Yes of course there is. It is done every day and if you wish to learn the method. I suggest you merely visit your closest Real Estate Brokerage Office and watch the salesman work. They do not use capital, most of them do not have any and besides they are there to give an agency service. They contribute knowledge, skill, er damned I just cannot think of anything else.
Having studied the Real Estate Brokerage operation you are now ready to venture forth and your first target is a nice house in foreclosure. The owner is sliding down to oblivion. You take his deed and you promised him say $2,000 to leave. You also need to bring current the first mortgage and that say is another $6,000. You then pick up the phone and your call your friendly Investor who wants deals. You bargain with him for a share in the profit and then you start to run. You bring current the mortgage, you give the nice man his $2,000. You may of course after title checking record the Deed in either the Investors name or in your name if your relationship is correct. You bring the mortgage current curing the foreclosure. You then offer the property for sale or Lease Option or whatever. When that is done, you return capital to the investor and keep your share.
I had a rule a thousand years ago. All income was divided into thirds. One third I saved that was my capital account. One third was available to booze, broads, and rent. The other third was to reinvest in paper, interest producing mortgages. Land, Lots, Houses, Condo's, Multi units. Commercial store fronts generaly abandoned and not at function. I was of course copying a method of money control dating back to ancient times in China. It works.
Yes of course there is. It is done every day and if you wish to learn the method. I suggest you merely visit your closest Real Estate Brokerage Office and watch the salesman work. They do not use capital, most of them do not have any and besides they are there to give an agency service. They contribute knowledge, skill, er damned I just cannot think of anything else.
Having studied the Real Estate Brokerage operation you are now ready to venture forth and your first target is a nice house in foreclosure. The owner is sliding down to oblivion. You take his deed and you promised him say $2,000 to leave. You also need to bring current the first mortgage and that say is another $6,000. You then pick up the phone and your call your friendly Investor who wants deals. You bargain with him for a share in the profit and then you start to run. You bring current the mortgage, you give the nice man his $2,000. You may of course after title checking record the Deed in either the Investors name or in your name if your relationship is correct. You bring the mortgage current curing the foreclosure. You then offer the property for sale or Lease Option or whatever. When that is done, you return capital to the investor and keep your share.
I had a rule a thousand years ago. All income was divided into thirds. One third I saved that was my capital account. One third was available to booze, broads, and rent. The other third was to reinvest in paper, interest producing mortgages. Land, Lots, Houses, Condo's, Multi units. Commercial store fronts generaly abandoned and not at function. I was of course copying a method of money control dating back to ancient times in China. It works.
Lucius 8-) 8-)