But may get a 5-10% discount (from what you would pay retail) or more on a loyal sub they work with.

Is it unlikely to buy at a deep enough discount to make BRRR and PM work?

Hey Scott,You want at least a 15% discount from Retail price, probably more.

Properties Needing Repairs: Offer to buy homes that need repairs in exchange for discounted prices or terms that reflect the repair costs.

For more info, check out the law itself AB968: https://legiscan.com/CA/text/AB968/id/2764362 https://www.car.org/riskmanagement/qa/New-Laws/2024-New-LawsAll of the "owner-builder" folks that would get permits for work and then hire unlicensed, uninsured, discount companies to do the work for as cheap as possible will pivot. 

They are often sold at a discount, but they can come with significant repair needs since they are usually sold as-is.### Due DiligenceBefore buying an REO property, conduct thorough due diligence.

So, you won't be buying at a discounted price like someone paying cash to buy a severely distressed property off market. 4.

If major issues or concerns are discovered, provide detailed information to the seller and either negotiate a discounted price or consider walking away from the deal.Due diligence is the backbone of successful real estate transactions.

Facebook Marketplace/Craigslist: Sometimes, you can score great deals on gently used, high-quality furniture that’s built to last.Local furniture outlets: Some cities have outlets with overstock from larger brands at reduced prices.Minoan: This website is free and offers discounts from higher end brands like west elm, crate&barrel, polywood and 150 other brands.

I also max out 401k for max and ESPP for 10% discount and while it’s hard to pas up the free money (at least with the match), I know we could use that money for RE now.