If you are not motivated by CASH, then owner finance and it and immediately fix the cash flow issue.

Likewise you could have a motivated seller selling a fully occupied Class A asset at 7 CAP. 

Bottom line is you have to find motivated sellers AND cash buyers to have staying power in the business. 

#keepitup.A) Motivation Do not stop.

I am looking to become financially free some day and I am motivated to do so.

Purchase price: $40,000 Sale price: $55,000 This was a wholesale deal we recently completed to help a motivated seller who was looking to unload his existing property which was in need of renovation and buy a new home.

Thanks again for the post, it is very motivating for Newbies!!

The seller is motivated due to needing cash to build a new commercial building for his new business.This seems to be a good price in our area ($50,000/unit) but how do I really get a good estimate on property value as a whole in making a good decision on this deal?

With the profit from my first deal, I plan to get licensed.I'd never considered being an agent before, but through talking with so many motivated sellers willing to sell for decent discounts (just not a wholesale deal discount), I can see how I'm leaving money on the table by not being able to list and market them myself.I'm willing to bet that I could make more as a seller's agent than as a wholesaler.

The idea is that you pay an upfront option fee (1 to 10% depending on the owners market/motivation/competition) to purchase the house later at a predetermined price while you rent it, usually at slightly higher market rents (& you may be given rent credits for monthly on time payments which will be used for your closing costs at time of purchase).