Some of those banks will also have retail operations, but generally you will get a better rate/fee combo through wholesale (the dozen loans per month mortgage broker gets volume discounts) than if you called that exact bank or lender directly (average consumer gets 1 mortgage every 3-7 years + marketing budget needs to be baked in).

I know of one that invests in notes, the discount and due diligence really helps reduce the risk, but of course any investment carries a degree of risk.

Additionally, if anyone has any ideas on how to find market lease rates and companies or firms that build steel warehouse buildings that would be greatly appreciated as well.Cheers,Mike

You should manage yourself or ask for a 2% discount.

If you purchase a property in the Midwest for $30k at a "20 cap", and you get lucky that CapEx doesn't kill you, and lets assume that you earn $500/month of true cash flow even after 10 years of holding (this would probably never happen, but I am giving your statement every possible benefit of the doubt).Or, you purchased a $500k property in Northern California at a "3.5 cap", this was bought at a true market cap -- no discount.

The property does need a bit of work, and think I can get it at a discount from the motivated seller.

I have been listening to the podcast and am getting really excited to learn all about the different ways to earn additional income as a real estate investor.

Keep the rest (117k) for savings/additions/whatever else/maybe pay the monthly mortgage??

Failure to do so results in having to refund the entire security deposit, PLUS an additional 100% of the original deposit. 

If you go to a Home Depot they have a Contractor Relations desk - You can ask the manager for a 10% discount on a large purchase - I've done this a couple of times and had success!