Meaning light renovations at best.From what I've read, these funds are only looking to produce 6-8%, as they can borrow at ridiculously cheap rates; easy to see why they're bidding prices well away from the average small investor.

Wayne Brooks---I think he mostly bought them from Home Depot, he has been only buying rough material so far. only thing I can think of is the roofing material which he stalled about 2 months ago, I believe the supplier can't lien the property after 30 days from delivery of material to the job site.

I rent for the minimum just to avoid land-lording per se.They get the cheap rent just to maintain the property.

I had two properties that were going vacant at the same timeone was a dead beat tenant that I had to evict after she only paid two months rent.the other was on a house that I basically just put someone in to keep a person in the house to make sure it was occupied and wouldnt be vandalized.I have a dedicated contractor who will do good work for cheap but he was unavailable and i was cash poor. it looked like I may have had to just let the properties sit until I could come up with more money.then I got an idea rent the place as istake off the money I would have paid my contractor to do some of the work and get a handyman or licensed trade skill type guy.

Insurance for vacant land is very cheap as well (last I heard, it was something to the tune of $20 per year, per parcel - depending on how many properties are included under one policy).

I can honestly tell you the houses were junk but cheap!

I'm a college student who goes to UCONN and I want to get started wholesaling real estate in my region.My goals are to first get a job, and once I have some money to work with, use it to start marketing once I find a source of motivated sellers, and to find a real estate attorney I can see for free or cheap about creating legally sound purchase agreement and assignment contracts that work for me.

"Investor Special, Cheap CASH" seems over used, but it worked for me last year...looking for detailed headlines for online ads and full text for bandits signs etc.

For example, there are a lot of multi-family properties in upper Kalihi and lots of cheap condos in lower Kalihi.

Buyers are looking for dirt cheap deals these days.