If you are seeking to buy a house under discount value you must have right mindset:

"The deal of a decade comes along about once a week" - Dolf De Roos, Real estate investor.

Houses being sold below market value are out there, its just a matter of knowing where to look and buying strategies you use.

So where can I find houses being sold for a discount?

Find motivated sellers. Some examples of these sellers are people who have experienced death, divorce, bankruptcy, less intelligent, people who have deadlines, and are developers.

Bankruptcy/Foreclosure:

When bankrupt an individual will have option of selling their house to a third party, most likely at a cheaper price than market value because they need money fast. If an Individual is bankrupt and bank is creditor, bank will take asset (the house) and have a foreclosure sale. You will often find a cheap price there as well.

Death:

Although this may seem like profiting of someone else's misery, its not really. If house is not included in persons will, it must be sold, someone has to buy it. If deeds to property are transferred to someone else there is often a good chance they will not want to hold onto it and want to sell it quickly.

Divorce:

When couple breaks up things often get nasty and they both want to be separated as soon as possible. They will often settle on selling their house for a lower price but quickly.

Less intelligent:

Sometimes people are selling properties with out help of a real estate agent and will not know exact value of their house. They will usually price their houses too high because of emotional attachment to it. On flip side they might be ignorant of real market value and sell it for less than its worth.

Deadlines:

Often best place to find deals. People with deadlines need to sell their property quickly. They may be going overseas or need money fast. Almost all people with deadlines will sell their houses at a discount.

Developers:

In some circumstances property developers may have over extended themselves on a project and need to cut their loses. You can pick up discount houses from their mistakes.

Always ask why house is being sold so you can determine whether seller is motivated or not.

Other sources

Great places to look are under classified section in newspaper, look for things like "Urgent" or "Heavily reduced". What I love about ads under classified section is that real estate agents are not often involved. This is good because real estate agents will often try to push up price of a property so it is above market value. People without real estate agents often do not know true market value of their property.

Payday loans may be right for you if you need some money for a short time and have no other option. Car repairs, medical emergencies and other unexpected expenses can really strain your finances. Some weeks last longer than your wages do. So you simply borrow enough to tide you over until your next payday.

There are two kinds of payday loans:

1) online payday loans

2) in-person cash advances.

Both kinds of payday loans are convenient, quick, private and easy.

• Convenient: You can apply for an online payday loan using your computer. You don’t have to deal personally with a loan officer when you apply for or request an extension for your payday online loan.

• Quick: The online payday loan takes only a short time to complete and usually doesn’t require any other documentation. Web payday loans are approved in minutes--virtually “guaranteed loan approval.” The cash could be in your bank account within a day.

• Private: You apply for an online payday loan at home. No bumping into nosy neighbors while waiting in line at bank!

• Easy: There are few online payday loan application requirements. The loan amounts are smaller than conventional bank loans so paperwork is less. Generally, you just need to be at least 18 years old, have a job (so you have a payday) and earn at least $1000 a month.

Note: a payday cash advance loan is a little different from online loan. All you do is give lender a post-dated check or some personal information like a credit card number and you get your cash advance on spot. When you repay loan on payday, you get your check back. Of course, it lacks convenience and privacy of applying online.

Avoiding Payday Loan Dangers

So, what about your friends’ warnings? Yes, payday loans can be quite expensive. Interest rates are high--sometimes as high as 700% a year! You may also be charged other fees. But you can get around these by following advice below. A little headwork can save a lot of headache.

• Trust only payday loan lenders with good reputations. Remember, you’re giving them personal financial information like credit card or checking account numbers so you want to deal with honest people. On lender’s website, look for BBB (Better Business Bureau) logo.