Also, we all have about the same rates - so pick someone you like and you have confidence in.If you have a lender with substantially lower rates than everyone else, you are paying for that rate in the form of origination fees and discount points.

Point being - you don't know what you don't know about what you are buying at foreclosures - so you are getting that discount for taking that risk.I would also point out that at 8% interest - VERY LITTLE cash flows well.  

The agent isn't probably negotiating a steep discount with a builder. 

IE pull the cash out of it so I could go buy more timberland to log.. get payments from my buyer .. pay the bank their payment then when my buyer cashed me out I cashed out the bank and got my equity... for me it was not as much a tax play as a get stuck money out now without massive discount to a NOTE buyer pimper .. who is looking to get notes with massive discounts. 

If there is no real estate agent involve we provide the 2% discount back to our customers or we are happy to pay the buyers broker such fee.

So they can get a discount rate?

If there is no real estate agent involve we provide the 2% discount back to our customers or we are happy to pay the buyers broker such fee.

In market situation like this better to buy something with larger discount.

Marketplace, auctions, pallet jockeys discount stores.

The issue today is buying at a deep enough discount to be able to hit that refi hurdle.