From: ehcorp1@lycos.com
Newsgroups: misc.invest.real-estate
Subject: Re: making low offers - annoy realtors?
Date: 1 Feb 2005 13:13:05 -0800
   posting-account=i9tfRgwAAADOgdMqv4siBIG9aLecn6oL

You can acquire real property at 20% discount and go broke.  Many deal
are closed each day at far greater discounts, many of these deal are
not listed.

Torturing brokers by low balling MLS Listings is an ineffective lazy
way to get at the cheese.  Far better to spend the time and energy
identifying distressed sellers first or scaling the foreclosure vulture
learning curve.  Most really sweet deals are won with cash, so if
you're not a cash player, then you're just one more wannabe who gets
wet over a small 20% discount because your broker tells you its a great
buy.

Bottomline is that wholesale acquisition usually occurs away from
re-brokers and their retail MLS junk listing inventory.