That said, I also have a friend who does flooring and gets a warehouse discount, so thats a plus. 

Purchase Discount: It's crucial to buy properties at a deep discount if you plan to BRRRR and get cash back.

In addition to peace of mind, it's a great tool to use when sending resolutions of unacceptable conditions where you can either get a price discount or a line repair from the seller if the sewer scope shows problems with the line. 

You would have lot of negotiation later on with buyer.If discount is substantial I am not afraid buying home with roof issue or lien, that's easy to solve when you have the cash.

Thanks Hi Mireille, Is the lender charging you discount points on top of the origination fee?

A lot of owners already panic selling at discounted prices / price cuts.

Should take the opportunity and ask the bank to renegotiate the purchase price at a deep discount? 

The heavy discount for List Source and the skip tracing was a big draw for my interest.

I wanted to propose he sell to me at a 20% discount and I would lease it back to him for an extended period of time. 

Hello all - this is a complicated situation (at least to me) and I would like some advice for any other experienced attorney's and real estate investors.I have a 21 Unit portfolio under contract, that is in pre-foreclosure and I am buying it at a good discount.