Deep discounts to market value are possible, but, in our experience, rare {most markets in Canada are small enough that inventory levels are moderate and there is no need to dump the property}.Lenders - particularly the Big 5 banks - tend to prefer Power of Sale as it's more cost effective for them: No/less legal expense; they do not need to maintain the property while it is for sale; the owner/borrow is motivated to get the best price possible for the property (and not to trash it); and, if the property sells for less than the note, the borrow is still on the hook for the balance.

I think consistency is more important that frequency if we could start doing it once a month that would be great, and depending on the level of interest can increase frequency or break out subgroups for different Boroughs, I myself live in Queens and wouldn't mind starting Queens, Brooklyn and Long Island subgroups for example but let's start with the general NYC group and see how it goes?

I bought a small in city farmhouse with four acres in 1981, my second year out of college.

Cedar falls is a college town.

I wish I had that level of detailed information for my company's portfolio.

You will find a wide-disparity in the level of services, type of homes, etc.

I'm a newbie on this site.I'm so glad I found a forum on this level of wealth of knowledge in real estate investing.I orginally started as a Real Estate Investor playing in the area of Wholesale, Note-Buying, Hold and Flip, who later started originating loans.

Median level 3-2 homes in my area sell for around 100k.

That is a felony in New York and at the Federal level.

Base your level of finish (basic, standard, designer, or custom) on the neighborhood norm.