Post by: Andrew Flachner of the Andrew Scott Real Estate Group

As far as using none of your own money or credit, it is possible. Many skeptics shun these phrases because they are used inappropriately to sell the dream of real estate investing for thousands of dollars in book/seminar sales. The key is finding people who believe in your ability to generate a positive return on investment (ROI) to partner with.
If you provide most of the legwork (find the property, negotiate the deal, manage the property) then you can usually arrange to own a percentage of the property, even if you contribute little or no money to the project.
There are MANY laws and regulations you should be aware of when embarking on a joint venture and you should definitely do your research to mitigate your risk
You can begin to search for properties in California here: http://andrewscottgroup.com/search.asp or, if you're looking for commercial property, www.Loopnet.com is a great tool.
Source(s):
www.Loopnet.com, www.AndrewScottGroup.com, www.CanDoCondos.com
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