We went and looked at it and instantly fell in love.

I would love to have instant equity and a positive cash flow by purchasing a home at auction.

For instant, Joe just bought a property on 1106 west grace st, Pomona,CA.

If your market is not red hot, I would agree with the previous commenters to list it with an agent.The commission you pay an agent is negotiable and you should be able to find an agent who will negotiate with you.My market is so hot that anyone can plant an FSBO sign in their yard and sell the house almost instantly.

That means no lender docs and and an instant return of the seller escrow package combined with the signed and notarized deeds.

You would live in 1 unit for the first year and rent the others: instant landlord experience without as much hassle.

This article brought instant gratification being that Brandon's story inspired the heck out of me.  

This structure, by definition, gets you an instant equity position.  

The point is that even if you're buying at a 32% discount to FMV, the bank is not going to instantly lend against that.Hope that helps clarify it.- Tom

It saves money selling flips, it monetizes more leads, more than pays for itself and allows you to not waste time screening calls, but meeting sellers and locking up deals (and you instantly come into that situation with some credibility).