Flipping 100k to 1M...without Interest

[Faraad Mohamed]

Hey BP Fam! I have an interesting question that I'd like to get your feedback on... 

Hypothetically speaking, say you had $100k to invest in real estate. What would be the fastest way to flip that $100k into $1 Million? Here's the kicker...your religious beliefs do not allow you to dabble in interest. And before you say it, no...changing religions is not an option lol.

Thoughts?

[Omar Khan]

@Faraad Mohamed You can go through "Islamic" banks but most of their lending is going to be a joke because (A) they source their capital from (mostly) the same sources as other financial intermediaries , (B) calling interest a profit or service fee does not change the underlying substance of the transaction and (C) servicing/interest substitute fees are egregious which often make financing not attractive through these institutions. 

Please verify this independently but I did read (a long time ago) that ICNA came out with a ruling allowing interest if it's below 30-40% (again, not sure about the exact #s) of the entire capitalization.

I wouldn't dabble in real estate if you want to scale up quickly without leverage. Other dependable businesses might be better long-term solution or you can always partner with more equity partners to help you scale up quickly in you real estate endeavors.