If you get a call/letter back and they seem motivated to sell, have some questions to ask them (there are questionnaires on BP to help) to determine if it may initially be a deal.

Banks are not as motivated as sellers now days, so foreclosures in your area may actually sell for a small discount to a standard sale...too small for an investor to buy with a margin of error.

During a low interest rate environment, individuals were motivated to take on mortgages due to the affordability of debt, and poured into real estate investments across the country; and therefore driving up prices in certain areas.

I'm just about ready to start a campaign marketing for motivated sellers and I would like to set up an automated voice mailing system to collect information from motivated sellers, at some point.

These "back on the market" are some of the best deals because the seller is now highly motivated because so much time has passed.  

Thanks @Andreas W. and @James Mc Ree Thanks @Herman Herrera i'll look into it.Thanks @Jeff Filali i guess i have to buy a few more houses to replace my income for the health insurance. you know most of time you don't need it when you have it(the insurance). you only need it when you don't have it. i don't like seeing the doctor but who knows if my kid fell, sick..etc. you are absolutely right. it just an entrepreneur mindset and motivation that i need to work for my own company and have my own salary, benefit, insurance, 401k etc. i am seeking for freedom to be with my family  more that's why i want to quit.

Greetings Motivated Buyers!

That should give you a general idea on how to start marketing to motivated sellers.Good luck!

I would think your $3,000 would be best invested in sending out mailers or advertising to find motivated sellers and wholesale some deals.

Using the money, you can either reinvest into other properties or just diversify into other asset classes.I recently wrote a BP article about rising interest rates and its influence on the housing market and real estate strategies across the country.