No Motivated Sellers or a more experienced wholesaler or investor would seal the deal.I am moving to Wilmington NC soon.

Its owned by 3 individuals who inherited and they've lost anywhere from 15 to 20 separate units to the state so im guessing their motivated.

I have a motivated seller who has a house that he wants to get rid of in California because he lives in Vegas.

When the rubber meets the road they owner gets real money establishing a true equitable interest that I can hold feet to the fire if they change their mind (at least to the extent of getting funds back to the buyer of motivating them to sell).BTW, options do not "tie up" a property, any property can be sold subject to that option being taken.

Or I can do a key-word search for terms such as "motivated".Anyway, the best deals on the MLS are not the ones that you have to jump onto quickly though.

You need to learn how to find MOTIVATED sellers (those who HAVE to sell NOT want to sell), get them under a simple contract, and sell to a buyer.

This was why the seller was so motivated to sell.The property itself will need $15k-$20k of renovation before it is inhabitable.Although the ARV was ~$120k and we could have marketed the property for as high as $40k - $50k ((ARV X 0.65)-repairs) , we didn't have the luxury of waiting around for the right buyer and decided to go with a lower price, especially given that we were able to get it under contract for $2,500From initial contract to closing at the attorney, 7 days total.

What if I have found a motivated seller, and I have the property under contract, and I begin to market the property to end buyers.

First its all in teh list and the more targeted the list the better the results.So a list that targets all home owners is going to not do as well as a list that might target something specific like:Out of State Owners - where you might get people who have moved away or inherited a house they don't want or burned out landlordsUnpaid Taxes - where people are in financial difficulty and going to loose their house to unpaid taxesOwned for a Long Time - where the people might own free and clear orHigh Equity Owners - again free and clearOr even other lists that you might build yourself -Expired MLS LIstings - people who want to sell but did notNOD - people who are have received a notice of defaultLate Pays - people late on their mortgageGarage & Estate Sales - people moving out of their houseAs for a good letter, I have recently used a yellow letter company for a simple I want to buy your house and they make a "handwritten" letter on legal pad paper, fold it weird to put in a thank you card size envelope, with a "handwritten" address, and grandmaesque return address label.It gets opened more, but we do get a lot of calls with people saying they don't want to sell or that we should say we are a company.We tested the straight Dear Mr Jones, we want to buy your house at 123 mainstreet with out our company name or website, just to call us . . that generated more calls than the letter that just went out that added in that we are an investment company and they can call or visit our website . . . can't tell if the results were much different.And personally, you can get all kinds of results, but it comes down to it, you want the motivated people to call you and those people are going to find you letter or not - if you have a website.

Surely not on mls, distressed motivated seller bird dogging?