HOW TO MAKE MONEY IN REAL ESTATE WITHOUT MONEY
A lot of people are asking a question of how to make money in real estate without having money to start. This question has posed a lot of arguments and some believe that the industry is for the rich and there is no way to make money without having substantial capital. While there is an iota of truth in this statement, it’s however, crucial to point out that real estate business can be done with zero money! Yes, zero money!!! And it’s not only meant for the rich but also for people that want to be rich.
This article aims at sharing ideas on how to make money in real estate from scratch with zero or little capital as the case may be. It justifies the fact that you can start from any platform; you don’t need a warehouse loaded with money before getting into real estate or finding a deal. This can be a shocking revelation but you will eventually agree after reading through.
The following ways to make money in real estate include:
- Finding a good deal
Finding a good deal is very critical. This means that you move around to look for property that is worth investing in. You don’t need to have money before sourcing for deals. To get a good deal, you must consider the commercial activities in that geographical area, the people’s lifestyle, the income capacity of the people and the influx of immigrants in that area. Once all these factors are visible, then you are on the right path to making money in the industry.
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2. Find those who have the money
Now that a good deal has been found and there is no money to finance it, the next step to take is to find people who have the money; using Others People Money. Focusing on those who can help finance the deal is the key to closing your deal completely. These people could be in your contact list as your family members, relatives, and friends. Remember that your contact is your contract.
3. Give an offer
To get these people to buy into your idea of investing in your deal, you must give them an irresistible, mouth-watering, jaw-dropping offer that they can’t reject. That is, an offer a prospect found interesting and advantageous. For instance, offering a 50% Return on Investment in 6 months with proof of evidence is an offer people cannot resist because everyone wants to make more money.
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4. Turn everything around you into an asset
Everything you have is an asset and until you recognize that fact, you see them as a liability. You must see your social media page(s), gadgets, cars, words, time, information and every other thing as an asset. As you see everything as an asset around you, your mind begins to open to opportunities. Use all these assets as a medium to market and pitch your product. You may not have money, but you have contacts and information around you; they are assets.
5. Get professionals involved
By getting professionals involved, you can get started in real estate without losing money. Once you have a good deal, start from there. Assuming your deal is #50million naira and you have gotten #35million naira from investors, get the advice of a professional to help you get started. They will guide you on how to maximize your money and the strategies to use in order to get outstanding results in the real estate business.
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