Subtract the $10,000 in repairs, then another $10,000 for our assignment, and you get $29,500.

I read the lease with calm in my house and there was even a clause that states that I need to wait 15 days to something be repair.

I always using the home inspection contingency clause and luckily have only had to use it to opt out of a contract once, when a seller would not make the necessary repairs or reduce the price.

The rule of thumb is that to make a profit, you must buy a property at 70% of ARV, less the costs of repairs.

The city actually requires you to have inspectors come in and approve the property - because it has been vacant for 3 years and now lost it's Certificate of Occupancy - I have an idea of what it is going to take, but from the windows to the walls to the fixtures, switches, plumbing - the works needs to be repaired and I need to do the labor to cut back on labor cost.

But when you purchase a really cheap house you have to take into account that there will probably be more things to repair and replace - potentially costing you more in unexpected costs.

In such cases, this power, which is given to the lender to sell the property, can be executed either by the lender, their representative or a trustee.Power of sale California foreclosure guidelinesIn the case of the deed containing the power of sale clause that specifies the time, place and term of sale, the procedure has to be followed at the specified time and place.

Not sure if this is the right place to be posting this.I am looking for the legal procedures of purchasing and liquidating Commercial Foreclosures.

any time I have rented( very few) I have had a hard time getting any DD deposit back as the landlord needs to repair this or clean that, even when I was a resident manager of an ampartment building, they held money back when I moved out as the stove wasn't clean enough.

Say she does owe 90,000 and it also needs some repair.