We learned about discounts as children going to the grocery store and the whole concept of coupons. .25 cents off this and that, 2 for 1 offers etc. Maybe the grocer had too much inventory of an item so they marked it down for a few days. People run around town chasing discounts at various stores and do without items until it "goes on sale". Imagine if we took that dedication of finding and chasing "the discount" and applied it to high ticket items like real estate. Why would these high ticket items ever sell at a discount? This is the Multi Million dollar question! Real estate is a very illiquid item. Some properties can sit on the open market for sale for months and months even if it is at a discount to its appraised value. Availability of credit usually determines the overall real estate market. Tons of capital floating around tends to move pricing higher while tight credit forces the pricing much lower as we saw in 2008-2012. We have experienced excess capital availability in recent years driving real estate markets much higher. There are still discounted properties out there because of individuals' personal situation, and that is what we want to look for. I found a software that does exactly that, it filters for properties that have events coming due. Let's say filter for commercial mortgages coming due that have an existing balance like a balloon payoff with a very low existing interest rate. That event could trigger a properties' distress in securing a new mortgage to satisfy the existing payoff coming due. The higher interest rates today could also add to the situation. The bank with the payoff coming due has to make a decision. Foreclose on the property if the owner can not secure financing or extend the current loan into the future, or provide financing through a refinance at a lower rate the borrower can afford below current potential rates. Most banks are playing "extend and pretend" for now. The software I found is kind of expensive but gives me very important data. I am thinking about getting a few of you together to cover the monthly subscription.