We also got a great discount.

That said, we model our holdings both ways to find the sweet spot between "maximize cashflow" over our intended hold period and "pre-payment of equity" which results in greater cashflow in the longer term ... it then becomes a matter of discounting the two cashflow streams and deciding which is best.It's also a matter of shaping one's strategy to fit the circumstances.  

It's been hard looking for something at a discounted price but I will keep at it until I find a deal that meets my criteria.

as well as having to go through a judge or attorney and possibly only getting it discounted 10 percent off appraised value?

I relaoate the tenants for a weeknd discount the rent for a month and tent the unit.

They gave me a good discount and held a note for 20% so it was 100% financed.

@jennyduclair The answer is to find deals that you can acquire for a discount and then force appreciation - if you are willing and able.

An investor can pay par, premium (above the UPB) or discount (below UPB).  

I offer free consultation and discounted fee to all BP members so please feel free to reach out to schedule your complimentary consultation so that I can learn more about your needs and provide you with some education about self-directed retirement accounts.

We'd love to invest locally however the the high real estate prices in Vancouver & surrounding burbs make it very difficult to accomplish without the needed deep pockets.