@Gerald W mcgeeGenerally speaking Hedge Funds, corporations and large capital groups purchase default notes, in bulk, at a discounted percentage of the value of the note.

Garrett Hi Garrett,In order to avoid putting 15-20% down I have to buy the property at a discount.

But for what I am getting for rent from my basement at $1300 and I know I could rent out the main part of the house for at least $1700 I would think the house would cover itself minus any repairs or vacancies that will occur (hopefully there will be some small cashflow to be able to save for those, if not at least I would be splitting the cost with someone)As far as financing the next purchase I may be able to buy the house cash at a discount (with money borrowed against my fathers home which he owns free and clear) and then take out a mortgage in my brothers name.I also have another contractor friend who is interested in partnering up and doing some flips.

Please feel free to mention my name and ask for a discount.

Also you can give them a shout, ask a few questions and get a decent discount on the course. 

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.