I spent a couple nights at the local home improvements stores pricing items out, etc.

Also after the meeting I got a chance to talk to several people and one guy know that I'm just starting so he's offering some duplex for sale in colorado for about 50k - 70k with "positive" cash flow.

I did email the management comapany giving them one last chance to correct this or i will take my money back ect.

I get the chance to build a business I could only dream of building on my own.

I had a Realtor out of TN tell me about a loan program where you buy the house in any condition as long as you have a bid from a contractor to repair/improve.

Again, this is a wing-and-a-prayer strategy with almost no chance of success.Mike

If the agreement is for B2 to make improvements and then buy the property in 6 months, in 6 months a sales agreement is prepared between B2 and the Trustee, who signs for the Trust.

Chances are if it made it to the courthouse steps its not a great deal, the competition will be tough, you don't know who you are bidding against (is it the lender trying to drive the price up), and they usually require all cash.Banks can be a good place.

I went through my numbers about a hundred times, went to the local home improvements stores and priced things out...

Ameriquest is known for very quick closings, no appraisal needed and a big name.The reason they close so quickly is there fees are always extremely high, which they do their best not to disclose, they blow up their appraisals so you have a great chance of borrowing more money than your home is actually worth (personal experience with one of my clients), and the rates are higher than every other subprime company.For people with bad credit, find a mortgage broker to shop the best rates for you.