You would negotiate with the lender directly for a discounted price under the actual amount owed on the note.

Just ask them and keep a straight face.

We have created unique relationships with: Property management companies Realty firms Closing attorneys Appraisers Over 10+ rehab crew and more In addition, we have the infrastructure and marketing systems in place to get properties at deep discounts.

I have a question I need some help with from the more experienced Brokers, Mortgage Bankers and Real Estate Professionals in the forum.I have a client that is considering purchasing non performing notes from some of my lenders I work with for a substantial discount on the unpaid balance.They want to then go back to the noteholders and forgive the past due amount and restructure the note at a higher interest rate for forgiving the past due amounts.While this is a really sound idea, I am curious to know if it is legal, or furthermore, if there are any issues with them selling off the notes at a later date as performing once they are restructured.Just curious to know if any of the others have any experience with this.

Previously, we bought 2 houses and lived in them while we made repairs, but this one was a straight up investment purchase and we close on January 26th 2007 - what a rush.We own an advertising business and have built the company to a 58% profit margin over 4 years with 3 current employees.

We have discounted deals available right now.

Equity at Closing (from buying at a discount)3.

Unless you just have large amounts of cash that you are okay with putting into essentially a high yield savings account, then you will have to find property at lower discounts than that to be successful in the long term with rentals.

I explained to him that I sell at a discount so I don't have to negotiate.

when i start buying houses at steep discounts, this becomes very questionable.