Saturday, May 8, 2010

Grants to Purchase Real Estate - How To

How to write a Grant Proposal to purchase Real Estate

If you are an Investor, Business Person or just someone that wishes to better their own community, you may have thought about obtaining a grant from the Governement. Or maybe you were not aware of many programs available to persons just like you and me. These programs are not just for Non Profit orgs. They can be for profit but you need to think about helping out your local community in doing so.

Each year, the government gives away grants for real estate that individuals can use to purchase the home they've always wanted or to invest in real estate and make a profit. There are many different kinds of these grants and although they are not widely advertised, you can obtain them without paying for the information. Below, you'll learn how to obtain government real estate grants.

Difficulty: Moderate
  1. Step1
  2. look for suitable grants. Visit and use the keyword search tool available on the site. This tool allows you to search using keywords for the types of grants you're seeking. You'll be redirected to a list of grants that are relevant to your keywords. You can check each grant's details and obtain the application you need to fill out in order to receive the grant. Visit your local chapter of HUD as well, since they often receive information about real estate grants.

  3. Step2
  4. Fill out the grant application. When filling out the grant applications, there are a few very important things you should remember. First of all, go over the applications very carefully so that you don't miss anything. Be sure that any information you place on the application is correct and that there are no mistakes anywhere. Have a friend or family member go over the application and check for typographical or grammatical errors to ensure that the application is easy-to-read, neat and correct.

  5. Step3
  6. Write a grant proposal. For some grants, you will need to fill out a grant proposal. This is similar to an essay and helps the reviewers know which grant application they should choose or which individual needs the money more. In real estate cases, the reviewers may be more apt to choose individuals who will help the community with their actions, so consider different ways in which you can do this with the grant money. You can learn tricks and tips for writing a grant proposal by going to "How to write Grant Proposals"

  7. Step4
  8. Send off the application. Be sure to check the deadline of the grant so that you know when you must send off your application. Sending it off 2 weeks ahead of the due date is ideal and even sooner if possible. This will help you ensure its timely arrival. Do not fold the grant application, rather place it into a manila envelope and place enough postage on the envelope so that it will arrive safely. Before sealing the envelope, check to ensure that your cover letter (if needed) and all pages of the application are present.

    By following the steps above, you can have a better chance at obtaining a government grant for real estate.

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