I agree with Chris...What do you know about the sellers and the motivator for them entertaining the sale?

They were two homes that each needed light rehab in a great neighborhood, and the sellers were both very motivated.

It is great to know that so many other people are so motivated and have such a passion for real estate and investing.

Without a solid root cause, its very hard to stay motivated and drive through all the learning, obstacles, and fears.

This is a contract I got off of BP's File place and used before in California but the attorney said it is not valid in New York state and the contingency's are ridiculous (assignment, taxes, inspection periods, etc.) and she won't let her client sign it.I need some input from other wholesalers, and/or buyers on how to salvage this deal and at least walk away with something from a very motivated seller.Thanks

It has three templates and we use it for motivated sellers, cash buyers and private lenders.I hope this helps!

If that definition of market value is met, you never buy under market value, the price you paid is the market value.Distressed sales may be from the motivation of the owner, the property condition, it may be under performing or there are issues of obsolescence, functional or external.Cure the matter that effects the property, mismanagement, condition, functionality or obsolescence.Going the route Chris mentioned can be done, it's not guaranteed as an over night method as it may take time to achieve a record that can be shown in the market and there will also be more emphasis on the management ability of the borrower.

Realtors are your best source of business but they want to get paid just like everyone else, they deal with owners everyday that don't want to pay commissions, don't want to short sale and want a better investment.Also Realtors deal with buyers who don't currently qualify for traditional financing and they are walking away from these potential opportunities.Our company LeaseOwn Homes charge a minimum 5k or 3% of the purchase price for the option fee upfront and we pay realtors up to 50% of that depending if they bring the buyer or seller or both.Also we charge 2% per year as the balance of our option fee paid at time of purchase of the property and give the realtor 25% or 50% see above.This motivates realtors to work with you and by taking care of realtors they will give you warm leads and will help you close them.Again a win-win.

Seller is motivated and owns the property free and clear. 

Keep screening the calls bro, that motivated seller is coming soon.