I would then suggest you pull out a mortgage against it putting your cash back in your pocket and then repeat the process until you have gained the desired cash flow.

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Excepted in a few pockets, population in this state has been declining for decades almost everywhere.

Isn't it generally true that the less I have to put in the deal out of my own pocket, the better my returns will be?

Yes anyone can do a deal with OPM and no $ out of his/her pocket, but if you plan on establishing a full-time landlord business like Mike does, you will have to have capital not only for acquisitions, but for maintenance, misc. capital expenses, etc.Now if your plan is to simply buy and hold one or two or even 5 properties and continue your 9-5, then perhaps your no money strategy could be used with partners, etc.

Hi There and Welcome to the Bigger Pockets forum.Yeah me too, I love RE investing also.

If you can assign the contract to another investor without doing any work to the house then it will put a few bucks into your pocket, but if you're going to rehab you might as well go to the effort of doing it right.

I am on bigger pockets to network and meet new clients.

Any ideas from anyone how I can finance this without putting any more cash out of pocket into this deal.

I don't want to criticize anyone's hometown but your best option may be to get out of Williamsport. 30% ownership rate sounds like it may be 1/2 the national average, which implies (at least to me) that the economic conditions may not be great there.My best bet is to accumulate some cash, even if you get the ppty with little or no out of pocket (which is not as likely or easy in real life as shown on late nite informercials), it still takes cash to repair and operate ppty.Good luckall cash