Wheres the money to buy a home, fix up a home, or invest in real estate?
Money for real estate is in 4 basic places– local and county governments, state government, federal government, and non-profit organizations. Each of them is also likely to have money for investors. However, non-profit organizations and the local and state sources are more likely to have money for the first-time homebuyer or for someone who has not owned a home in the last few years. Fix up money is also available at these sources. Be sure you search for all your local programs. These may be difficult to find because they may be located in local housing authorities, local governments, or non-profit organizations. The kinds of programs available vary. Some offer grants for down payments and closing costs, others offer low interest loans, 0% interest loans, or loans you don’t have to pay back as long as you agree to live there for a certain number of years. I’ve also seen housing money for people with bad credit. Some areas offer free courses on how to successfully purchase a home and o
