You don’t need to be reach to start investing in real estate’, this is a common cliché in real estate that doesn’t require anyone to read a real estate book for one to fathom its meaning.
The question that lingers in one’s mind after the phrase above is ‘How can you invest in real estate with little cash as a start up? ’
Unfortunately the safest investment on earth, real estate, doesn’t wait for any investor to get rich to join its carriage, the properties normally keep on escalating to an extent of being timed out even if you save in pursuit of joining real estate.
That’s why Will Rodgers-an American vaudeville- advises, Don’t wait to buy land, buy land and wait.
The good news nevertheless, unlike other investment portfolios, you don’t need to be rich for you to start investing in land.
Here is a list of 10 ways you can use to immediately get capital for your real estate investment
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A simple group of friends
You can easily form a simple group of at least 4 friends, these are common friends you speak to on a daily basis and you can easily meet over a table of coffee.
For instance, you are about four friends, and you can manage to save Ksh.5,000 per month. Isn’t this cash sensible enough for land investment after 5 months? Your guess is as good as mine.
Advantages of being in a group
- You can easily encourage each other to save
- No stringent rule on saving
- You can graduate to a bigger entity
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Chama
Getting into a Chama puts you on a limelight of investment ideas. You don’t need to hustle and bustle to get a Chama the only thing you need is to identify the one that syncs well with your investment goals and you are good to go into investment.
Alternatively you can go ahead and form your own Chama. A group of five people are enough for a Chama organization.
Saving in a Chama is as simple as saving in a group of friends association. But a Chama of wise investors who want to rip big from the market ought to save as from Ksh,5000 per month from the pocket of every investor(Presuming your Chama is made up of 10 members).
Pros of a Chama
- Chamas can solicit for loans and grants easily
- They are a good avenue of networking for different professions
- Encourage consistent saving from members
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Personal Saving
Saving doesn’t discriminate anyone because all and sundry can start saving at any given time with any little cash- you surely don’t need to be rich nor old to start saving. If you can’t save a shell you surely won’t save a gold medal.
For instance, suppose you started saving Ksh.50 at 18 years old? How much would that amount to at 30 years?
Pros of Individual saving
- The best feeling comes when you own an investment from your saving
- It is the sole foundation of mother of investments
- Saving saves you from a hustling life and increases happiness
- One can easily get a loan from a personal saving account
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Capitalizing on Talent Investment
How about taking advantage of your hobby and talent to get some little cash? If you can get some little cash, why can’t you save that cash for future investments? Even the bible encourages believers to save from the parable of the talents (Matthew 25:14-30).
Saving from bad lifestyle habits is also an interesting topic for this day, you can reduce more coins from the bottle of liquor, and this will even save your bank and your life. It will be a great testimony and motivation when you invest with such cash
Pros
- It is a good way of increasing channels of investments
- It can act as a back-up option for investment
- Talent gives you more happiness
- Saving from bad lifestyle habits improves your health conditions
