Mark, we meet all your qualifications, have done 28 flips to date and 7 more working on currently, so Inwould qualify if I were in CO.Angela, you would be surprised at the people who sell at a steep discount for instance probates that are full authority no court confirmation needed, and the families just want to sell the property to pay off creditors, and then divide the money amongst the heirs.

However, you're not likely to buy a property that needs such little work at any real discount, so there's no real opportunity for built in equity.

They want $90 for it and it is worth about 89"This could be as simple as: walk away.Or it could mean that they looked up similar houses in the area and decided that their place only needed a "minimal" amount of work, so they put a minor discount on the property; say $97k average for similar places, so they think $90k should entice buyers.You need to clarify what "worth" means, for us and yourself.1. 

If you are a flipper I am open to partnership and can bring discounted properties your way.

I have private money lending at 6% that will fund the rehab and I want to ensure that I am calculating this correctly.Rent - Mortgage - Insurance - Tax - Vacancy(10%) - Maintenance(10%)1350 - 440 - 50 - 210 - 135 - 135 = + 380Cash on Cash return (initial):380x12 = 4,560 / 40,000 (down-payment + rehab) = 11.4%Cash on Cash return (after rehab and appraised at 120k) New Cash Flow using refinancing with 80/20 conventional:1350 - 530 - 50 - 210 - 135 - 135 = +290290x12 = 3480 (per year)Total Cash invested:Down Payment + Interest to Private Lender + Cost to refinance (4% of remaining principal)   24,000+1,200+ 3850 = 29,050New Cash on Cash: 3480 / 29050 = 11.9%Major concerns are not knowing which way the area is trending and not getting any sort of discount on the rehab.Any input would be greatly appreciated.

Guys how would you buy hses with discount rather at retail?

First the no trouble discount ,  this is  a tenant who rarely if ever complains, when they do it is warranted and when you need to get in their apartment there is no issue to do so.

in today's mail i received both a 'Renewal Offer' and in a separate envelope a 'Notice of Cancellation of Insurance' with a 'Past Due' bill demanding $600 plus $10 late fee.since my policy with Farmers ended April 30 and I was unhappy with their rates, as of may 1 i switched to Amica and was told i don't need to cancel my old policy as it expired.some nerve farmers has to mail a renewal offer yet renew it without my auth and already apply $10 late fee barely 10 days into if i had let it renew.i've had other issues with farmers which i could go on and on about, for instance they doubled my auto insurance premium because my discount affiliation letter listed the dates i was active with the organization but was missing a date it was signed by the officer, etc, ridiculous stuff; suffice it to say, farmers?

Were any of them motivated to sell to you at a discount or on terms?

Hi, is there a discount on postage if I send say 500-1000 yellow letters?