Hi all , I'd post and find some insight on what i'm doing in my venture into REI.First off , I've been a real estate agent for a year now, which really helps me locate good deals, and also gives me a % discount on whatever I buy.

Definitely still possible to make cash, but I would think you'd have to buy at a decent discount and increase the value a good amount relative to your rehab costs in order to handle the inevitably longer carrying costs of the slower market.

When you buy a note at a 50% discount your returns are pretty darn nice and by having the funds available I was able to make and close the deals within a few days to prevent any "seller's remorse".It's not been roaring successes.

Seems more sexy than just giving cash back/discount.

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The 2nd BPO agent made a comment that there is so much FRAUD with short sales and that she was sick of seeing people buy properties at crazy discounts.

Maybe it's an inside buyer, maybe they got a discount in escrow, maybe it was a bulk sale, maybe the property got damaged, maybe the property has code violations the Seller wouldn't pay for, etc. etc.

Rod, here is your answer.1) Locate a FSBO with equity that will do 20% or more in discount for cash/ Short sale properties with 40% Or more off the BPO.2) Negotiate a deal with the seller.3) Sign contract including clauses that allow you to show the house.

Has anyone offered you a bulk deal discount of 60% of BPO.

The 80-85% discount factors are more common in my market.