I am motivated by all of the realistic exchange of information I read here that seems to be lacking at a lot of other sites.

I don't know the history of the property but it is probably just a matter of clearing everybody's name (heirs) from the property deeds.I haven't measured it but it's safe to say that it's about a 35' by 30' cape.There is one bathroom downstairs that opens up right into the kitchen (yuck) and it doesn't have a tub.I have an appt next Tues to sit down and talk with a lawyer about the remaining heirs.

Furthermore I cannot get a job as I am here on a tourist visa.I am literally spending 100% of my time trying to find motivated/desperate sellers.

The best way to find motivated sellers is to market to find them.

I have had my fill of dealing with "motivated sellers" who really don't want to sell.So I am glad to have found this forum and I hope I can contribute some.

Just remember not to be a motivated buyer yourself. wait for a good deal and take that one.Good luck!

Correct me if I'm wrong:1.A wholesaler finds the deal from a motivated seller. 2.Secures the deal with a "subject to" purchase agreement. 3.Flips the contract over to another investor.I understand between 2 &3 the wholesaler is marketing the property to investors, but what is he telling the seller all the while.

It definitely works, but as you can imagine there is lots of coordination involved and the seller has to be motivated (not too hard to find in this market).

The basics are fine, and if they get you motivated to act, even better, but each market is massively different.Can anyone honestly tell me the real estate market is the same in Dallas as it is in New York?

Wouldn't you prefer to use actual #'s where known and then use a lower percentage as "remaining operating expensese" to determine cash flow?