How to Get Into Real Estate With No Money

how to invest in real estate with no money

Tips on How to Get Into Real Estate with No Money

Getting into real estate can be a tough gig, no doubt, and will a certain degree of patience, time, and commitment. Additionally, it should be no mystery that of course getting into real estate with funding is needed. However, this doesn’t mean that those without money can’t invest too – or profit off of real estate deals!

In fact, there are at least four different ways to get into Real Estate TODAY even if you don’t have any money – so READ ON to find out how!

1. Firstly, we want to recommend the route of asking a family or close friend to borrow money not just because they’re closest to you, but specifically because this will most likely be the lowest – if any – interest rate involved plan. While this is not always a guaranteed solution for everyone, it is an option for many, so it’s worth considering ‘right off the bat’ before diving head-first into the real estate industry on your own.

2. The next recommendation is attempting to barter for funding, may it be a property as collateral for a down-payment, or an actual full trade of your property for the house you’re interested in. In some cases, a car might be (sold) used as a way to guarantee the homeowner you’re committed to making reasonable payments in the future – typically under the assumption you currently have some form of income.

3. This recommendation is not necessarily as risky, as it is costly. In essence, mind you that this method will be most ideal for “short term loans.” This approach will involve going with a “hard money lender,” which although costly in the interest rate, will still allow you to obtain money to fund your real estate endeavors. Also, keep in mind that with this type of lender “points” will be assessed over time as you both agree on numbers, adding to your costs, so just make an arrangement – get it in writing – that makes the most sense for you.

4. Our last recommendation is both practical and profitable. That is, consider reaching out to someone you’re on good terms with that might share your aspirations for getting into the real estate business. You both can split the profits, and work out an arrangement – perhaps in his or her favor – if they will be responsible for putting the money up before you.

Remember, this can be a coworker too, just try to avoid any sketchy characters or someone you haven’t known for a while and focus on those who you can trust. Try to network locally, and consider attending some local real estate conventions to maximize your efforts!

So you see, getting into real estate without money doesn’t have to equate to an “impossible “mission.” Quite the contrary, with the right level of commitment, motivation, and sincerity you should be on your way to getting into the real estate business in no time!

Best Place to Buy Real Estate in Asia

There are many beautiful, happy, high quality of life, low taxing, and low transaction cost places to invest in real estate throughout Asia.

Experiencing Asian culture is truly like nothing you’ve ever experienced before, but if you’re met people that have immigrated to your home country from any of these beautiful places, then we’re sure you’ll know what we’re talking about in just cultural attitude and personality alone.

Let’s review the Top 5 Best Places to Buy Real Estate in Asia together, and you’ll see for yourself how much more extravagant your lifestyle could be – or the complete opposite should you wish, and just that much more of a “simple” and affordable life. You see, there’s something for everyone throughout the vast countries across Asia, from more peaceful island life, to inner city if you enjoy the company of interacting with people every day and networking.

Of course, there is also desirable rural living and places you MUST see for yourself and consider the benefits of investing in property in such places – so let’s get started!

Best property investment Asia

1. Chiang Mai, Thailand – If you’re looking for a beautiful city, with not too many people, and a slower paced life as opposed to somewhere like Pattaya or Bangkok, then Chiang Mai, Thailand is an excellent place to live. It is a very modern city, with plenty of malls and things to do, yet has a much lower cost of living and still will produce high annual yields on properties that are incredibly low priced.

2. Subic, Philippines – For anyone that’ll enjoy the “island lifestyle” Subic, Philippines is a major tourist attraction, and full of both visitors, as well as a sizable expat community, so you won’t ever feel lonely or “lost.” Best of all, the Philippines is not a place where speaking English will be a problem – but learning a little Tagalog wouldn’t hurt.

Prices are very cheap here for property, land, homes, and apartments. Just keep in mind, certain residency requirements must first be met before purchasing any assets in your name.

3. Singapore – Although a major metropolitan lifestyle unless you are able to find one of few more “rural” homes, Singapore is still an excellent place to invest in real estate, whether you’re looking to live there yourself or rent out space. Singapore is considered to have a ‘mature market’, and has recently experienced a favorable “financial storm,” making it a top choice among other competing Asian countries for investing in real estate.

4. Shanghai, China – Now, we know what you’re thinking: “This place is way too crowded and expensive for my taste!” But, this is where you would be wrong. In fact, China has a huge, growing real estate market and Shanghai continues to experience tremendous growth, and likewise the need for more property renters, as well as tenants alike – so there’s something for everyone here! Making this a top pick among expat investors, we would consider this a “Tier 1” choice!

5. Cambodia – Finally, consider investing in real estate in Cambodia, where the population projections expect up to more than 20 million people before 2030! With a young workforce and growing frontier market, this is an excellent place to invest in real estate, buying, or renting a home.

Cambodia is undoubtedly experiencing exponentially positive market growth since the 1990’s recession and is becoming an economy that’s also less dependent on other nations. Because Cambodia doesn’t jump into all the “global market” hustle and bustle, much like positive growth, if and when there is a market crash across major corporations, Cambodia is the kind of place least likely to be impacted – making this a MUST for foreign real estate investors!

Europe’s Top 10 Places to Invest in Property

Whether you have a pension or simply have saved up money and are looking to invest in a property somewhere in Europe, now is an excellent time to do so!

