You can get grants for multi-unit housing you build, rehab, or convert for use by the poor, the handicapped, the needy, the elderly, and others who cannot afford traditional housing. A multi-unit grant never need be repaid, if you do the work for which the grant was made. A loan, by comparison, must ALWAYS be repaid—on time and in full!
See your telephone book's Government pages—they are usually blue and are found at the back of the book. You'll find the names and addresses of government agencies you can call to find housing grants for your work. Such agencies usually have the word "Housing" in their name. Others may use the words
"Home" or "Shelter." Check them all. You may find the grant you need! Private, or semi-private agencies may have the words "Housing Commission" associated with them. Some may also appear in the Government sections of your telephone book. If you are a 2-year subscriber to my newsletter. International Wealth Success, we will give you a list of agencies that have data on who to contact to learn where to find housing grants in your city or state. This list gives you the name, address, and telephone number of the1 group to contact.
Find Lenders That Fund Multi-Unit Real Estate Projects
These lenders were all in business offering real estate loans of various lands at the time of the writing of this book. I have dated information in my bank safe deposit box showing that each listed lender was actively making loans at the time it was listed. In
general, these lenders will expect you to have money invested in the project you seek funding for. This investment will generally be in the form of a down payment on an existing project.
Lenders—like other businesses—may merge, downsize, upsize, change focus, or go out of business. Your author has no control over these events. But I will alter this list as I become aware of such changes, when the next printing of this book is made.
In income real estate, you have almost unlimited sources of funding for your projects. Your First Mortgage is usually the easiest type of real estate
financing to get when your project is in reasonably good condition. Your Second Mortgage may be the next easiest type of real estate loan to get.
Guaranteed loans, with your guarantee coming from a government agency, may be good for you if your credit is not the strongest.
There are some grants available for real estate projects that benefit large groups of people. Down payment loans can be obtained from at least five different sources.
Private lender financing can be your key to real estate riches. Real Estate Investment Trust can be your source of either public or private funding for multi-unit real estate deals.
Investor groups, such as limited partnerships made up of professionals, can be an excellent source of funding for you. But you must—in general—make a presentation to them to get your money.
So deal with experienced multi-unit lenders and you can find the money you seek for your real estate project.
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