HOW TO INVEST IN REAL ESTATE WITH LITTLE MONEY

This article is aimed at a very specific audience: that of people who want to invest in real estate, specifically homes, without much knowledge or great economic possibilities.

We decided to write this post after realizing that there is a wide sector of people who are included in this profile: people with an interest in making money and creating assets through real estate, but who, however, have never done so mainly because they do not have much money. What can be done in such a situation?

Over-indebtedness refers to the financial circumstances in which the individual is unable to meet the payments of a debt. The reasons are diverse, it can be the sudden lack of employment, reduction of monthly income or, to commit to the payment of a debt that goes beyond our total income. Investing in buildings that exceed your budget could also be a cause.

That is why we provide you with a guide on how to invest in real estate with little money without having to run the risk of over-indebtedness.

First and foremost I congratulate you because despite the inconveniences, despite not having everything in your favour, you want to do, you want to start, you want to transform your reality and that of other people in the world of money, investments and real estate. Therefore, congratulations, you have already started, you have already put your intention and your focus in a specific place and you are heading towards it.

If you are wondering how to invest in real estate with little money, without suffering an economic collapse that completely destabilizes you, here are the best tips for investing in real estate.

How To Invest In Real Estate With Little Money

Here are some questions that may be running through your mind right now and we have a direct answer to each one of your questions.

Should I wait until I have all the money to invest in real estate?

Answer: No, the truth.

Why wait when you can start now? Also, do you know the future? Are you sure that you will have all the money you need one day? Are you sure that, having it, you will not spend it on something else or will direct your focus to other types of investments? Are you sure that you will not die sooner? Do you know the turns that life is going to take your life?

Tip: don’t waste time and start with what you have. Results are not achieved by waiting, but by doing.

Must I have something saved?

You need to have something saved or start saving it (saving, in general, is important) because in this article we talk about starting to invest with LITTLE money, not NO MONEY, which means that you have SOME money.

If you have nothing at all, that is, if you are bare like a rat’s tail, if you have zero potatoes, I think that a good sign of humility and common sense would be to ask yourself beforehand what happens with your life.

Investments will come later, they are not a priority, it is more important to live than to invest. It would be good to ask yourself and reflect on why you have absolutely nothing, why you cannot save, why you are not saving, why perhaps you do not even have an income, because you limit yourself to surviving by spending everything you earn on matters of mere survival. If one as of today, had absolutely nothing, I would ask myself these vital questions beforehand and very seriously.

Where do I get the money I need to invest in property?

We have 3 possibilities, and obviously, none is perfect because the perfect thing would be to have all the capital, but if you don’t have it, another good sign of humility and common sense is to recognize reality and act on it. Let’s not complain and continue.

1st. Real Estate Crowdfunding

If you do not have large sums and you do not want to dedicate yourself to looking for / collecting what you lack, a good option is Real Estate Crowdfunding.

Through this strategy, a plurality of people contribute capital (from generally low amounts) to a common fund for the purchase of the real estate, which is acquired with the joint capital of all, and from there the returns are distributed proportionally.

The returns are lower than in the case of doing it alone, but you save having to Work the investment because they give you everything done.

2nd. Find Your Partners

Another possibility is to find partners/friends/travel companions who are in the same situation as you. If the property is worth 60 and you have 20, find two more who have another 20 and you get together. You jointly acquire the property and each of you will be a pro-undivided owner of a proportional part, depending on the capital contributed.

3rd. Financing

We do not support debt but freedom, though there are expectations.

You can go into debt if all these requirements are met:

§  You have a stable monthly income with signs of continuity.

§  The amount of the same allows you to live quietly and dedicate a part to the investment.

§  You do not compromise the assets of other people (your parents do not endorse you, for example).

§  The destination of money is a good one that will produce more money, a goose that lays golden eggs, an asset. That’s the good debt that the author of Rich Dad Poor Dad was talking about.

If the above requirements are met in your person, you can get into debt. It is a form of leverage that, at least in the beginning, you may need. The traditional way to do it would be banking, but you can also resort to alternative forms of financing such as crowdfunding (which in addition to being an investment strategy is a way to obtain capital).

4^th. Land Banking

You can start land banking with reputable companies in Nigeria with just N75000 for a 40% return per annum

References: Norada Real Estate, Fortune Builders, Forbes

For Enquiries Contact Us:

OUR ESTATE LOCATION:

Abuja, Asaba, Enugu, Uyo, Calabar, Port Harcourt, Ibadan, Benin, Warri, Osogbo, Ota, Awka, Owerri, Umuahia, Abakaliki, Epe, lagos, Abeokuta, Ogun and nationwide

SMS, Call or WhatsApp: 07030765952

bikejoseph@gmail.com

https://joenigeria.blogspot.com

For DailyProperty listing In Uyo

For our products and services

For updated landlistings nationwide

For more information about Joe Nigeria

IBOM E-LIBRARY provides the following rentals services: Conference hall for meetings, summits, workshops, seminars etc. We also have office spaces, Board rooms, a CBT centre, academic and Outdoor spaces for rent Location: Along IBB Way Uyo. Contact: 07030765952