How to earn money for an apartment without an apartment and a good income: 7 ideas

Almost every person in adulthood thinks about how to earn money for an apartment without having an apartment and a good income. Some people inherit real estate, someone lives in a state apartment. But what about those who do not have a good job and still wander around rented apartments or live with relatives? This will be discussed in this article.

1 - How to make money on an apartment with an average salary: we pay a mortgage with the help of tenants

The most cunning way can be called the payment of a loan for an apartment at the expense of other people (tenants). This is a rather long process, requiring several years of waiting, but it does not require any special costs, both financial and moral. If you are looking for how to quickly earn money for an apartment, then be sure to consider this option.

The essence of this method lies in the following. You take out a mortgage on an apartment, becoming its owner. Then you make repairs in it, conduct the Internet, furnish furniture and household appliances. This is necessary to get the maximum profit. At the expense of the money received from the tenants, monthly extinguish the loan debt on the mortgage. To increase income, you can rent an apartment by the day (2000-3000 per day).

Among the risks, it is worth noting that it is not always possible to quickly find tenants and the apartment is simply idle, and you will have to pay the mortgage out of your own pocket. Working with realtors will help you avoid this. There is also a risk of damage to property, but in this case, you can agree in advance with people on payment of all damage caused during the rental period.

And yet, if everything is calculated correctly, correctly prepared for possible risks, then in 10 years you will have your own apartment, received without your investments and special costs during the mortgage. This option is much better than permanent living "in debt", "paycheck to paycheck" and other types of existence.

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2 - Rent with an older person in exchange for real estate

This option is more likely not related to ways to make money on housing, since it is difficult to call it a type of income. The bottom line is to find an elderly person who is willing to give up his property to someone who will care for and look after him until his death. This option of obtaining an apartment does not require any special expenses from you, and in addition, you will get the opportunity to live in someone else's apartment, which is convenient if you do not have money to rent housing.

To use this method, you need to find and conclude an annuity agreement (or, as they say, a “lifetime maintenance agreement”) with an elderly person. The documents prescribe the duties of a caring person, and most importantly, that after the death of the owner of the apartment, the property passes to the second side of the contract if all of its points have been met.

This method of obtaining your own apartment does not require financial investments from you, but it is worth preparing for a difficult psychological state. Jobs such as caring for an elderly person are better handled by women, as their natural skills and instincts are predisposed to caring for people. It is much more difficult for men to cope with such responsibilities.

3 - We are looking for sources of additional income

If there is not enough budget to cover monthly expenses and save money to buy an apartment, then you should seriously think about finding sources of additional income. You can earn extra money by doing simple work on the Internet or by providing various kinds of services outside the walls of your home (for example, private transportation, courier services, a husband for an hour, babysitting, cleaning apartments and houses, and much more).

4 - Where to get money for an apartment for a young family: repayment of a loan from passive sources of income

Today's reality allows almost every smart person not long and hard to earn the coveted millions, but to get real estate much faster. The secret to success in finding money for an apartment lies in creating passive income, which even students and underage teenagers can do.

Step 1. Search for possible sources of passive income

The ideal option is to create your own website, its promotion and further placement of paid advertising on it. After spending a year, or maybe a little more, on this, you will get a site that brings about the average monthly salary in Moscow from advertising, if not more (it all depends on the chosen niche and your efforts).

After setting up and promoting the site, the profit from it will come to you almost automatically. All you have to do is pay for monthly hosting (several hundred rubles), and once a year pay for the domain (about 100-200 rubles). In order not to wait six months or a year to promote the site, you can purchase a project with income on the site telderi.ru.

Step 2. Making a mortgage

Have you already promoted your site, and it began to bring the first money? Then it is time to go and take an apartment in a mortgage. If your own income is not enough for the bank to give you a loan, you can connect co-borrowers, ask relatives for help. Next - payment of the down payment for the mortgage (about 20-40% of the property value). Everything. The apartment is yours, you can live in it. But every month you have to pay a fixed rate for it.

Step 3. Pay off the mortgage through passive income

At this stage, your passive income from the site is included in the work. You can safely use these incomes to pay off the mortgage every month and they should be quite enough. You will not have to spend money from your main job, you will not have to borrow from relatives. Once made and promoted, the site will help you in purchasing your own housing, the main thing is to sometimes monitor it and update information so that visitors do not go to competitors.

5 – Property in installments from the developer

Today, many companies, especially those in crisis, willingly agree with buyers to sell apartments in installments. Installment repayment is usually given 24 or 36 months, but there are options up to 5 years.

Installment plan is advantageous because there is no overpayment in it. In the end, you will spend on an apartment exactly as much as another person who decides to pay the entire amount at once would give for it.

Payment of money can be made monthly, quarterly or once in a period agreed with the developer. The amount of the down payment is on average 70%, options with 50% or 60% are not so frequent.

6 - Where to get money for an apartment without a mortgage: choosing a property for leasing

Leasing is a good substitute for a mortgage, because in order to take the latter, the borrower must have a good credit history, which not every citizen has.

By the way, read the article. Leasing companies are more loyal to their customers and do not require a bunch of income statements, surety persons and other paperwork from them. Sometimes it is even possible not to disclose all personal information about yourself.

Roughly speaking, by acquiring real estate on lease, you have every right to live in it and pay a monthly rent for it to the company that is currently its full owner. After paying the entire amount, the apartment becomes completely your property.

However, leasing is a riskier business than mortgages. Firstly, an apartment on lease will cost a little more than a mortgage. Secondly, if the leasing company goes bankrupt or for some reason terminates the contract with you, then you will find yourself on the street. And then the only salvation is to sue the company, which can drag on for years.

How to learn to save and save money with a small income

7 - Buyback

Few companies today have begun to offer such a service as buyback. This is also not exactly a way to quickly save up for an apartment, but rather a competent investment of your own funds that you now have.

You buy an apartment from the developer, and after a certain period of time (usually after the final stages of construction) you sell the property back to him, already at a higher cost. This program works according to the bank deposit scheme. In this case, you will not lose your investment if prices or demand fall. The developer will be required to return all your money back.

8 - State assistance in the purchase of real estate

There are several programs to help people of various categories in the acquisition of real estate that are in the state. They are mainly intended for large families or young couples. If the husband and wife are under 35 years old, have children and a permanent job, then you can take a 30% subsidy from the state when purchasing new real estate. This is a good opportunity for families who want to change their place of residence, but they do not have enough money for this. All that is required of you is to collect the necessary package of documents and submit an application for consideration. It is worth remembering that subsidies are issued only to people with a regular income.