Posted by chris on April 24, 2000 at 17:19:21:
Motivated seller does not by default mean the property is in a war zone. The property can be a high end property in a nice neighborhood with no problems. The seller may have run into problems such as his high paying corporate executive job is being transferred and he cannot pay this mortgage and the mortgage on his new residence or maybe he is being downsized. Realtors are not interested because there is no equity to pay their commission because Mr. Seller over leveraged the property to play the stock market. The seller needs a solution and he does not know what to do. The Real Estate Professionals (Realtors) haven’t given him much hope. Here comes The Rock-the light at the end of this Motivated seller’s tunnel.
The investor is also referencing everything to throwing his money into the deal. Start computing the returns when you are making money on other people’s money.