Updated almost 9 years ago on . Most recent reply
Creative financing for flips?
I read somewhere that people can put together elaborate real estate deals with investors or regular people with money to spend in order to purchase the property and finance the renovation. But the catch is the money that is used, cost money and the person usually gets their money back plus additional money for the hassle. I heard the renovator actually give points, or equity, or even a percentage of the profit from the sale of the house. Is this true? If so, I'm trying to make some money! I have a Home Depot CC. I am willing to allow a person to use it for like a percentage of the profit from the sale of the house and if they pay off the balance of what they use. Trying to find more info about this strategy!! I feel like this is my way of creating income so that I can get into commercial apartment buildings. Can someone help?