1. Motivation, Motivation, Motivation

We've all heard how important location is in real estate investing. How many times have you heard, "It's all about the location? Location, location, location."

Well, I'm here to tell you it's not about location, its about motivation.So say after me, "motivation, motivation, motivation."

No matter your experience level in real estate investing, the fundamentals are the same for all of us. Buy the best available investment property at the most attractive price.

How do great real estate investors find the best deals in town over and over again? I thought you'd never ask.

In order for the savvy pre-foreclosure investor to buy investment property at a deep discount regularly, he or she must look for people who have compelling reasons to sell.What do I mean by having a compelling reason to sell?

These people are almost always forced to sell or they risk losing the house to the bank.

So instead of looking for properties in good locations, why not look to help motivated sellers out of bad situations? Help the seller first, and as a result, you end up with the investment property at a very good price.

What kind of seller situations do experienced income property investors look for?

1. Divorce

Divorce is a fact of life and sadly it affects many of us.This situation causes many homeowners to fall behind on the mortgage payment.A big mistake married couples make (over and over again) is to buy a house based on both incomes. So in order to pay the mortgage, both incomes are needed.Guess what happens when one of those incomes disappears?

2. Unexpected Job Loss

In our economy today, unemployment is a much bigger factor than in years past.So when someone loses their main source of income, everything else is affected.The house is usually the first thing to go. When the money stops flowing in, foreclosure is right around the corner.

3. Extended illness or sickness

It's never good for anybody involved for someone to get sick like this.It's never good when the primary income earner comes down with an extended illness.Cancer and a multitude of other major health problems can hit us at any time or stage in life.If the seller doesn't have disability insurance, he or she cannot pay the bills

Any extra money would quickly be eated up by the medical bills.

4. Job Transfer

Sometimes that great job opportunity comes with a price. For example, Bob lives in Houston and finally gets his big break.The new job requires him to relocate to Atlanta.Bob accepts the new position and moves to Georgia without first selling his house in Houston.

Bob buys a new house in Atlanta - this is a big mistake.The two house house payments end up crushing Bob and this new opportunity suddenly sinks him. Poor Bob.

5. Drug and alcohol abuse

When you're high on drugs or drunk all the time, it's kind of hard to remain productive.When someone let's this sickness in, it's all down hill from there.

When buying investment properties, search out these particular seller situations.When a seller cannot solve their house problem, come to the rescue and offer a good solution.Help others first and you will be rewarded.

Look for these seller situations in your future real estate investing efforts and you will be handsomely rewarded. I promise.