10% Down Requirement Foreclosure On Oahu!!
How can I bid on a foreclosure in Oahu court with no money down?? They require 10%. I want to flip properties to prospective investors, but not sure what to do or where to start. I ordered John Lockes book on Subject to...waiting for its arrival. Any ideas?? 
You can not bid on a foreclosure if you don't have any money to put down. When you go to a foreclosure auction at the courthouse on Punchbowl St. (Oahu) you will be required to show proof that you have 10% of your maximum bid(cashier's check, money order or cash).
On a Non-Judicial foreclosure you will usually be required to show and have 100% of your max. bid.
SO, what do you need to do? Negotiate a deal with owner before the auction. Then, flip the deal to another investor who has deeper pockets.
Other things to do: join the local investor's club. Meeting dates and times are on their website www.hirei.org :-x