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Becoming a real estate investor often takes a significant amount of your own funds or finding another means of purchasing real estate. When applying for a business loan, there are a several steps and a long application process. Most importantly, you need to pay the money back. Real estate investing can be a lucrative business, but that doesn’t necessarily mean being able to repay a loan quickly. That means having to deal with the burden of monthly payments, possibly for years. So how can you become a real estate investor without a business loan or using your own money?

Real Estate Grants: Free Government Money!

With the promise of free money, you may be skeptical, but don’t disregard this advice right away. Whether you are just starting out and are looking to buy your first home, or you are a seasoned real estate investor, real estate grants issued by the government can help you finance your next purchase or project. Provided by federal, state, and local governments, as well as many private foundations, these funds are available to offer support for individuals ready to start their business. As a result of applying for and receiving grant funds, you could obtain thousands of dollars in free grant money that never has to be paid back.

In the last six months, the government grant money has increased 33 percent to include more eligible categories for use of this funding. For instance, there are government programs that are “Go Green” that are available to update your furnace, insulation, window replacement, and solar energy. There also are available grants for first time home buyers, down payment assistance, home improvements, and rehabilitation of properties in depressed areas.

As an investor, you might be interested in the following grants:

• Restore Real Estate: In an effort to ensure properties are structurally sound, grants may be available to those who want to restore the piece of real estate.
• Help with Purchase Investment Property: Requirements vary by agency, but qualifying for an investment property grant can go a long way in making your dream come true.

Each grant that you apply for has specific functions and purposes. By searching an online grant directory, you can quickly identify the grant programs that are currently providing funding and see how much you qualify to receive. Each program has different eligibility requirements, and all of the details on how to submit an application correctly is provided with your access to the grant database.

When filling out an application, be sure to fill it out accurately and don’t forget any necessary fields. Before applying, also be sure that the grant will meet your specific needs. There may be a waiting period while the program decides if you qualify and how much money you can receive. Keep in mind that you can apply for more than one grant to increase the odds of receiving money.

The first step is to review the database to identify those programs, and then submit your application to see how much you can obtain. The funds that are awarded to approved applicants are provided tax-free and interest-free with no repayment terms. Access an up-to-date grant directory to see what funds are currently available for individuals. Grants can often be used for:

• Home Improvements: Money that is provided can be used for repairs and to help with material costs. By granting money, this helps to increase local real estate tax.
• Investor Grants: An investor looking to build low-income housing or senior housing projects can be granted money. Investors who want to renovate a home so that it is environmentally safe can be granted money as well.
• Mortgage Grants: Homeowners who are facing foreclosure can be granted money that is given them through a non-profit organization.

This Directory has an up to date list of available grants and also a Free Do It Yourself Government Grant Guide. Click HERE to access the directory.

Whatever your interest is, real estate investing can be an incredibly beneficial industry, from giving back to your community to helping provide improved homes to families. Purchasing and improving real estate can be costly, but there are methods of receiving money that will help start or further your business. The most important thing is that the money provided by these grants is free. There are no obligations to repay the grant, pay interest, or any taxes on the money. When the money is used to improve the community, everyone wins. As a real estate investing mentor, I want to share with you the knowledge and experience I have gained throughout the years so that you can succeed in your business.
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