes has no bearing on what it is worth today or what you should give for it.

Thanks for the input guys and thanks Uwe for the analyzer and Chicago-land IL is my area

There is an endless supply of motivated sellers especially in Chicago.

My name is Dante Williams I'm a wholesaler from Chicago, IL.

Now explain to an hourly worker how his/her taxes have to go up so that this teacher earns that kind of money.I suggest that if Federal dollars are used to pay for state, county and municipal jobs that those workers have to go on Federal pay scales.Taxpayers have to sacrifice so they can have a job, government workers should also bear part of the pain.

If anyone of you were in or around Chicago, I would have taken you guys out for beer. :)

You will also want to consider the rents you will have to collect and determine if the local rental market can bear that.

Are there any investors in or around Chicago and NW Indiana area who would like to get together one of these days and see how we can help each other make some money?

Guaranteed Rate was named by Chicago Agent Magazine (in an agent survey) this year as one of the best three lenders in Chicagoland (http://chicagoagentmagazine.com/agents-choice-award-nominees-revealed/)That said ...

The land acquisition cost and when it was acquired also has bearing on the final "retail" price.