I refuse to pay a dime to these hucksters!

Sure, you can get started without a dime in your pocket by birddogging (finding deals for other investors for a fee or cut of the profit), wholesaling (getting property under contract and turning it over to somebody else), master leasing, purchasing "subject to", and a myriad of other techniques, but I'm afraid you'll find everybody else and their brother is doing the same thing creating a mountain of competition.

He hasn't paid a dime for six months and he's broke?

Veronica, be aware that when you consider buying any junior mortgages or liens that the first mortgage note principal balance, accrued interest and all other sums due for it would have to be paid from the foreclosure proceeds upon confirmation by the judge before the second lienholder gets the first dime, and so forth for thirds, etc.

Best was a bag of Mercury dimes.

What they don't realize is that the cost of success in this business is hard work, and that doesn't change no matter how much you pay a guru.I have nothing against paying a guru or going to high-priced seminars, but I would doubt the success rate going this route is going to be much (if at all) higher than studying on your own and then making a go of it.Personally, I spent a year studying, then did a dozen successful flips in the next year, without spending a dime on seminars, gurus, or high-priced "mentors".

Don't give this guy a frickin dime !!!

I need to get a new car because my old one is nickle and diming me and the repairs cost more than the value of the car.

Residential contractors are a dime a dozen which goes to my initial post, find one who is hungry enough to take the work.

You tell him what to do to infill the lots, and he is out of pocket the money needed to get the homes in there, and you collect a 10% management fee for your time and effort to turnaround the Park, and also agree with a bonus structure as Ed Emmons suggested.Once you have the Park full it will be well worth over the value of the Option and you can decide whether you want to sell the option for a profit or exercise it and take over the Park.Options can be tricky and many option purchasers want to have the title in escrow so that the Seller can't back out later when you want to exercise it.I would not spend a dime of your money on capital improvements or homes when you don't own the Park.