I'm not sure of all of the particulars of the case, but the judgement cost him $18k.

Calling all Hawaii Real Estate investors, theorists, and especially experts to answer this big question:Is the Hawaii (particularly Oahu) Real Estate market nothing more than one enormous bubble waiting to pop?

Now, your "buy low, sell high" idea is obviously a popular one, and in my opinion, rehabbing/flipping/short-term-holding is the analogy of that particular strategy.

Couldn't find a plumber or HVAC guy willing to do the work and have to deal with this particular jerk.

Is there a particular model to follow?

Here's an update: I was finally able to speak with the owner of this particular property today.

you can get a PL to do a deal for a first timer, IF you have good credit and put a lot of 'skin in the game'I'm assuming your planning on flipping, remember the lender is the one taking risk, will you do what you say, is the deal as good as you say it is, will there be unanticipated problems (yes, especially on your first rehab, but on most rehabs) etc etc, you have to give them a reason that you won't just walk away if problems come up,,if you have a lot of money in the deal, you would be less likely to walk away, if you have good credit, you don't want that messed up.Don't give up, but find out what a PL would want in a particular deal,,then work to get that cash/experience

It usually depends upon deal particulars, loan amount, ltv, strength of project, strength of borrower, etc.Just my .02

Apparently Fannie Mae has a policy on cash reserves, particularly for us investors, that requires we verify 3-6 months PITI on the investment property and 3-6 months PITI on your primary residence.

He ought to pull the AJ and get familiar with particulars.