Rich Dad Poor Dad teaches the generation of passive income through real estate. He mentioned in the book that we can do that even in tiny Singapore. So given the Singapore context, how can we do it?
Are There Ways To Make Money From Real Estate In Singapore Without Huge Starting Capital?
Posted December 16th 2009 at 5:18 pm by Admin
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You’re going to have to borrow the money, either from friends, family, investors or banks. You might even be able to get a combination financing, such as a seller held 2nd plus a loan from a bank.
If you don’t have good credit, you can get a co-signer. Get someone with strong credit to co-sign for you, plus a combination of financing. You may have to give your co-signer a financial interest in the deal.
Another way to start out is to broker deals, or acquire an option on a property and then sell it to another investor. This gives you an opportunity to make money on the deal without having any capital involved. Research the term ‘real estate options investing’.