As a complete newbie I appreciate stories like yours to keep me motivated and inspired.

The lousy pay that got hit hard by taxes is even more motivation to pursue RE.

He isn't very motivated at the moment but I will follow up with him and see if he changes his mind.

So What would the motivation be for me to wait several months and  probably not get the property?

I was considering wholesaling but it just seems like BS without the wholseaer being able to cash out the motivated seller personally.

These are cash-only deals, too small to interest the major players, but the bank owner (or short sale owner) is very motivated to unload it.I'm looking at a 50-unit prospect now that looks to be $10k/unit all-in, with $500/mth average rent (75% of units are 2BR) and tenant paid gas/electric.

I think wholesaling REO's is a pain I rather wholesale motivated seller homes than REO's.For REO's I rather buy and hold or buy,rehab and sell.And I agree with Will wholesaling REO's isn't a strategy I would start out.

Donald Trump - RE Strategies Robert kiyosaki - Tax and legal secrets (check all info read with CPA / Lawyer to ensure its still applicablefor motivation you can read some of Tony Robbins books or watch some videos they're very entertaining.

We attended the real estate and wealth expo in toronto the other weekend, it was quite motivating.

At least if and until they get a job and then they start paying a portion of it (I hate when they get a job).Now one perk to the program is that if you do have to evict them for non-pay then they can't get back on the program until you release it, so it gives them some motivation to pay you.