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Updated over 2 years ago, 04/27/2022

User Stats

118
Posts
35
Votes
Mohammad Haidarasl
  • San Antonio, TX
35
Votes |
118
Posts

Can I still do this?

Mohammad Haidarasl
  • San Antonio, TX
Posted

I was a heavy user of the site about a year and a half ago. I never really secured any deals while I was trying to wholesale. However, I have wondered about something and I'd really like your input. My main interests in RE are in wholesaling and rental properties. I'm less interested in flipping, etc. With that said, I'm not a rich fellow and don't have a huge savings. I'm Muslim; my religion prohibits dealing with interest; either directly or indirectly. I cannot touch interest by a bank, person, etc. Is there still a way to do this or should I just forget about it? My goal in the future is to own several multifamily properties and rent them out to tenants. Considering that I cannot use a loan other than a 0% interest one; which I'm assuming doesn't even exist, is there any way to still accomplish my goal? 

Thanks.

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