Grants for Investing in Real Estate
By now, we have all seen the commercials shouting that you are a fool for not taking advantage of the government grants available for everything from starting your own business to investing in real estate. Does it sound too good to be true?
That depends. Certainly, some people have received a grant for investing in real estate. A very few have received a large grant for investing in real estate. And even though these grants exist, the requirements can be quite stringent, the competition very tough, and the amounts small.
However, there are some circumstances where it is possible to start or improve a real estate investing career by seeking and obtaining grants. Most often, local municipalities fund affordable housing initiatives. These may range from offering individuals grants to assist in a first-time-homeowner down payment, to grants to non-profit developers to build multi-unit affordable housing developments. read more…
