I was wondering if the forums were a good spot to find buyers.  

Mostly galvanized pipes with some leaky spots.

On Saturday night, while most of the citizens of Seoul were busy drinking and dancing the night away, I happened to be talking to a 4th year university student, Drummond, from the Ukraine who was visiting Korea as part of his studies abroad.We stood on the rooftop of the Southside Parlor, a southern-themed bar in one of the hottest nightlife spots in Seoul, exchanging information about real estate opportunities in Europe, America and Korea.This was the site of a Happy Hour Meetup hosted by the Seoul Real Estate Investing Meetup, a group I help organize.In another corner of the rooftop, @John Kantola ), there's a good chance our property has already appreciated 40% based on comps.* I was able to help with the underwriting process of a $6m condo deal by showing a little hustle and proactively volunteering my services* I've become partnered with MHP investors, again by being proactive and helping first to give value in an area I know - building systems. * I've met a ton of really good people through BP and through our meetup, including a fund manager that helped buy $2 billion in distressed Korean real estate during the IMP Crisis of 1997.

In part because it is now a gorgeous home, and in part because the neighborhood is changing that much with new $400-500k homes going in all around us and similar row homes being flipped and sold for $200-$300k.So... using less than $20k out of our own pockets, we did theoretically already make over $100k in around 6 months time.

@Chris HodgeSadly you are in a tough spot. 

hi sawyer. you are in a tough spot with the little money down. deals are out there, but with that little down, the deals will be few. let me give you a couple of ideas. first, lets state that the saying " it takes money to make money" is very true. you need money. if you don't have much cash yourself, then you need to use OPM, other peoples money. this usually requires a bank and a loan. take that $500 and put it into an account. after a month, go to that bank and ask for a $500 loan, and use the account as collateral. take the borrowed $500 and start an account with another bank. repeat the process as often as you can. at some point, use the last $500 to pay off the first $500 loan, and repeat that process. the reason being is because you are establishing good credit with several banks. pretty soon, you will be able to borrow money from these banks in larger amounts and with no collateral, thus resulting in using other peoples money. 2nd idea: a few years ago, the feds put a limit on the number of foreclosed houses banks could put back out onto the market. they did this because the flood of foreclosed houses was killing the housing market. so the bank was left with a lot of houses they literally could not put back on the market. so, they had to decide if the cost of being forced to hold onto some of the houses for an indefinite period of time was worth it or not. the ones that were not worth it, they just "dropped" off their books. they do this by just filing a " release of lien" or a " release of mortgage" with the county register of deeds. this does 2 things. one, the bank no longer has any claim to the house, and therefore, no liability either. and it also puts the ownership of that house back into the hands of the previous owner. most of these owners do not know this happened because the letter the bank sends out to them goes to the last known address the bank has for them, which is often the house that was foreclosed on, and the owner no longer lives there. you have to find the owner and by the house from them. most often, they do not want it anymore. you may be able to get these places for your $500. beware, quite often these houses have years of back taxes owed on them so do your research. ask the tax authority if you can make a payment agreement with them on the house BEFORE you buy it from the owner. use the back taxes issue as a ploy to get the owner to sell the house to you cheap. this takes time to find a house like this. i have been doing real estate investing for many years now and i have only bought 2 houses this way, but its worth the shot. i bought one like this for $2000 on a tuesday and sold it on thursday for $10,000. good luck to you.

It is the number one spot in the country for growth.

This is not to say they won't find another lender for that deal, but they don't put us on the spot.

@Tanner KrauthWelcome to BP.James Wise's advice is spot on.

I've seen this-- and Nick Britton is pretty much spot-on.