Do you feel as though you want to get into property, but don’t have any money at all? If so then you have come to the right place. This guide will show you what steps you can take to try and get the result you want without having to put your property investment on hold. This guide will help you to get onto the property ladder regardless of what your budget is and to make things even easier, you will be told all of the risks associated with each option so you can make an educated decision. This is a contributed post.
Get your Head in the Game
The first thing you need to do is get your head in the game. Make sure that you are ready to work hard and that you are fully aware of the fact that buying a property is an investment. You have to be ready to work hard and you also need to be resilient where possible. If you can, try and make sure that you are investing and that you are also able to weather the storms in the market. If you don’t feel as though you are ready to handle things like this or if you are concerned about the economy then this may indicate that it is time for you to hold off a little. 
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Take in a Lodger
This is one of the best and cheapest ways for you to invest in property, or kickstart your property business. It can also save you a great deal of money. If your government has a scheme, such as Rent a Room then this means you can earn without having to pay tax. You can rent your room to someone and when you do, you will soon find that you can then put that money away to buy your property. You can also invest in a course that helps you to learn too so you can slowly become used to the needs of your tenants.
Explore any REIT Opportunities
REIT stands for Real Estate Investment Trust. It’s a share collection that allows you to collect property options in your portfolio. This usually gives you some very low-risk income and it also means you can share your rental profit with shareholders too. You can secure this against any long-term company leases. If you haven’t heard of things like this before then you have nothing to worry about, as most of the time you can look into it online. You can also get advice from people who have invested in things like this before, which is a great way for you to get the result you want out of the money you have.
Property Lease
Another option you have would be for you to look into property leasing. Believe it or not, this is a relatively untapped investment and it’s low-cost too. You will have to invest a small payment for the process to become legal but this can be a very small number so you don’t have to worry about that. You will then have to set the length of the agreement so you can cover the costs of everything. Of course, you can then take steps to agree on the price that you would be willing to pay for the property should you want to buy it outright at a later date. When you look at this you will soon find that you can get all of the benefits of a solid rental income but at the same time, you don’t have to worry about the cost of having to pay your mortgage. If you know that the price goes up beyond what you can afford then you will have still gained the equity from it. One thing to know is that properties like this are very hard to find because as a homeowner, you won’t be able to take advantage of a lot of benefits. The solution here is for you to find areas that have a high negative equity. They may not appeal to you for very obvious reasons, as people may want to move because of a divorce or because they have run into problems with the realtor. With that being said, they can be a good option.
If you can, you can then use this income to grow your other investments. Eventually, you may be able to invest in things like apartments, which will help you later on. If you do invest in apartments then there is a high chance that you will have to furnish them to some extent by investing in appliances. You can find stackable washer and dryer sets suitable for apartments online so you can furnish your investment with ease.
Peer-to-Peer Lending
Peer-to-peer lending is another option if you want to get into the property market. It’s where you invest with another person or another company. You can use platforms here if you want to make the whole process easier on yourself and when you do, you can avoid having to go through a bank. If you can look into things like this then you will soon find that it is easier than ever for you to get the result you want. Since the banks are not taking a cut from you, if you can do it right then you will soon see a huge increase in your ROI. What’s more is that you can have a liquid asset which is usually very rare if you have a property. You will also find that the interest rate is higher than the interest rate that you would have when you put all of your cash in the bank. Do remember though that if you want to invest in peer-to-peer lending and you would prefer to go through an individual then this type of loan is unsecured. This means that you will not get your money back if the borrower happens to default. If you want to invest in P2P lending then you will have to do your research but at the end of the day, you will have your investment secured against assets and the property. This is good but you should make sure that the investment is going steady. If you use property P2P lending, which allows developers to do quick projects or even short-term refurbs then this will also be secured against the property.
While this does come with some degree of risk, you do have to remember that the work is being secured against the property. The plus side of this is that you can take advantage of good safety and you can have your investment recovered against the sale if you want. Things like this can work to your advantage so keep that in mind.
Crowdfunding a Property Development
Some property investors choose to go down the crowdfunding route. Crowdfunding is where you have a property inverse pool their money together. Property crowdfunding differs from P2P lending, as you can invest in developments. You may also find that every investor shares the gains from the sale and this can generate a way bigger return. You may also find that the investment is riskier, however, so you will need to weigh up this option if you want to make the most out of your venture. One thing to take note of with crowdfunding is that you can see real long-term results if you simply stick it out. You can invest in different developments and if you do, you will soon find that you can generate higher returns very quickly. The other option you have here is to buy a crowdfunding property. This works in the same way as other buy-to-let strategies, as you will acquire your financial yields over time. You will, of course, have to share them with other investors but this can be a good option if you want to slowly compound your efforts. It also means the risk is shared too, so keep that in mind.
Look into a Joint Venture
The last option you have here would be a joint venture. The one thing you need to know about joint ventures is that they are like crowdfunding options but they are done on a very small scale. You will usually do this on a very small scale. Normally, one will have cash, and the other will bring something that’s not of financial value. This could be access to a growth market or it could be a great strategy for marketing. Things like this are often considered by property investors as they give you the chance to take advantage of the different options on the market and you can also really lean into the idea of becoming a property investor. If you can do this then you will soon find that it is easier for you to get the result you want out of your investment and that you can also do so without having too much financial wealth. If you can do this then you will soon find that you can get a lot out of your money without having to worry about a thing.