Can I flip a house without purchasing the home?

[Ron Hever]

I am new to this but have always been interested in flipping homes and eventually building and selling. I love the creativity involved in rehabbing a home but I have limited funds. My idea is to create a sort of partnership with homeowner. I would invest money into rehabbing their home and then the house would be put on the market for sale. The homeowner would realize a larger profit than they would originally have since the home was fixed up and I would take my share plus the amount that I put into rehabbing the home. I understand that they would have to agree to sell the house of course. 

My question is, is this something that is possible? Any legal issues to consider? Has anyone done or been involved in any situations like this? 

[Aaron Hale]

@Ron HeverIt sounds like wholesaling may be the right option for you right now. Wholesaling, or “flipping paper”, is basically putting a property under contract and reassigning the contract to another buyer.

Your hard work comes in well before any rehab is done. All you need to do is find a property at a steep discount These are probably going to need a lot of TLC to bring up to market but that’s for the flipper to do. You just need to hustle to find the deal.

Wholesaling is how many get their foot in the dddddddddddddoor with REI and begin to build capital. Like anything, there are ways to get in over your head, but this method seems far less sticky a mess than what you've proposed.

Best of luck in whatever strategy you employ!