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What is the depreciation value of real estate in illinois?

Posted by Real Estate Investor on Jun 26 | Real Estate Investing Chatter

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and Negative equity question?  I am hearing lots of folks out there are upside down on there mortgage “negative equity” I am looking for a actually percentage I am a firm believer this is the cause of the meltdown. We bought a home in 04 for 270k now its worth 230k thank god we had equity from our previous home of 50k to but down on our current home. I really feel bad for the fist time homeowners from 02-07:( and those people that had a home and sold it had equity as we did and took the temptation and blew there money because some schmuck rant and raved as they did with us that home increase in value by 6-15% so the 100% financed there new one now in hot water., more 

and how long do you have to live some where before you can move?  , more 

Renter's rights what are they?  I rent in and I love the place, but it turns out my room aside from everyone else’s gets barely any air conditioning. I pay rent shoudn’t the people i rent from be responsible for fixing this?, more 

and Won't be active duty anymore going reserve need a place to live in 2 months?  I am getting out of active duty and going reserves my time is up in a few months. I have to move back to my home state my aunt owns her own company there and I will be working for her. I’m also looking for a second job for something to do in my free time.
I really don’t want to rent anymore and just got done paying off a loan and a few other debts.
I just have my car payment now cell phone and 1 credit card with around 7 grand left on it to pay. Having the credit card and car has really helped me to have a good credit score.
The question is rent back where I’m from is high and if I can help it I never want to rent another place again. What are the chances of me being able to get a loan for a home?
I don’t want a home loan more than 80,000 if I can help it even less than that. Around in the 60′s is more less what I am looking for because if I do buy something I will do a lot of work to the home.
This will be my first home and really will end up an investment property later on.
My credit is good but I don’t even know where to start I have a meeting Friday to see if I can even get a loan.
My income is right around 3,000 a month and I don’t want to be turned down and look stupid.
Do you think I got good odds on getting a loan? I need to find something no later then the start of Sept I start my new job the first week of Sept., more 

Tags: bank owned, real estate, real estate investing, property listings