In today’s video Samuel breaks down the many ways that potential investors can save money on a house without having to use a down payment.
There are many ways in which you are able to buy property, for many people buying a property without any down payment is virtually impossible. Follow these steps by Samuel it will soon make the impossible possible.
These type of strategies still will allow you to reap the benefits of investing such as receiving a passive income, a great ROI and potential capital appreciation.
Just like a car purchase you can buy a house and pay for it later. You can also borrow the necessary funds and purchase the property that way.
You can JV with a potential investor. Sometimes there are investors who have all the money but not the knowledge to invest wisely. This brings forth an opportunity for some who’s property knowledge is exceptionally but don’t have the funds to invest.
One of the best and most used strategies is a joint venture. This over time has proved to be the most successful for potential investors. Throughout property you will encounter similar problems that this strategy has elevated many times.
You will come across the investor who has all the money in the world but doesn’t have the time or expertise to invest wisely. Then you will have the investor who doesn’t have the funds but has all knowledge and is able to source properties to the highest level.
Just remember when getting into JV’s with people make sure that you have a contract drawn up by a solicitor to make sure all the splits are equal. A good JV deal will see by parties benefit sharing 50% of profit and capital appreciation.