No real rule of thumb to say a discount will be X%, depends on many factors.I agree with Wayne that you'd be better off with private money, problem is they are usually short term, but there are some little old ladies that would love to get 8/9% for 10 years for the grandkids, but that has other issues too.Now, if you're buying a 100K property for 70K you might do a 90K loan and you may get the 70K, the trick is not to go over the market value of the property and show that you have skin in the game or compensate for the skin like a pledge of other assets.

I am just getting back into the business after a hard reset in 2007. Looking to invest locally as I have learned working with properties even 30 miles away can be a pain. I intend to focus on preforeclosures and I w...

I really am not desiring to manage my properties myself, it's not in my long term game plan.The town is small and with city codes I don't know that they would accept a box as an address as well, and I tend to try to play by the rules and codes rather than break or bend them, but that is just me. 

I've been working in the industry for 5 years after having graduated from Texas A&M.

Your client needs some serious skin in the game if your credit is on the line.

Recently I came across the concept of wholesaling lease options and am extremely intrigued both because I feel that it would be an awesome way to enter the game with little to no risk or money out of pocket and it seems like it can be done in any market/economy/state regardless of where I live.

Recently I came across the concept of wholesaling lease options and am extremely intrigued both because I feel that it would be an awesome way to enter the game with little to no risk or money out of pocket and it seems like it can be done in any market/economy/state regardless of where I live.I ask, what do you guys think about wholesaling LO as my first RE venture from Chicago?

Sold my rental property, worked 4 years as an EMT/ Firefighter and now that my kids are grown up a little, I'm looking to get back in the game with my wife.I have worked with the city here on a number of rehabs and also have quite a bit of experience as a carpenter/ contractor.

To give you a bit more background, I graduated from A&M with a business degree, then promptly headed off to South Korea to teach English for a few years before starting my own business here (unsuccessfully), then moved on to the import/export consumer goods industry heading up the Korean market for a major New Zealand honey company.

Lessons Learned From Two of My MentorsThe real estate industry offers many ways to achieve success and many options within each path.