Posted by Brian - California on March 30, 1999 at 22:37:19:
One of the ways I’ve heard of doing this is to create your own mortgage to cover the purchase and fix-up costs and sell the mortgage to a mortgage broker. Once you have sold the house, you will be able to use the proceeds of the sale to pay off the mortgage and keep a profit off the top.
However, I’ve never actually done this. There is, though, an excellent article on this web site, under the how-to section, written by J.P. Vaughan which describes this exact process in more detail.