A developing economy like India provides ample opportunity to make money via investment in real estate/property. In this booming business, many people dream of making fortunes but lack the critical element of investing that is money. However, there are many ways by which one can enter into property business and make money without having any money of their own.
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Family, relatives, and friends can be a great help in arranging money for any property investment. The money can be borrowed from them at zero or very less cost compared to the market rates. The risk involved is very minimal if the property in concern for investment is clean and you have a foolproof plan to pay back the amount.
You can borrow money from private money lenders who will be willing to finance your property by charging an interest rate higher than normal market rate. It is expensive than normal banking finance but if you have factored in the financing cost into the project cost, it will give you win-win situation.
Lease deed can be used to purchase the property and the rental can be used to make monthly installments till the time the full payment is made and the ownership deed is transferred.
If the seller of the property is in hurry to sell, you can negotiate with the seller to make higher monthly payments or can agree to make the down payment on your behalf to arrange the loan from the lender.
Partnering with your business friends, associates and rich contacts to generate financing for your financing can be an important method. People with lots of money are always looking for good projects where they can put in money for returns higher than what traditional market will provide.
If you have a good eye for lucrative properties for sale and are able to connect well with the seller and buyer, you can make good money as the middle-man in the deals. You can sign a purchase contract at a certain price and sell the contract to a buyer for a negotiated profit.
Conclusion
Money can never be obstacles if you are aware of the real estate business environment, have good contacts and skills required to negotiate deals.To know more visit us our website www.propknack.com
