It's mildly hilarious that you first claim they don't provide anything, and then complain about the services they provide.
The financial sector provides the service of matching your savings up with people and companies that want to borrow them, and vice versa. Optionally, they also provide the service of advising you about who best to lend to, or doing all the work and just sending you the proceeds (ie, mutual funds, hedge funds, private equity funds).
But if you really want to avoid them, then you could try...
* Peer to peer lending
* Hard money lending
* Angel investing
* Buying real estate and/or rental properties (but don't use mortgages - that's a product of the useless financial sector)
Of course, those tend to require a lot more work, more capital and potentially more risk because you don't have that useless financial services industry to make it easier.
Yes, but the zoning affects the insurability of the property and also whether it qualifies as "conforming" for the purposes of the mortgage. A non-conforming mortgage cannot be easily resold to Fannie/Freddie or securitized, so it's more difficult to get financing on a non-conforming property, which is why I've been wrangling with various lenders for a month. And the insurability questions meant that I got to spend a lot of time on the phone with insurance agents.
The financial sector provides the service of matching your savings up with people and companies that want to borrow them, and vice versa. Optionally, they also provide the service of advising you about who best to lend to, or doing all the work and just sending you the proceeds (ie, mutual funds, hedge funds, private equity funds).
But if you really want to avoid them, then you could try...
* Peer to peer lending
* Hard money lending
* Angel investing
* Buying real estate and/or rental properties (but don't use mortgages - that's a product of the useless financial sector)
Of course, those tend to require a lot more work, more capital and potentially more risk because you don't have that useless financial services industry to make it easier.