This is the sort of deal I was referring to with my higher 20% number.

It is just as crucial and may be more that a teacher is also a motivator.

I now have employees that do it but if someone (before) were to find them for me I'd gladly pay them a commission of sorts -- depending on the quality of the deal.

I really want to know how to find motivated sellers and what to say to convince them to give me a chance.Would you please give me some suggestions or advices on this?

I have been wanting to get this going for years, been reading/studying on & off all this time and am now getting things going.After lurking on this forum for some time, I realize that my reading has focused on motivational books with little substance and I am now struggling to come to grips with the cold calculations of the REI experienced here on BP.

There were also a handful of loans to trusts made by WaMu and a few other extinct banks during the mid-2000's period of loose/cheap money.Title holding trusts, of the sort commonly used by real estate investors in my area, offer first level privacy for investor types and convenience of administration, but no real asset protection.

We really are looking for the truly motivated ones.I like what Brian said : >I'd do 2 things.1) Say, "Next"2) Stay in contact with her every month or so---a note or phn call "just to check in".

Keep your ears and eyes open as there are likely some motivated sellers of units that aren't listing their properties for sale.

Start with a single focus and become an expert at that before trying to understand everything.I also think you should hold on to your wallet and get the basics down before you try and spend money on all sorts of bells and whistles...

The thought comes to mind of encumbering both apt buildings presents a juicy fruit to the bank as they get to encumber all properties involved with some sort of blanket loan.