nice to meet you all. That's my first day in this community. I hope I find the advice I am looking for. I am aware it might be an odd question.
I am interested in real estate investing but I am not sure if I could make it and that's why I am reaching out for help. For religious reasons, I don't want to take loans as it's forbidden in my religion (Islam). In particular, loans with interest. I am not rich neither to start alone.
Not sure, is there a way to invest without taking loans? Any advice on how hard will it be taking that fact into consideration? Any successful muslim real estate there could advise here on how he/she handled it?
I am not sure about your overall financial and tax situation but can you borrow from yourself? I can expand on that with more information. Feel free to message me if you would like.
I am not sure about your overall financial and tax situation but can you borrow from yourself? I can expand on that with more information. Feel free to message me if you would like.
Thank you. Already messaged you. Appreciate your advice.
@Baha El Far build up your cash. Ways to get started in real estate without a loan or cash. Look at a master lease where you are renting a property that you in turn rent to a different party to make a spread. This can help you figure out if you really want to be a landlord while making cash. Another partner with someone who has funds but not the time. Look at REIT's, or lending what money you have out to for rehabs (to folks you trust and the deal makes sense) and build up your cash while learning about the game.