And many times depending on what state you live in and how the sales are in that area … deals in these types of properties are not easy to find. You’ll have to work at it and build a network. Great deals from realtors generally don’t fall in your lap regularly. (Atleast not where I’m from).
Many lenders including Fannie Mae and Freddie Mac sell their repos through realtors. Many times these properties are the typical fixer uppers and are discounted accordingly.