Thank you all in advance for the tremendous help.Have a great day.

And of course ask for discount in return, since he want's money up front.  3.

This means you need to buy especially well a(t a highly discounted price).Having a great and trustworthy contractor helps too on things you won't be doing yourself (permits).Finally a flexible Realtor is one of my must haves, one that can bird dog you deals and sell your flip for the ARV price they gave you at the beginning.Good luck - there is a lot of  competition in Wilmywood.

Empty ... if it is occupied with a good tenant, then I'm not likely getting much of a discount.

They are also getting volume discounts from their suppliers and construction crews.

Also, almost every contractor is slammed right now so they aren't dying to give discounts. 

It seems that there is a reason why properties are listed at such a discount compared to properties in good condition within the same neighborhood.

To give some more information on my plan, I am in the beginning stages of contacting lawyers, agents, contractors, mortgage brokers, and hard money lender to build out my contact list.Simultaneously, I am beginning to develop systems for generating leads.I have been listening to the BP Podcast for the past year and it has been a tremendous help in driving my interest in REI.  

First it is  not MY formula.Second, it is not useful for your $50,000 house because there are no cap rate comps.Third, few properties sell for almost 38% discount if they are in marketable condition. 

Thee BB gun is on the knowledge side, assuming you can get the money.Do you know the cost of your private money, and you probably won't need the whole value, seller financing has benefits to your seller he's not aware of;The assets determination for Medicare will discount a note to it's market value, that boils down to less out of pocket in the event he needs medical care.