Get something that needs work and get a discount accordingly, then roll your sleaves up and put in some sweat equity.

Hello,My Name is Brian, and I was wondering if anyone could tell me the average investor discount in Chicago?

Some would hold the money and wait for the Real Estate crash which will happen sooner or later and have cash to buy up a lot of property at discount prices.  

The first one we purchased we had to litigate with the city to get them reduced.To figure out purchase price you should discount gross rent.  

It was on discount and I really should have bought $10,000 to store for later projects.

I like to ask, how much do,u need above your existing mortgage, how soon do,u want to settle.You need to show the seller the benefits of taking back some paper; interest payments, show the seller how much they are making over the term of the mortgage, let them know they can discount the the note for cash when they need it, use the note as a down payment on another purchase, split the notes, pledge the note as security for a loan, give it to their kid for college cash or just keep it in their cash flow portfolio.  

There are flat fee/ discount agents who will just list the property.  

Is anyone doing both purchasing/brokering discounted notes and factoring? 

I have been in contact with code enforcement.

Wish you well and feel free to connect with me for unique discounted deals in Miami-Dade.