I found a very distressed property just around the corner from where I live that just had a "For Sale" sign go up with an agent attached.

I am looking to pay cash on distressed properties and to do the BRRRR method.I have a team in place but would be very interested in connecting with fellow investors, contractors, lenders, pretty much anyone who touches Birmingham real estate.Thanks so much, John

And we know distressed real estate is full of those dudes and dudettes.

This could be beneficial if the property is distressed or has issues.Usually the seller can ask for a higher than market interest rate.And the last reason is it increases your potential market. 

Normally with distressed sellers there is deferred maintenance which can be expensive.I'm not sure what the square footage is, but new floors and carpet alone for an entire house could easily be 11k, so the price actually isn't all that attractive. 

I'm a fan of letting our kids go through stress but knowing when it turns into distress and stepping in to help if I can (financially or otherwise).

With one million dollars and picking up the houses while distressed and refinancing you can build an extensive STR portfolio. 

This is a distressed property deal with enormous potential and a massive COC return.

I’ve got a distressed and on-market house that was recently completely renovated until the couple ran out of money (all of the heavy lifting has been done, just a few things left), and it is listed well below market price compared to surrounding comps I could find.

So here is a partial list of people who might be more inclined to listen to your offer of a cash discount, or some type of vendor financing:Financially Distressed HomeownersThese are people who may be facing financial hardships such as foreclosure or debt.