Never pay more then the property is worth and always inspect if you can.I make property tax loans and i buy houses from motivated owners whom owe delinquent taxes but I do so outside of the auction.I have a degree in engineering and I developed a program that searches for every property owner who owes back taxes and it spits out the results in a nice excel spreadsheet.

Being a large contributor that is not going to help me understand.I was half expecting a little help window or other motivation pitch.

Since I have not spoken to him I don't know what his situation or level of motivation is really.And one more - How do I comp my birddog?

You need to think of a number that appears fair but motivates the buyer and the seller to get the deal done rather than focus on ways to cut you out.Overall I think the buyer is over paying.

believe that buyer's agent - with his 7% bonus - will be sufficiently motivated to make your offer go thruPlease do not think I am trying to insult you with this, but...Maybe you do not really understand the system.

Are you expecting to pay a fee, share profits or something else to motivate the mentor?

I'm assuming you are past the "motivational" step of the process (ie. any of the Rich Dad Poor Dad series and Think and Grow Rich).Let me state now before I go any further that I am a newbie myself.

I just sent the owner, who is a great guy who seems to be very motivated to sell this house an email, telling him I may be interested in it myself.

Being off the loan has its place.I suspect the real motivation has to do with your relationship with your partner.

But what I lack I make up for in motivation and available time.