With a competitive landscape for all types of real estate I had a very difficult time finding opportunities where the price and numbers looked good, and the seller was motivated enough to carry a note.

Here's the breakdown:Financing: We used a seller carry deal with 25% down ($100k), a 30-year term (balloon in 10 years), and a 4.68% interest rate.

The Seller needs $200k now in order to get out of debt.

Title spoke with seller and seller happily signed the release.

Where you would put in the mortgage the seller is financing.

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

@William Taylor so many options...Use your RE knowledge to: WholesaleFind rental deals to sell to investors locally or here on BPStart leveraging your personal contacts to build your sales businessFind a motivated seller willing to do seller financing:- Move in worst room or basement, rent out all the other rooms for max cashflow- You could even live in the basement and STR the rest of the house

learn about as many strategies as you can then open up a prop stream acct and go to town looking for motivated sellers in Middletown.  

I found the deal, negotiated the price with the seller, and did the work to get the deal done.

Quote from @Brandon Snyder: Adam, that off market inheritance lead sounds like a perfect opportunity for a first purchase.. especially since you’ve already built some rapport with the seller’s family.