my friend doesn't have any money either, its just that he is willing to take the risk & the big reward on the rehabing side of the dealme i don't want to take the risk on the rehab side of it (especially on this property), i just want to get the property under contract to flip it to him for say 5-to-10 thousandnow the property i believe is'nt owned by a bank, its owned by some corporation which i'm having a hard time finding info on them and how they come to own this particular property, and why their willing to sell this property this cheap and etc (actually after some more digging i think the company is a lawyers office or something, because that is whats coming up as the owners of this property, so i don't know if it really is a bank behind this deal but their using this law firm to dispose of it for them or what)now i couldn't find the name of this corporation, but the address i got off the tax assessors record, i researched it and the building is nothing but a bunch of law firms and etcits just that all the stuff i've read on wholesaling nothing really stated anything about having to come up with that much money just to get a contract on a property and etc. i know what earnest money is but most of the stories i here is people using between 10-100 dollars or so just to tie a property up..............now is mine higher because of the real estate agents lack of trust or something

The Federal Government has restricted a lot of land sales by the BLM by creating disposal boundaries and builders cannot find the large tracts for master planned communities.

You said that you were going to 2 banks and opening secured accounts so you must have some cash at your disposal.

I want to get it and sell it for a quick profit..but my scores are too low, my disposable money is tied up, and i time is getting short before the contractor finds another buyer.

I expect to rent this place for 4-5 years and re-evaluate.My question is: Should I add a disposal and dishwasher during the rehab?

Now that the RE market is going down, I am hoping to make a solid investment now that I can be proud of 10 years later when I may decide to settle down with option to dispose it quickly if I decided to move to some other part of the country.

Even there I am not sure any bank can influence how other banks dispose of their REOs.

Of course the higher price market does not expect to wait a few days for you to get around to a garbage disposal or dishewasher.BTW, in this foreclosure market you may start seeing more folks moving "down" (in their minds) to rentals.

.+200 PROBABLY if I had to tearout and dispose the old.+300 Add celing without tearout or material just lay drywall+150 tearout ceiling too and all the above are electedtotal drywall labor $1650 MINIMUM Materials not includedElectrical-$300-$500 running just new wire to a new breaker in the box, 3 outlets no ceiling lite and the dryall is OUT.

Presumably never collected.Currently, in Honolulu, when the eviction has FINALLY run it's course, and it's time to take possession, the sheriff walks in, looks around, declares it "junk", and the landlord changes the locks and disposes of the junk however he sees fit.