If you yourself have No money to invest , nor the experience for the project. You will never get a dime. Why would anyone in their right mind invest in a rookie project ?? You have to get the 1st one done on your own, or beg for money from a rich relative. Then who is going to do all the work >?? You people kill me. You know how many people like you I have had to rescue over the years.?? I just finished 2 in te past 6 months. Both of whom lost over 10K taking on the project. They didn't get permits the work that they did themselves wasn't to code. I guess you think you'll find what you think is a flippable house, Find some one to finance the entire project, you'll give them a small amount of intrest on the loan and you'll make 80,000.00 watching people work ??
The only prayer you have would be to find a single investor who you can sell yourself to, offer a 50/50 split on the net profit of the home AFTER he gets his intrest on his money.
THIS is true. But when your using Daddy's money or grandma's money it makes it easy to get started. With all the scam-a-lama-ding-dongs that are going around. Why would a stranger trust you with their money ??
