FIRST TIME FLIPPER(Memphis,TN)

[Robbie Pollard]

I have a $45,000 cash budget (this includes purchase and rehab)and i'm thinking about investing in a govt. foreclosure or REO in the memphis market. I've looked at over 50 houses in various areas of the Memphis market that range from $20,000 - $35,000. I would like to know if anyone has any experience with negotiating govt. forclosures or REO and what % would they be willing to take off the asking price with a cash offer.

Thanks In Advance.