I told this story before in reply to a post, but I believe it needs repeated here. I was from the "Big City"... I loved to get-away & camp & hunt & fish...I was basically run over while riding my motorcycle, long to short of it is, I took $12,500 of that money & bought 80 acres w/legal access & some trees from an owner who would have took a down pymnt. & monthly payments of a few hundered on a simple land contract. Now I'm not Mr. RE, but when I came back from camping & showed the video I took of my new property to my city pals....to my amazement, and even though they had no idea what I had payed for it... they were clammering to "Buy some camping Land too!" Well 1 of them had this monster truck,(I mean built to the hilt, 50K invested in it) that he got at a police auction a few yrs. eairlier, he soon decided he'd offer it to me for 1/2 of my 80 acres! Wow! I was floored, I checked w/the County, it would cost me $1,500 to break it up into 2 lots. Of course I did the deal, I still had 40 acres to play on! After another trip up, 1 of my buddies couldn't stand it any longer & offered me $20,000(an offer I took, & gave him great terms too)for my other 40 acres...Amazing, I turned $12,500 into 20K & an awesome truck in less than 6 mo. while not even trying to do so. Anything can happen for sure. Now ....how to use this story, Say you see an ad.... like, lets say,(Think Big now)... 2,000 acres w/nice ranch facilities.....(lets say) for $600,000. Could you, in your wildest-dreams....put together a deal with say 5,6 or maybe 10 (investors/buyers, or other) interesed parties, where "You" control that ranch as maybe a monthly timeshare/Retreat for other's??? with each investor/client getting a entire month w/Family at the ranch every year...for life(& pay a yearly mantaince fee to pay to you of course)w/transfer powers included. Now you just created a service! Say you got 6 buyers each w/100K to drop on their family for a nice retreat like you have! You might even see yourself choosing to live there full time yourself to run the ranch, 6 months of booked time would give you a "Free" place to live in style year-round...& 6 whole months of peace & quiet away from client's needs. Nowwwwww....Could you lock up that property if each buyer only had say...20K or 25K each to invest right now, but be able to make monthly payments to you? So we now have 6 peeps X 20K = $120,000 for a down payment on 600K right, any lender would be nuts to turn a down an offer that big!(however I could be wrong on that) Sure you could, as long as there is disclosure, everybody knows exactaly what they are getting, & all local & state laws are followed....it sure seems like it would work to me. It's takes a lil imagination to see this work like I can do I guess, but I'm just tring to spark your thought process to think differently than most others, find a niche & try to fill it. Now I have yet to try this for myself, I believe I'm closer than ever to giving it a shot now we've decided to get serious about RE. It may be included in 1 of our first 10 deals...who knows!
....R & D Allen