PAY YOUR BILLS
START A BUSINESS
FREE MONEY SEARCH
FREE MONEY NEWS
I am from Alabama and would like to open a business as a real estate investor and am looking for government money to assist me.
Add to Favorites
Real estate has certainly been a wonderful investment in the last few years, and in the long term it still has to be a good opportunity. It is also great that you are deciding that you want to learn something new and invest in your own future. I believe that your entire life should be spent investing in your future or someone else's future if you are no longer concerned with your own.
I am not sure if your real estate business is going to start with a home for you to also live in. If this is the case, you show be aware of your local housing counseling center. All centers are different, but most provide training for homebuyers and they should also know about some programs available that provide down payment and closing costs assistance. To find your local housing counseling office, read the following description and contact the office mentioned at the end. Call them up and ask them where you should go.
Your local housing counseling center is a non-profit organization that gets paid by the U.S. Department of Housing and Urban Development to help you find the money and help to purchase a home or to KEEP YOUR CURRENT HOME. They may not know every program available, but they are a very good place to check into. To find offices near you, contact the U.S. Department of Housing and Urban Development Housing Counseling Center Locator at 800-569-4287 http://www.hud.gov/offices/hsg/sfh/hcc/hcc_home.cfm
Although I am not a professional real estate investor, I feel that there are two things you have to know about the business: finding the right property and finding the best possible money to purchase it. I can't help you a lot with finding the right property, because every case has different criteria. But you should concentrate on finding something that is of good value and has a decent likelihood of appreciating in value.
I don't think you actually need money to finance your business because the business is just your time, but you do need help in financing the properties that will be part of your business. And for this I can really help. Money For Real Estate
In any city in the U.S. there are likely to be over 200 subsidized programs from government offices or non-profit organizations. There are federal and state programs you can apply to Alabama and national non-profit programs that may be useful. For federal programs look at the Catalogue of Domestic Assistance at www.cfda.gov You can search by keyword. The Catalogue is a listing of the federal government's money programs. In addition look at the U.S. Department of Housing and Urban development's website at www.hud.gov and the U.S. Department of Agriculture's site at www.rurdev.usda.gov/al For your state you can search at http://www.ahfa.com/ You should also look into any local city and county programs that might be available in your area. You can do this by contacting the office of the mayor, city manager, county executive or any other big cheese's office and just tell them you are looking for a listing of all their housing programs. You can also find them by contacting www.govengine.com.
Programs that are available from local governments and local non-profit organizations will take a little work on your part. The best place to start is by contacting your mayor's office and your local county government's office looking for real estate programs and you should also contact your local public library. Every public library has reference librarians that can help you search for these local sources. If you want to search the web for them a good starting place is www.govengine.com. All local governments are identified here. Just click on to your state and when you get to the state page look for a listing of cities.
You now have access to the best information available on what housing programs are available in your area. How much you get from these programs is a function of how much work you put into researching these programs.
You are probably tired just from reading this, and you haven't even started any of the real work yet. That's the problem with life nowadays. It's a lot bigger and complicated than it used to be. When I grew up in the 50s there used to be just one place to turn to for help, and that one person seemed to know it all. Now times have changed. No one person knows everything anymore. Life's become so complex. Even I, who has been studying money programs for over 25 years, and am likely to be the best one in the country at it, still don't feel like I know it all.
You can't trust a "no" answer anymore. No, just means that they don't know anything. It seems that success in this world goes to those who don't take no for an answer and find a way to solve the problem no matter what the experts say. The experts are wrong too many times to trust them completely.
It's fun to continue to learn new sources of help and new skills for finding money. I always believe that the sources you identify this time and don't use will be of value to you some time in the future, but you just don't know it yet.
I hope our sources give you some help. Hang in there; it's a big world and there are lots of sources waiting to help you, but they won't come looking for you, you have to go looking for them.
Matthew LeskoEntrepreneur and Best Selling AuthorInformation USA, Incwww.lesko.com