So, yes, it can be the best time to buy as the sellers listing during the winter are often the most motivated.

The homeowner insurance market right now is a dumpster fire with carriers refusing to write business and creating incredibly tight underwriting guidelines.

This home is still an incredible investment, and we wish we had it, but are happier to have all the lessons learned from it.

The deal itself seems like an incredible opportunity for the right buyer,  penciling at a 9 CAP. 

The seller is open to seller financing, which presents an incredible opportunity to grow without traditional bank financing.

It is based on performing loans where the mortgage payment is not higher than $600 and they have shown at least 5 years of payment history and get this, they have no higher than a 50% LTV so the homeowners are very motivated to not walk away from all that equity.

.- Have attorney draw up a contract to do this.Suggest you offer your dad some cash, now or in the near future, to motivate him to transfer his ownership to you.It may not work out, but you will learn a lot either way!

Coming from a family of lawyers the ones in my experience that make less than that are usually just not that motivated or are not that good at what they do.  

Quote from @Wale Lawal: @Damian WalkerAs a real estate investor, it’s your job to find motivated sellers every possible way you can.

I’m here to connect with like-minded individuals, exchange ideas, and continue learning from this incredible community.