Europe has many beautiful countries and places to choose from, from a year-round beach or “island life,” to retiring somewhere in the mountains with a pleasant ocean view, the choices are endless.

While sure, plenty of people like to go to places like Italy, to Portugal or even Croatia, there is something for everybody. In fact, many places are quite affordable, at an average of around $1000 US or less per square meter, often on beachfront properties.

Let’s review Europe’s Top 10 Places to Invest in Property, and you’ll see for yourself why so many are flocking year round to rent, own, or even build homes overseas.

Best place to buy property in Europe

1. Paris, France – Of course quite popular with Americans, those hailing from other places across the world, including the Middle East, Asia, and even Russia have found very happy, satisfying lifestyles in Paris. Visitors from America, China, Russia, and Australia also frequent this place, and in many ways, it is indeed a “tourist hotspot.” Investing in a property in Paris is practical, as rental costs are lower, and provides higher yields in comparison to other places.

Paris has recently been coined a “Global political powerhouse.” It should be understood that compared to other places in Europe, moderate-to-high transaction costs do exist – so this is something to keep in mind.

Algarve Portugal real estate

2. Algarve, Portugal – Another favorite among tourists for investing in property and year-round rentals is Algarve, Portugal. This city in Portugal alone is home to over 100,000 expats and remains popular for good reason. Living here will allow you to enjoy year-round sunshine, beautiful views of the Atlantic coastline, and endless miles of sandy beaches, lagoons, and wonderful people. Many foreigners refer to Algarve as their “little piece of paradise.”

Istria Croatia real estate

3. Istria, Croatia – Another popular favorite for foreign investors looking in Europe is Istria, as the original Roman architecture is brilliant – and also offers two different lifestyle options. You can either invest in property on the coast by the sea, or inland where you’ll find endless olive groves, vineyards, and other breathtaking sights like nowhere else.

4. Helsinki, Finland – The Finnish are known for having a clean environment, friendly people, low crime rates and an overall very content culture. Property investors will find that transaction costs here for acquiring property is considerable “low to moderate,” and in comparison to other top global listing to retire, this one has one of the strongest economies. The high rental income tax is something to consider, should you be interested in renting a home or condo, for example.

Regardless, we’re confident you’ll find even a visit to Finland first (as we always recommend) to be a life-changing experience in itself.

5. Prague, Czech Republic – Anyone that’s ever seen or met a Czech woman before – or man – knows how truly beautiful, and elegant of people they are both inside and out. Prague is an extraordinary place to live, full of lively culture, and is considered a very “expat friendly” place to consider investing in a permanent home – even for those only looking to invest in a vacation home, or to sublet.

Prague is an excellent choice and is considered to be a “pro-landlord” rental market. The transaction costs here are also cheap, with Moderate overall yields. Keep in mind. However, “Aliens” or immigrants cannot buy land directly here, but there are plenty of rental options and alternative methods for acquiring property.

6. Sophia, Bulgaria – Bulgaria is a fascinating place, with years’ worth of sight-seeing alone, and a very intriguing cultural scene. Expats frequently visit, as well as acquire property here regularly, and is also a “pro-landlord” rental market. The yields however while not great, and the transaction costs high, rental tax income is considered to be overall “moderate.”
Overall, the quality of life here is excellent, although there are places that have less crime in comparison to other locations on our list.

7. Beara, Peninsula – Feeling a little Irish? Given recent property market trends, outside of central cities, purchasing land or a home is reasonably doable in more of its countryside, and even beach-side locations. Even the locals describe the current housing market prices to be “rock bottom.”

Sandy beaches, mountain ranges for as long as you can see, and the Beara Peninsula albeit a relatively “remote” coastal location, is becoming more and more popular among American and other foreign property investors.

Extra Tip: Consider visiting, researching, and investing in property around Irelands Northwest Coastal region for the best deals.

8. Athens, Greece – What person doesn’t dream of purchasing their dream-home in a mesmerizing culture and location like Greece? The average cost of owning in Athens averages around $2,000 per square meter, but considering the admirable quality of life here, business opportunities, and setting it has been a trending location among foreign investors for years.

9. Apulia, Italy – Want to create your dream home in the heel of the “Italian boot?” This is an excellent way to enjoy the luxuries and beautiful culture, without paying ‘an arm and a leg’ for living somewhere more central in Italy’s capital.

Puglia Italy property

Expats are happy to be able to buy more than accommodating homes for less than $100,000 on average here. Living costs are also low, and the medieval streets and craftsman will give your family a pleasant life, making it also an excellent place to retire.

10. Brussels, Belgium – Brussels is a very bustling place, full of a lively environment, well-mannered people, and also a high rental demand for those interested in sub-letting or flipping properties. Unfortunately, some expats have rated the tenancy length limits are “tiresome,” and overall taxes are considerably moderate to high. But, for the beautiful culture you get here there isn’t quite any way to put a price-tag on that.

Remember, living your dream life abroad and purchasing or renting a home in Europe by no means has to cost you beyond your means. Quite the contrary, given the healthy economies in nearly all of the locations on this list, as well as the strength of the U.S. dollar you’re bound to find the perfect place for you and your family to settle down – or spend your next winter vacation.