The reality is that with the super low inventory we have sellers don't have a reason to give you a 50% discount, so your numbers get squeezed and you will end up leaving cash in the deal.

On the other hand, you can flip in any neighborhood as long as you are buying at a steep discount below ARV. 

As noted, commission are always negotiable as are brokerage options (full service to discount companies that pretty much just post it on the MLS and you work with all calls, offers, etc) and an agent can go over likely net out scenarios with you and give you an idea what you likely will be able to net after closing expenses and paying off the mortgage balance. 

I think Collin is being a little tongue in cheek with the Boone's Farm comment.I work with a local, large wine store, wait for their semi-annual sales when they compound discounts and buy 2 cases of each (white & red) for the largest discount.Basically I'm setting out wine that retails for $11-12-13 that I have paid $7-8 a bottle.  

If the seller refuses to discount the price or fix it, I'd walk.

Metro could have different rent growth projections, however, this is a great sign to see that the area as a whole is moving in a very positive direction.ConclusionBecause of D.C.’s typical recession resilience from the federal government and the large presence of big-name private sector companies in the area providing stable employment, it is very rare to have the opportunity to buy real estate at a discount.

Milwaukee inventory has just been so low, that even very distressed properties sell to first-time home buyers without a significant discount, so in the end it's cheaper for me to buy properties that already have a new roof, windows, kitchen, HVAC etcI appreciate that insight and it makes perfect sense.

Here are the pros as i see it: easy (no purchase necessary, you know the property), likely prop 13 property tax discount, possibly below current rate loan.  

You also need a good source to acquire the properties at a discount. 

Also incrase your discounts on the platforms.