How would you like to obtain a grant for investing in real estate? You can, and it may be easier than you may think!
There are several types of grant for investing in real estate. Which ones you choose to apply for depend on the types of properties you are interested in purchasing.
If you are looking to purchase your first single family home, you may qualify for a grant from the federal government, or special financing from HUD (Department of Housing and Urban Development). In addition, many state and local governments have programs that allow you to apply for a grant for investing in real estate, and these may be used for buying your first home.
Another type of grant for investing in real estate is for those who prefer to invest in residential income property. This type of grant, which really isn’t a grant at all, supplements a portion of your tenant’s rent through a voucher system known as HUD’s “Section 8” program. Since the money is paid by the federal government directly into your bank account each month, getting a tenant in this program is just like getting a monthly grant from Uncle Sam!
A third type of grant for investing in real estate is for those who prefer investing in specific kinds of commercial property that meets special or unique needs. For instance, there are federal grants available for the construction of health care facilities and facilities that serve the needs of the handicapped or underprivileged.
Finally, you may be able to qualify for a grant for investing in real estate if you are a woman or a minority. The government has many different grant programs available for people in various groups who want to start or grow a business, and your real estate investing activities may qualify as a business.
To sum up, there are many reasons for the government to financially support the real estate investing efforts of individuals engaged in various types of investing. Your activities may fall within the parameters of some government program, allowing you to qualify for a grant for investing in real estate. It may pay to do a little investigating to find out what programs, if any, you may qualify for.
Now, go make more offers!
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Tom Dunn is a successful real estate investor and author of the popular DealFiles Real Estate Investor Stories free newsletter. You are welcome to share this report, unedited and in it's entirety, with anyone you like. You may not remove this text.© 2006 by Tom Dunn. Website: http://www.dealfiles.com e-mail: tom@dealfiles.com
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