Buy off market at a discount and a property with “good bones”. 

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

I agree with Nathan Gesner but I give a discount.

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

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

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

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

Here, investors seek mansions on large, exclusive properties with direct access to private beaches.

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.

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.