We found out the sellers were highly motivated due to personal problems so we were able to negotiate some of the closing and we able to get into this house with little down.

Brokers are also more motivated to get your deal closed than a retail lender.

I was not interested at 1.2 mil but became motivated buyer when I could buy it for 800 and get 100k of upside I said sure why not..3.   3 houses  125k closing i put up all the money  he had two of them sold for 100k and that closed 5 days after we bought it so basis on the last house is about 25k .. and its on the market for 89k. 

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I have notified our lender (the old seller) in which they are fine with the title change to an LLC (with no due on sale clause), but are not willing to change the payee of the note, in which the mortgage will remain under our personal names. 

Realistically it's going to be difficult for you to actually collect the remaining rent amount if the tenant refuses.

Hi Julie,We’re looking at a very similar situation with a house owned by an estate where one of the family members wants to remain in the house but at a significantly reduced rent rate.

For the NOO "motivated buyers," some of them buying other people's properties in this market, will end up like the 2006-7 "FOMO investment" buyers who lost their property at the courthouse steps in 2010-12. 

Additionally, the prices remain reasonable, and the rent-to-price ratio is quite favorable, making it an attractive option for investors.If you need assistance finding properties or have any questions, feel free to reach out.Thank you!

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