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**libertiespana** · 10-25-2011, 07:52 PM

How about setting up a home loan system like rent to own. People collect money, give it to a person who is living on rent and needs to buy a house. The money can be given to him on installments. The organization can even earn from it.

For example, let's suppose a person wants to buy a house in Madinah. The house costs around 200,000 Riyals. 10 people form a consortium. Each one gives around 20,000 (which is not alot). Then they buy a house and sell it to the person who needs it on installments for around 250,000. The benefit is very clear.

If people are interested in forming this, I offer them to make me their first client

Loan system is very risky... I work for one real-estate company with similar concept (it's in inception).. In this we build apartments.. we sell of few apartments to get the returns.. the remaining are given on rent/lease basis.

We can implement the similar concept... sell of few apartments first and give remaining on loan.. This reduces the risk of investors

If documentation is required

I can help..

10-25-2011, 07:52 PM	#12
libertiespana Join Date Oct 2005 Posts 465 Senior Member	How about setting up a home loan system like rent to own. People collect money, give it to a person who is living on rent and needs to buy a house. The money can be given to him on installments. The organization can even earn from it. For example, let's suppose a person wants to buy a house in Madinah. The house costs around 200,000 Riyals. 10 people form a consortium. Each one gives around 20,000 (which is not alot). Then they buy a house and sell it to the person who needs it on installments for around 250,000. The benefit is very clear. If people are interested in forming this, I offer them to make me their first client Loan system is very risky... I work for one real-estate company with similar concept (it's in inception).. In this we build apartments.. we sell of few apartments to get the returns.. the remaining are given on rent/lease basis. We can implement the similar concept... sell of few apartments first and give remaining on loan.. This reduces the risk of investors If documentation is required I can help..
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