Can I get into real estate without dealing with interest?

[Mohammad Haidarasl]

As I researched more into my faith, I figured out that I cannot deal with interest (am to refrain from it as much as I possibly can). Is there anyway that I can eventually become a real estate investor/ developer without touching interest? Since I'm not far into my major yet, and am barely in the beginning stages, I'm not too sure about whether or not this is possible. Any enlightenment on this topic would be fantastic. Thanks.

[James Reynante]

Hi Mohammad- I recall seeing one technique used by a real estate investor that allowed him to sell a property without charging interest for property he sold. I'll try to explain how it worked below.

He was selling a parcel of vacant land for $8,000 and offered two different purchase options:

Option 1. Seller Financing - He offer to carry the note for the buyer of his vacant land. It required a $2,000 down payment. The remaining $6,000 was to be paid in monthly installments of $200/mo until paid in full, plus $10/mo for property tax. This was presented as a no-interest arrangement.

Option 2. Cash Purchase. If a buyer could purchase the property with all cash, the seller was offered a discounted price of $5,000 upon closing.

 I hope this makes sense and helps you think of ways to stay involved with real estate investing.