I am moving next week from Bloomington/Normal to Forest Park

I am building a home bigger then I normally would, in order to pocket the equity.Could use referrals to: consultants, engineers, foundation, excavating, drywall, cabinet, flooring, roofing, electrical, pretty much anyone good!

I thought 5% was pretty high for closing costs also but this is my first cashout so I really have no idea what normal closing costs are on a cashout.

Mistakes and fear are pretty normal so learn from any mistakes made and turn any fear into something positive.  

But, what do people normally do in your area?

Just process his security deposit claim as normal and move on....

Very similar to normal conforming loan products.

I normally say when you find a deal with the right numbers, positive cash flow.However I believe the market is at a peek, with the economy and politics as they are now pointing toward inflation and rising interest rates if you have cash to invest you may want to wait awhile, there is a good chance the markets will turn in the next two years and the vultures will feast.

Normally, I call the number to let them know that I'm not interested in selling so they save postage.

Is this normal or am I just in a bad area for rentals?