Buying real estate in Jamaica is quite simple, this method shows you how to with no money down.
| Submit | About Us  

Buying Jamaica Real Estate With No Money Down

Learn how to buy Jamaica property with no deposit down

Getting into the Jamaica real estate market can be very lucrative but can also cost a lot of losses if not conducted properly, an investor must fully learn all of the tricks of the trade before taking the plunge into Jamaica real estate investing. After studying the Jamaica real estate market you must choose one of the many types of real estate investments in Jamaica you can get involved with. These Jamaican real estate investments include foreclosures, tax liens, flips, and more. Depending on cash flow and what type of Jamaica real estate investment you can pursue.

Regardless of the type of Jamaica real estate investment, the best way to invest is with no money down. This way you use what are called cheap funds to purchase property while the interest rate you pay on the loan is eroded away because of inflationary pressures. The problem in Jamaica is locating no money down Jamaican property deals. These can be very difficult to locate however you can issue these requests to Jamaican realtors who can point you in the right direction. A Jamaican realtor might say to Jamaica real estate seller that he might take a lease-purchase option if his property is proving too difficult to sell. This means that a 12-60 Month lease can be agreed upon where you pay only a monthly amount and at the end of the lease the property will be sold for JMD$1.00. This is an excellent method to snap up hard to sell Jamaica real estate. The first thing you should be aware of is looking for deals. Worldwide Realtors will always recommend the use of a Jamaica realtor if buying or selling property. However if you would like to purchase a no money down Jamaica real estate property, you need to locate Jamaica real estate that is being sold well below the estimated market value.

There are actually only two way to purchase Jamaican property with no money down, the first is to purchase with equity and to assume a loan. The first method is to locate a Jamaican property being sold at least 20% below it market value. You will be able to purchase the real estate by accessing a 95% mortgage loan and still borrow closing costs and have equity left in the Jamaican property. The other method is to utilize what is known as loan assumptions. This loan assumption allows assume a debt while paying the owner for his equity. This means the owner is giving you a loan and the mortgage company is giving you a loan. Loan assumptions are not very popular in Jamaica but have been entertained when the Jamaica real estate in question is either about to be foreclosed of the mortgage loan is in heavy arrears

This practice is much more popular in the United States and the United Kingdom. Jamaica realtors and Jamaican real estate investors, usually purchase properties in the United States however with little or no access to mortgage loan facilities their involvement in this arena is very limited. We have focused most of our energies on Using Jamaica real estate to purchase US real estate. This is through a process known as Time Share in Jamaica real estate. This means that you will be able to access economic rent at viable times from Jamaican properties that you do not own.

Featured Jamaican Links Jamaica Real Estate Articles

Before Buying Jamaica Real Estate
After Buying Jamaica Real Estate
How To Add On To Jamaica Real Estate
Selling your real estate in Jamaica
FSBO and Pricing your Jamaican Property
Sale vs. Rental and Capital Gains 
Investing In Jamaica Real Estate
How To Flip Jamaican Real Estate
Purchasing real estate in Jamaica with No Money Down
Financing Jamaica real estate purchases
How to negotiate when buying real estate
Renting Jamaican Real Estate
How to increase the value of your real estate
Getting more from your Jamaica real estate
Leasing real estate in Jamaica
Understanding Jamaica real estate mortgage loans
Choosing A Jamaica real estate property manager
Understanding property and real estate insurance in Jamaica
FSBO your Jamaica real estate
Re-investing in real estate
Investing in Jamaican apartments
Rudiments of Jamaican property title
Understanding Jamaica real estate foreclosures
Back To Top