With some of my clients, I've seen discounts of 30% to 90%.Here is a real-life example: I invested in a $50K note; it was second TD but with significant equity (over $200K) protecting my investment.

@David To  Yes she has been paying me a discounted rate we agreed on in March.

In Florida most of our compliments are of the outdoor amenities (pool, heated pool, spa) etc.We have a discount on Helix mattresses we extend to our clients and have been getting quite a few compliments on the mattresses. 

Like any other wholesale market, I "buy" a loan from a lender at a discount and mark it up for my profit.

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.  

The Income Snowball is a strategy, that is now software, that just projects how long it will take you to create X amount of passive income if you invest on a certain schedule, also laid out by the software.The concepts the Income Snowball uses - from cash flow investing, to using leverage, to investing in real estate or peer-to-peer - are nothing new.

when the OP said the bank is WILLING to take 91k to me that means or infers a default situation and a discount..

@Eric Chappell this software does seem pretty cool.

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.

I just had a bank tell me they would take a 40%+ discount on a $400k asset which six months ago they would have wanted a 10-15% discount.