That profit margin may vary, depending on the house, the repairs it needs, the neighborhood where it's located, and the city it's in.What doesn't vary is the bar investors set for picking and selling a home.

The building has 29 rooms (5 1 bedrooms, 15 efficiencies with no kitchens, 9 single rooms that share three bathrooms, a bar and a deli and is 10,000 square feet.

This is counter to my state's (standard Realtor/NC BAR) Form 2-T.

The "Learn" link across the top navigation bar has lots of great info, and most importantly, the BP members!

Trying to see what the bank might try to get for the property if it goes to Auction and an idea of what I might have to offer the current resident.Doing a quick look over the property, and barring anything major unforseen, I'm assuming I can potentially sell for about 160k with approx 30-40k of rehab.

Our thoughts are to finish the full basement and add a bathroom there, knock out the wall leading to the kitchen to insert a breakfast bar, replace carpeting, repaint, and take off the siding and replace with brick or granite for an exquisite finish.

You can look up some info in the search bar.  

Jobs are still stagnant and the economy is recovering VERY slowly...But, for anyone who truly understands the situation that this country has faced over the past 5 years, I'd say this is probably a best-case scenario barring an overhaul of our financial system (which isn't going to happen anytime soon, unfortunately).Things are still bad, but we should be happy things aren't worse, as I don't think they could be too much better at this point...

I had a guy who was in the demolition business and he salvages things and sells them he said the stone is worth 300k but he will pay 100k since there is a lot of labor and there is a 16 foot green fire place he said is worth 60 and 7 other that range from 5k and up and a 1890 bar that is worth about 15.

For instance, I know a guy who has several quality, cashflowing multi-unit and mixed-use properties (including a high-end bar, which is kind of cool), which are keeping him afloat right now.The problem is that he is burning through this cash to pay the mortgages on six or seven other properties he was trying to flip, and he doesn't have the money to finish the job.