Negotiations were straightforward, with the seller motivated to close quickly, which allowed Partner Driven and Rodney Lomax to secure a favorable purchase price of $180,000.

In this case, it is not.It's about intelligence and data, not "patience and Persistence".If you need to "follow up" on people, it means you are not reaching motivated sellers.

Message me on BP and we can set something up.Original BP post (check it out to see how much of a dream this was for me 9 months ago): https://www.biggerpockets.com/forums/55/topics/1162005-first...Best, RyanOn a side note, if anyone's looking for a young, motivated, and incredibly knowledgeable agent in Grand Rapids and the surrounding areas, let me know and I'd be happy to connect you. 

My unique approach combines deep market analysis with a strong network of motivated sellers, ensuring you access the best deals before they hit the mainstream market.I’d love to know more about your target market areas and buying formula.

I bet they are getting a barrage of leads right now with many motivated sellers looking to sell their homes to anyone.

Learn about Form 1003 and if you are really motivated, learn the Fannie Mae underwriting requirements, specifically Part B. 

@Jack Mi: my first impression is anyone that is buying a deal at a 4.5% going-in cap rate with 7% interest rate is anything by conservative.Now, there are so many details missing that it is impossible to give any true thoughts.The things I like:No up front fees, so less motivation to simply transact10% Co-invest is pretty good80/20 (assuming there is no second hurdle) is fairly good.Things that give me pause, based on what is actually presented:Going-in cap rate is very slim.  

Another option is seller financing, where you negotiate directly with a motivated seller to carry the note instead of going through a bank.

I bought my stuff cheap for cash, most over a decade ago.We still find distressed properties and motivated sellers willing to get rid of unwanted properties cheap that we fix up and rent out.I also use cash from my self directed IRA to also buy properties for cheap.

If you had a real buyer lined up and were adding value to the transaction by connecting them to the motivated seller, then that would be different.