Basically you set up the deal, then add in what you would like from the deal (or subtract it is probably the better term)I'd say don't go crazy, leave alot of equity for the end buyer.

Basically, gutting out the entire thing and upgrading it all.

Ok, this is technically my first real deal on my own.Foreclosure in my town, found out about it via them coming to look at my current house that I'll be renting out.Property-2/3/4 bedroom half double, 1.5 baths (the 2/3/4 is its basically a 2 right now, with a 3rd being a walk-through into the master.

I had a repair guy stop by the other day and basically he told me sheis making a mess of the place and she doesn't have the gas cut on.She is an inherited tenant from the previous owner and I saw her once in person after the sale.

To really contribute here, I think my best bet is to try to remember:a) Not everyone knows what I know-- no matter how basic-- and to try to share detailed information on what I've done as time permits and,b) Remember that it's not just about the nuts and bolts and the how-to, but about keeping the right attitude, and bearing in mind that my own unique way of looking at something and my own attitude and approach to life may be as big an eye-opener to another person as all the specific techniques, and strategies I use.Thanks for your time and have a wonderful biggerpockets dayDitto :beer:

I'm not looking for anything set in stone, just come basic industry average interest rates and finance % for canada.

They're basically selling a short sales course.

Or if you plan on holding/renting it and what it would rent for.....basically what your plan is for the property and what other numbers are involved besides just offering $100k below asking price because of the amount of repairs you "guess" it needs.

The advantage for a lot of us that are still in the game- is that a whole bunch of investors are out of it now.The market cool-down means it's time to get back to basics, time to sharpen the skills again, and get hot!

Now the values have dropped so much that in order for a short sale to work the bank has to take a massive hair cut.We have changed the focus of our business to lease options and that is starting to work rather well.