It will set on the market a long time, you'll continue to pay the interest, and you'll end up discounting it to get it to move.

(explanation: I charge one months rent to break the lease and they have continue paying rent and utilities until the next tenant moves in)I realize that many investors are able to purchase properties at a 70% discount, however they have not been available in my area.

If possible, find out if they were ready to move in retail sales or if they were foreclosures or some other reason the value may be discounted.

Assume that you buy each property at a 50% discount to the $50,000 market value of each property.

But investors I do not request anything down, they usually become a client with repeat biz relationship and discounted, flat rate, prices.

Also, it is standard for investors to put 20% down and the lender will discount rents received by 25%.

Account ClosedI find I am growing to dislike the term "green" as it has lost significance since become a marketing checkbox.That said, we have a green building - a nice sage colour - which has also undergone a deep energy efficiency retrofit.

Banks aren’t taking physical condition into consideration or adjusting to a softening market and discounting appropriately.

Jerry;Nice idea...i actually do something similar with the tax redemption notices in Ga.I look the properties up from the sale lists and reference them against county records online, it really doesn't take that long.For me, the foreclosure thing wouldn't be a ongoing thing, maybe a few months, i was just curious to see what the properties in these particular counties were going for vs. being sold off MLS listings, and i'm betting the difference is huge.If one has inside knowledge of the property from prior owner, neighbors, etc, it would be a way to get great discounts.

My youngest son was in the millitay so I was able to get a nice discount on materials.