Joining a REI club can help you find these sorts of people.Real Estate to me at least, was a little intimidating at first, but that quickly went away after my first deal.

They have all sorts of groups across the country, both business and social.

There are many who do this sort of thing.

I do not have much experience in this field at all, but I have read quite a bit on the investment side and have a lot of motivation to become an active individual in this field and do what it takes to succeed as an investor.

To start off, My advice is to read as many of the forums of this site you can, go to your local library and read some books on Real Estate Investing, Read "You, Inc," and any self motivation books you can find.

I only bring this up b/c a wholesaler acquaintance of mine wondered why he couldn't get the "motivated sellers" to part w/ their property for his asking price, no matter how much he bargained w/ them ...I'm interested in getting feedback from others on this..Aren't you guys tired of the dumbed down approach to wholeslaing taken by gurus?

if you find a property that you think might belong to a motivated seller, how do you find out who owns it and how do you get in touch with them to see if it's for sale and start negotiating?

Usually, good deals come about from motivated sellers and not sellers who are not motivated and asking high retail price points.Yes, you want to get as much info as you can from the seller, the submit your LOI ASAP but keep in mind that what the seller gives you are tells you and what is actaully so are two different things.Granted this deal is no apartment building and therefore you will avoid some of the costs associated with that type of investment and therefore, your OE ratio will not be as high as 50%, but if you pay taxes and insuranc ean I would assume utilities, there is no way you can expect a 25% clip which is what the seller is pitching you.Teh info you really need to know is why is the seller selling?

Building department.Is this sort of conversion common in the area?

The hotter the market, the more leads it takes to find the motivates seller.