Do you want to invest in real estate but you don’t have cash? If you’re thinking how you can compete in Palm Beach County without cash then you’ve come to the right place. We’ll tell you the 3 pro secrets that you can use to invest in real estate without cash! Read on to find more…
If you want to break free from all frustrations that Wall Street investments cause, then real estate investing is just for you. Quit the rat race today and start on with your financial security today.
A lot of people think that they can only invest in real estate with the capital they have access too. well this isn’t the case. You don’t run out of options if you don’t have cash when investing in real estate. Here are the 3 secrets that you should know when investing in Palm Beach County without cash.
Strategy #1: Seller Financing
Mostly people think about buying a house right from the seller and handing over the cash to the seller to receive the keys. However this isn’t the only way you can buy a house. Investors can work out financing terms with the seller. Just like getting a mortgage but without involving the bank.
You will get the keys and the payment can be made over time with monthly installments. Sellers actually prefer this method because it gives them a regular income. Just ask the seller when you think about purchasing a house because not everyone knows about this particular option.
Strategy #2: Barter
This is a very unusual strategy but this too will definitely work. Yes, you can barter! Let’s take an example of a seller who wants to sell his home and downsize because of retirement. You’re interested in the property but can’t afford it at the moment. Well you don’t have to pay them right away; perhaps there’s an option you haven’t explored. Maybe you can turn them towards getting a place in the apartment building you already own and allow them to move in so that the amount of rent gets deducted over time as the price of the house.
At another instance, where you have some money but not enough to purchase the property you can help the owner move and fix up the property as a barter. You can always talk to the seller to know the options they’re offering.
Strategy #3: You Can Partner With Others
Have you heard about the concept Other People’s Money (OPM)? Well here’s how it works: you find the property you want to purchase and then look for someone who wants to invest. Then you become the middleman and help them get the deal done and work the terms in such a way that you’re benefitted too. For example, the investor can own the property but you can split the rental income in half.
Using the above mentioned three strategies, you can easily invest without cash in Palm Beach County. Its easier and even more common than you think!
Are you looking for an investment property to acquire? Do you need some ideas and suggestions about how to compete without cash in Palm Beach County? If yes, then click here and enter your information or call us at (561) 370-8335.