I am sort of new yet so don't take my word for this do the research, but are you looking to have residual income or are you willing to make a profit in a year or two?

I was thinking I could rent them the entire premises on a NNN lease for, say, $170K pa, and they sub-let, repair, pay property taxes etc, and keep any profits they're able to make.

If someone could get in on one of these deals with me, I will do all the work on the place and give the lucky investor ~50% of the profit off the place once sold.

I recently lost a great deal with a potential profit on a quick flip of 30K.

I got half of the profit. $47,000 split 50-50 is $23,500 ok so the investor made $500 a day The beauty of this is that the investor/student gets an education while making money.

You need someone that will take an interest in the LONG TERM maintenance picture.EVERY contractor builds in overhead and profit that is money right out of the investor's pocket.

What financial independence says is that your are a sophisticated enough investor to take on larger and more profitable projects that are beyond the scope of the financially dependent.The key is that these new projects are within your control to choose now.Tim

The only difference with having a R.E. company and not having one is you'll have to pay an agent commision, which may cut into your profit.

Rosen, Either can be very profitable, but you must be willing to do your homework and be interested in what you chose.

You split the profit based on the agreed upon split.