Jain, the bank’s CEO, commented, “You should trust us because the rebuilding of Deutsche Bank is working, because we are strengthening capital and reducing risk.”

This has stopped many people from selling and many sellers are truely to stubborn to reduce the price the believe there equity will over come the cost of the liens.What do you all think?

I am calculating it as:20% of (purchase price + repairs +other costs)= 0.2 x ($75,000 + $20,000 + $10,000)= 0.2 x $105,000= $20,000 (rounded to the nearest $5000)I've lost two other deals using this formula, and after that and looking every day for the past 6 months, I'm wondering if I need to reduce my profit goals in order to actually close a deal.

Plus, this past summer MSU decided to blow up a couple dorms, which had the overall impact of reducing student housing by (as I recall) about 1000 units.

Get a job as a day laborer on a rehab crewboth of these options will put some money in your pocket and teach you some skills that you NEED to be successful in this industry.

Probably 2 or 3K in materials, rest is labor, which I can handle on my own for the most part.Next thing is to get used to crawling around under these things, pretty scarey down there, and being in FLA, lots of nasty critters :Dkevin

The Market~ It's so unpredictable and fortunes could be reduced to nothing overnight.

But most of the cost will be labor to make the opening.Depending on what you have for a stair base, it may be as simple as redoing each tread with 30" lumber, with an overhang to the left.If you are talking stairs to downstairs bedrooms or other living area, that's a whole 'nother thing.

(occupancy significantly reduced, under planned capex....

Or is it simply a matter of drains that need to be snaked - $300-$xxxxk(for re-plumb) Exterior Paint - $3-8k depending on the house and your local labor rates.