OfflineJust bought a wonderful property for 10k. We are managing the entire asset from fixinng it up to putting a great renter in the home. I didn't use a dime of my own money. We found a buyer and they closed on the deal. We made a 5k finders fee plus setup fee and we are keeping 50% of the ownership of the property. We will manage it but we will recieve 50% of the net income and when we sell it down the road we will get 50% of the net sale. It's a great deal for all involved. The opportunities are endless!
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Montanaman, that is using your creative juices. Hearing of deals such as these are amazing. I'm glad you put this post on so others can see and get excited to put something like this together.
So how much do you plan to make on this deal?
Thanks
Mikessler
I always say Keep Moving Forward! Never Give Up On Your Dreams!
As Matt Larsen says "Feed the Need" - Edge 2013
Follow my daily investing journal and read about the deals I've done and am working on at:
http://www.deangraziosi.com/real-estate-forums/investing-journals/117493...
I always like hearing of others success. It keeps me motivated to make it happen too. Keep up the great work!
Rick Merritt
Trident Realty, LLC
Weak is he who permits his thoughts to control his actions; Strong is he who forces his actions to control his thoughts. --Og Mandino
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Awesome,
I am always looking for thing like that and I am so glad to know that there are people out there doing it. That is exactly what I need to push me to do it.
Thank you
Deimen
Deimen Lihpai
Good for you!! keep up with all the excitement, great news
Be happy and go healthy ^_^
Ling and/or Dustin