It is a sellers market but you can’t rent it out right away so in my opinion it’s a terrible deal 

Wow, that's terrible.  

I just renovated the bathroom because it was terribly outdated with cracked tiles and water leaking into the basement and I am planning on re-building the porch because it is a potential safety hazard.  

The house is beat up, but not terrible.

I have recently bought a bunch of properties and worked with 3 banks, two of them ended up sending my loan to an administrative company that is terrible.

I'm from the NYC metro area and not terribly long ago found this forum on the web.  

I am told that Mcdermid is a good street however McIntyre Cres is terrible.

I'm just saying find a deal that would be amazing in a great economy and breaks even in a terrible one.

._______________________________________- In the book Shift by Gary Keller of Keller Williams, published I think in 2009 just after the crash, he talked in chapter 10 called creative financing.I’ll paraphrase:Real estate agents to do well have to work much harder to get a listing appointment, because credit is now very difficult.If real estate agents learned this business and were trained from 2002 to 2008,-when credit was terribly easy,-liar loans were available,-100% of value with no money down,then they didn’t need to learn how to do creative financing.Like Gary Keller, I started in real estate in the early 80s when interest rates were well over 10% for mortgages.I do a lot of wraparound mortgages and contract for deed purchases, because getting financing was almost impossible.The point of the creative financing chapter is this:As an agent, you need to be very creative in this credit strangled market.As a real estate investor, you need to make money with every lead.So let’s talk about an example:__________a pretty house quiet street, owes 95,000, comps come in at 100The days are gone when you can overprice the house and do a price reduction.The $100K house will sit there for months and months if it’s overpriced.If you really care about the seller having some success about fixing their house problem, you need to talk about selling on terms and selling on cash.

a 30-40% increase wouldn't be so terrible that it eats up all my cash flow, but it does decrease the returns a bit, but the property would still be performing.