For those who see opportunities, money is never a barrier and for those who don’t, everything is complex. Real estate business in India is not completely based on how much capital you can shell out, since there are investors who once had no funds to play with, and still rule the market today. If you manage to have enough cash to fulfill the down-payment requirement, you are good to enter the Indian property business like a boss.
Opt for finance
Opting for finance by a well known lender is the only one choice that is always open for those who desire to invest in real estate, but don’t have enough cash to execute the plan. However, one must know their financial limit to avoid any problem at the time of repayment.
Find yourself a lender who offers a low interest rate and accepts mortgage as a down payment to start with. This will allow you to still make profits on your investment, by purchasing a property reasonably priced. If you are not willing to go in a banking way, there are other options such as borrowing money from your business partners, co-workers, family members or friends. This way you don’t have to pay any interests, rather you can split a fraction of profit with the one who lends you the money. In any case, one should make sure to sign a contract detailing all the repayment terms and under what conditions it might change.
Team up with someone interested
A successful business is a combination of sufficient capital and clear concept about the industry. A person may not have both, but that doesn’t mean he can’t trade. Your intellect and someone else’s cash can bring in profits for both of you. Find a partner who can invest in your venture and allow you to tackle the dealings. Persuading someone is not so easy; you need to instill that confidence in him. Make him believe how well you can manage the assets and how this relation would profit him in the near future. Be honest with him at all steps and very clear with your intentions.
Check out seller’s urgency
Many a times, most sellers are desperate to sell of their property as quickly as possible, and this is what you can take advantage of. To make things easier for the buyers, the property seller may be willing to make the down payment on your behalf or instead opt for demanding monthly payments rather than deposits.