The more you leverage the property (aka with seller financing), the higher the risk that you take during a downturn in the market because your cash flow is less than when not leveraged.However, if you buy at a deep discount, leveraging is your friend because your risk is already diminished due to the low purchase price.

You might set up a pro rewards account with Home depot, and if you can buy most of your materials together, ie drywall, paint, flooring, appliances etc, they will shoot you a discount on the whole job, and you can get it drop shipped to the store or even delivered to your job site. 

I do have a clarification:When we market to our leads we market as RE investors NOT AGENTS. so quiet a few owners contact us who are open to selling to investor but don't necessarily want to deal with the agent for one reason or another, maybe because of tenants or not wanting to deal with the sales process.So once we find out that they are not motivated to sell at a discount, the next logical thing is to convince them to list with us as agents and that kind of a tricky moment I was hoping to get some insight on.

I can go take clients/customers to see the property without a problem however I don't know how to estimate repair costs so usually me and the customer/client just go take a look and they tell me what they think.By building a huge buyer's list full of quality buyers and matching them up with discount properties I see on these sites, in theory I think this sounds like a good idea.

Also add in insurance and taxes and usually with a little discount on the asking price it gives me 5-7% COC. 

Hello all,My mother-in-law has two houses (one SFH, one two-family) that she owns and I'm about to take over the day to day managing of them, and I wanted to get people's advice and input regarding software for bookkeeping purposes.Through my accountant, I can get a discounted rate on Quickbooks Online Pro for $20 a month, and that's locked in for life.It looks like QBO is not geared specifically towards landlords and rental properties, but is more generic for any kind of small business, although I do see plenty of people giving it good reviews.Of course every product claims to be the best, but I'm curious to get other people's opinion on both QBO and any other software out there that they use.Thanks.

From what I'm reading it appears to be a software for commercial properties?

Thats part of the risk and the discount that comes with purchasing an REO.

Hi everyone, I got a HUD deal at a deep discount but I ran the numbers again and there's not enough juice for a rehabber. 

Is there another software?