Investing and buying real estate has become a very popular and growing job market. Lot’s of business owners are beginning to understand how to make money by investing in properties. While this market is growing, it may seem difficult to flourish with little to no money. While this may be the case, it certainly isn’t impossible!
Borrowing Money From a Reputable Lender
If you do not have the money to buy real estate, your best bet is to borrow money. When borrowing money, look into a reputable lender that works well with you! There are lots of lender companies out there, including government-funded programs looking to help small businesses and first-time homeowners. Some companies offer low-interest rates that work well with individuals and companies who do not have the money needed to invest.
Although some lenders have low-interest rates, they also look into credit scores. Be mindful of your own credit score and look for the right lender company that will reward high scores or allows low scores depending on your situation.
Lease that Turns into Option to Buy
This option is usually unheard of. While it is not as common as simply leasing, some owners or properties will lease their building and write up contracts with renters to buy the property at a later date for a fixed sum. This fixed sum allows the leaser and potential buyer to raise up the money while living in the home.
Exchange Your Skills if Possible
This one may sound weird, but it is definitely allowed! Instead of offering money in exchange for a home, you can offer your services! There are lots of trade services needed that owners are always on the lookout for. For example, some skills include; Accounting, contractors, plumbers, HVAC, and more.
A lot of this information was inspired by: https://www.legalzoom.com/articles/purchasing-real-estate-with-no-money-down.