Making offers on REO Properties.

[Luis Aviles]

Hey guys, 

I need some input on making offers on REO from MLS and also how t put an offer on something that is Lender owned and not yet on the MLS. I was told that make a %50-60 offer on a foreclosure is unrealistic and it's probably a long shot. I haven't put out my first offer yet but I want to make sure that I'm ready for the battle when I do!