I'll go crunch some numbers...I'm not confident there is enough of a market in my city to support the kind of business I'd need to run to support my loans, but I'll look into the numbers for sure before discounting the idea.

I certainly fit into this category...I have a number of tremendously far-left ideals and a number of tremendously far-right ideals...depending on the conversation, you'd probably either consider me a socialist or a libertarian...Of course, I don't tend to argue my far-right ideals on this forum (there's no-one that would argue with most of my far-right beliefs...they'd just agree with me and that's no fun :), which is why people here consider me to be solely far-left (and they're half-right).I don't really have too many beliefs right in the middle, with perhaps the exception of corporate regulation...I'm pretty centrist on issues related to that topic...

A huge factor is utilization, so the more credit you have available but aren't actively using, will help your score tremendously.

Not the person who's just trolling their home out there and won't take a discounted/wholesale offer. 3)ARV is established by running comparable sales of other homes similar to your subject deal.

They then sell to me at a deep discount.

The trim, interior doors, hardware, cabinets, roofing and windows are at a steep discount because they are all canceled orders from people who declared bankruptcy and didn't pay.

The banks response was only to come down a percentage or two off of the asking price.Interestingly though, one of the banks came back to us in January and offered enough of a discount to take the deal.

Well the way involved was just trying to take some action and see if i could get a good discount on a short sale and maybe flip to another investor if the numbers were right......Thanks for the advice i also think the realtor was trying to use me as the middle man to prolong the foreclosure too!!!

Some get squirrely with that strategy.Why is it being sold at a 30% discount to FMV?

Bidding as foreclosure sale can give biggest discount, but since title insurance is unavailable and thorough inspection of property not possible, much greater risk is assumed.Being new, I would use a Realtor, get a long enough due diligence period, and possibly purchase consultation time with a real estate consultant - (not a guru).