If not, plenty of other fish out there. 

So if back that out of each payment to get your new interest rate and if that is not enough return, keep connecting with this note seller, he may reduce his price sometime in the future, and then again, he may not . . so keep fishing.

they are all competing or fishing out of the same pond for the buyers.. find a company you like and and work with those that you feel you have the best connection with .. this is important.also there is a very FEW companies that do what I call turn key light..

because they wouldn't want to lose a high offer, but they might want to fish for higher.

hope you get the first fish and start reeling them in.

Side note; seattle 1 bedrooms are having dramatic increases in vacancy rates.The retail apocolypse that will kill 40 percent of that sectors square footage needs in the coming decade, no yeild in bonds, artificially cheap money(interest rates) and an old bull equities market has everybody fishing in the same shallow pond.Please keep your job until you have something SECURED.

To answer the op's question....and please anyone jump on this if i am wrong;The country is yeild starved, bonds, besides junk, pay very little, treasuries are a joke, savings rates, crap, very old bull market is tempering new money, retail and associated brick and morter are under attack by a new paridigm and will probably see a large percentage of existing sf go unneeded, industrial space, unsure, so multifamily is the only pond with some fish left!

I once traded a 19' Fishing boat that I took in trade for a down payment on a house and traded it for supplies.

Also he is not at all flexible on price so he isn't motivated, all he is doing is he tossed his fish net into the ocean and he is sitting around waiting to see if it accidentally snags a large fish.  

Unless you want to buy tear down and build 3 new but there are big fish doing this and you can’t compete.