If you don’t have sufficient capital, then find a partner who does. Someone who knows Pakistan’s real estate market, and can help you steer in the right direction. There are many perks of partnering up, like taking advantage of someone’s existing network of lenders, contractors, buyers, etc. On the flip side, it’s also daunting, because partnership comes with its risk of dishonesty and incompetence. It’s important to keep in mind that having a partner means you both have to be transparent about your assets and liabilities. It’s a real possibility that your partner could run off with all your money, borrow under the establishment’s name (without consent), and expose you to giant financial risk.
Therefore, it’s extremely important that you undertake a business venture, with someone you really trust. If you have any red flags about your partner, then it’s probably a sign that you should keep looking.
Peer to peer known as P2P in this method investors loan money to one another. In foreign countries, the crowdfunding market takes place via online services. Potential investors and individuals are matched, requirements are fulfilled and the loan is approved. It is an affordable procedure with low overhead costs than conventional mortgages. There are a few aspects that need to be checked while using the peer to power platform such as:
Crowdfunding is becoming popular. According to Allied market research, the global peer-to-peer market is likely to hit over $460,312 million by the end of 2022. It is a better option when buying a house as you can still get a loan despite having a perfect credit score
A great way to garner extra cash is by flipping your homes into rental properties. First, buy a house, then make repairs, followed by putting up the listing on the market — rent or sell. And finally, sell it at a good profit margin. This way, you still maintain ownership.