Haul lumber, pound nails, sweep and do all the junk that hired labor does.

Haul lumber, pound nails, sweep and do all the junk that hired labor does.

Only after the bank has fully foreclosed is the property secured against any unwanted entry.

They want close to $ 20.00 for a pound for it .

We saw this happen to Britain when the Pound Sterling was replaced by the US Dollar.  

They probably took a pounding years ago on losses and are now trying to squeeze more out with a market recovery and limit losses.

That means there are a lot of houses (and other buildings) that are completely unwanted. 

A long shot too.So, had you been more reasonable in the offer in the first place and not caused a stink and drawn unwanted attention from the lender, an installment sale/subject to may have been a score, now, I'd probably walk away.That's the reality form experience, for newbie buyers, others may discuss delusional options, but I'd say you're probably done.  

If this is a flip you need to sell this before the holidays hit and you are stuck with high carrying costs because nobody is buying or it will turn into an unwanted rental for you.    

I haven't talked to a building company since I am just currently browsing potential properties and analyzing them to get some more experience doing the calculations.But I can't really analyse any deals without knowing how much the refurbishment costs are going to be.I would like to know, what should be on the snagging list to make this into a proper kitchen and also what the approximate costs would be do to all of that.Property details:2 Bed / 1 BathroomCurrent offer: 110.000 PoundsARV: 166.300 PoundsEstimated repair costs: 20.000 Pounds (not sure if this is accurate AT ALL)Offer I am putting out: 96.410 Pounds (based on the 70% rule)Rent: 1000 Pounds per calender month (2 tenants sharing the house, 500 each)The property is located in an area with 3 universities and a hospital, so I figured there would be a good chance for letting this house out with 2 tenants (correct me if I am wrong).Here are the calculations that I have learned on my 3 day property investing seminar (UK based) and have implemented in my calculation spread sheet below.Please comment on the calculations if you see something missing or find odd.