I think your idea of discounted tile is the way to go, get the durability you want at a discounted price.Hope this helps.

Nobody with any business sense is going to work with the guy that asks for a discount on the smallest deals in the market.Do you want to work with the bottom of the barrel agents at all times?

In my opinion, the market in Las Vegas right now is very difficult, as sellers are expecting higher and higher prices, banks seem to be content to sit on inventory rather than sell at discounts, and most good fixer deals are going for all cash and fast.

William I think at best maybe you ask for a discount on your next house inspection.

I found they were discounting the notes at the sale far less than in years past for obvious reasons.

Personally I think you should get a bigger discount for paying cash...That's just me though.

Double close the short sale to your end buyer or close and sell the business entity to your end buyer.Just to be clear....your must get an approval from the sellers lender for anything relating to your transaction that is different than what you presented to lender for consideration of the short sale discount.

A DIY here probably leads to defects which leads to discounts which means you are holding this loan longer than what you seemingly desire currently.

I'm not sure I ran the figures right to buy this place even though we bought it at a discount.

And since we care much less about the top line, and much more about what's left of it after expenses, we should likely base out valuation decision on that NOI figure - 2% rule does not do that, which makes it criminally incomprehensible as an analysis tool, let alone a "rule".In order to use the NOI as the baseline income we cross over to the capitalization method of valuing property, whereby the NOI is capitalized via a multiplier know as the capitalization rate to arrive at a valuation.Finally, to Bob's comment, since cash flows are not static and must be discounted for time, inflation, and opportunity cost, a complete analysis would underwrite to the IRR (internal rate of return), which would take into account all of the movement of cash, including the exit which captures the appreciation and rent growth, if there are any.