Looking for the asset (the property) in order to buy the debt is not a very efficient way to seek bargain deals.In the early days of my career it was not uncommon to buy a mortgage from a bank or S & L however it's exceptionally rare that an institutional lender will sell a single loan to a single investor.

The variability in sale price would have to be driven by how those costs are arrived at and how cost efficiently a given investor would be able to complete the work for to either secure a tenant or flip for an acceptable margin. 

I like to work at scale and am always looking for efficiencies.  

Couple of reasons one it is easy as we know the area and neighborhoods intimately so know values better and we also keep a lot of houses as rentals and Rahman some and my contractors will but prefer not to drive an hour we also no code enforcement in our cities so that makes things easier last we still buy inflorida and have purchased liens in teller county co so would not eliminate other places but are very efficient when most are neat how about you?

The interest on the hard money would eat up all his profits,And the concept is to then get enough money out of the refi to repeat.Not saying it can't be done it'll just be a longer road.Where as he could do very efficient flips with the hard money and get his own capital to work into the brrrr.

For us, it seems that continuing to build this surplus is not efficient in the short term.

Things were off to a good start - got a building permit to demo the house, found a contractor to do the demo nice who did the job quickly and efficiently, found an architect/engineer who understood my vision, and then it came to a halt.

As long as you are patient with me in this respect, know that I intend to build some beautiful, energy-efficient, and profitable houses as well as purchase enough rental properties so that I can have more financial freedom.      

As long as you are patient with me in this respect, know that I intend to build some beautiful, energy-efficient, and profitable houses as well as purchase enough rental properties so that I can have more financial freedom.

So what is a very efficient way to find deals?