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Updated over 9 years ago,

Stanley E.'s profile image
Stanley E.'s profile image
Stanley E.
  • Rental Property Investor
  • from North Little Rock, AR
  • Member since Dec 15, 2014
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User Stats

148
Posts
43
Votes
Stanley E.'s profile image
Stanley E.'s profile image
Stanley E.
  • Rental Property Investor
  • from North Little Rock, AR
  • Member since Dec 15, 2014
Connect
Stanley E.
  • Rental Property Investor
  • North Little Rock, AR
43
Votes |
148
Posts
Buying & Selling Real Estate

20%-30% Foreclosure Discounts

Stanley E.
  • Rental Property Investor
  • North Little Rock, AR
Posted
After reading the Millionaire Real Estate Investor, I have been calculating my prospective REI purchases using a 20%-30% discount off the asking price so I can make my money going in. I wanted to know is it reasonable to expect this type of discount with foreclosures or are the banks reluctant to go for this? Thanks for any help with this.
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