How to invest in real estate without money
It is no longer a cliche that real estate investing can make you rich! In our society today, real estate is a powerful wealth building tool that has made thousands of investors fall into the category of rich investors
Many people are now clamoring to invest in real estate, but are stock with no money syndrome. The question is Can someone invests in real estate without or little money? And probably get rich with real estate investing?
YES: You can actually build wealth through real estate investing without initial capital, find out how below;
1. Trade by barter
You can pay for real estate by bartering another piece of property or a specialized skill you have. For example, a skilled marketer could offer a real estate developer quality sales in exchange for a down payment. You could offer to swap include car for land, or boats, large appliances, valuable artwork and furniture etc.
2. Bring in a partner.
If you have unique ideas but short on cash, bringing in a partner who will provide the funding and allow you to do the managing might. You just need to write up a contract that establishes who is responsible for what, and how the profits will be divided.
3. Use mortgage payments.
If you are interested in investing in a piece of real estate but you can’t afford the down payment, offer to take over the mortgage payments in exchange for the deed.
4. Use family or friends.
If you have little or no money on hand and you want to make a real estate investment, borrowing money from family and friends is another option. Be sure to write up an official promissory note with payment due dates and stick to your promise.