They barely know where the buyers and sellers are supposed to sign. 

The fact that the property has been on the market for over 200 days might actually work in your favor, as the seller could be more open to negotiation or creative financing.

What’s the motivation to pay 50% more for a home priced the same, or 100% more for a slightly more expensive home?

KeeganCreative financing deals often come from motivated sellers—people dealing with tax delinquencies, probate, pre-foreclosure, or even landlords burned out from managing rentals.

Selling your house without an agent as a “For Sale by Owner” (FSBO) may be something you’ve considered. But you should know that, in today’s shifting market, more homeowners are deciding that’s just not worth the risk...

@Garrick Goodheart Welcome to BP.It is great to be eager and motivated but what will distinguish you is the ability to persist.

Here’s my take:Start with finding motivated sellers—because without a deal, nothing else matters.But here’s the hack I recommend if you’re just getting going:Partner with a wholesaler who already has a strong buyer list and knows how to close deals.That way, you can focus 100% on getting good at sourcing and locking up deals (which is the most important skill in the business), and lean on your JV partner to dispo the deal and get it to the finish line.Once you’ve closed a few deals this way, you’ll:Have more credibility with buyers.Understand what a good deal looks like.Start building your own buyer list more naturally.To me, wholesaling is like running a two-sided marketplace—you need both inventory (deals) and demand (buyers).

Since the previous contract fell through, the sellers were particularly motivated to move quickly and we were able to use the inspection reports/information from the previous potential buyers to inform our decisions.

You’re in a great position with high W-2 income, and your motivation to invest for cash flow and tax benefits is spot on.Since you’re just getting started, I’d actually encourage you to consider long-term rentals (LTRs) over short-term rentals (STRs) for your first deal (this is coming from my own personal experience in owning STRs).

And like many in that situation, they became motivated sellers.The lease option wasn’t their first choice.