True investors want to purchase an asset at a discount to today’s fair market value. In the past, this was a big challenge for real estate investors. However, now that we are in a real estate recession, investors can finally purchase houses for significantly less than “today’s retail price.” One method to do this is at the court house steps through a trustee sale auction.

Watch the video below from my favorite realtor, Jim Klinge (aka Jim the Realtor).

Apparently Jon Mann, San Diego real estate professional investor, purchased this home yesterday. As Jim says Jon has been “on fire” buying 20 to 40 homes a month “just making a killing.”

Note: We’re doing something similar in the Phoenix market with our friends. It’s (finally) an exciting time to invest in real estate!

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