I agree that it is similar to a regular purchase agreement however, if it would have been a regular purchase agreement at the time it was signed, the property would have appraised for the contracted amount.

It offers a similar ROI with respect to the equity partnership without the added risk.

If you use the search function at the top right of the screen, type in insurance and then look the 'newest results' or something similar to that towards the top right of your search results, it should prove very helpful.

I'm from Hawaii too and in the same boat so I need to make a similar decision.

Number 7 on the list of winners spent $99k in total so the dropoff from the top 6 to number 7 was dramatic.So besides sequential Bidder Numbers (except for 11411) and similar large dollar amount invested - why do I think the top six bidders know each other (or are the same entity)?

Pros- relatively easy to comp, generally lots of similar inventory; usually limited rehab requiredCons- higher holding costs; bureaucracy/admin issues with HOAsThis is assuming a flip- if you're thinking buy and hold then that's a whole different ballgame with different pros/cons.

It's been a great 2012 already.1) Closed on the sale of one of our rentals (which was my personal home at one point).2) Closed on a tough duplex deal for a buyer client. 3) Refinanced 2 of our duplexes.4) Had record level blog traffic. 5) Started shopping for our own new home. 6) Kept up with my workout plans.I should mention that #1 and #2 were both difficult for similar reasons that Thomas mentioned.

And there are no recent comps for similar properties.

I'm in a similar boat.A lady in Oregon says her friend (who died) deeded his 12 acres and a mobile home to her via quit claim deed, and that the guy's will is at the courthouse, and she wants fast cash to buy a local rundown hotel to fix it up. 

I'm having a similar issue where the tenant is watching a friends kids during the day, totaling 4 children plus 1 infant in the home during the day.