How To Get Into Property Development With No Money?

How To Get Into Property Development With No Money?

Property development is a popular business with plenty of opportunities for profits. This occupation refers to the process of renovating homes or building new ones and selling them. 

If you want to become a property developer, you will usually need a lot of money. This raises the question of how to get into property development with no money? Luckily, this guide will help you to become a world-class property developer.

What's Ahead...

How To Get Into Property Development With No Money?

Get Experience

Without funds, you may struggle to start as a property developer. Fortunately, experience is a terrific tool for this industry. The more experience you have, the better. 

Any jobs related to the world of property development will prove valuable. This is because you can develop skills that will prove fruitful when you become a property developer. An example of a valuable form of experience is real estate.

Learn About Property Development 

Knowledge of the property development industry is essential if you want to go into this industry. The good news is that it’s entirely free to learn about property development. 

Even a quick search online can provide valuable information about this industry. Ideally, you should speak to someone who works in the world of property development. This will be an amazing learning experience. 

For instance, you can discover what skills are essential for property development. Furthermore, you can find out more about the various financing options available to you.

Look Into Funding Options

As mentioned, money is pretty much essential for entering the fascinating world of property development. So you may think that starting this occupation will be impossible without funding. Luckily, there are a few different funding options available. 

One such option is to apply to investors. These investors can include friends and family members who are willing to financially support this endeavor.

Alternatively, you could take out a business loan. Remember to shop around so that you can find the best option for you. Below, we’ve got more information on the different financing options available for property developers.

Develop A Thorough Plan

Business plans are essential documents that outline the aims and objectives of a company. This plan should include details like the products and services the business provides, its long and short-term goals, and financial information. 

So if you want to become a successful property developer, you should devise a thorough business plan. It will help establish a structure for your property development business. Not to mention, it can help you to stay focused on achieving your various aims.

Another reason why creating a business plan is so vital is that it will help you get any funding that you need. A business plan will help you to obtain funding, such as for a loan. One such loan that can be valuable to property developers is a bridging loan. 

The good news is that there are plenty of templates online that will help you to create an efficient business plan. 

Financing Options For Property Development

Though it is possible to become a property developer with limited finances, it’s best to acquire money. Luckily, there are a few different ways in which you can start this profitable career. Here are just some of the methods that you can use:

Buy-To-Sell Mortgage

As the name suggests, this form of mortgage is designed for people who intend to buy a property and then sell it. You can conduct renovation work to make the property desirable before selling it. 

Standard mortgages won’t be sufficient for property development. Instead, you will need a buy-to-sell mortgage. It’s worth finding a provider that specializes in buy-to-sell mortgages, as this form of mortgage is not as widely available as other varieties.

Buy-To-Let Mortgage

In contrast to buy-to-sell mortgages, this financing option is suitable for renting. This option allows property developers to buy a house and develop it. Afterward, they can then rent the house to make a profit. 

Therefore, this option is only appropriate for people who intend to rent the house that they renovate. For property developers that want to see the house, buy-to-sell mortgages will be the better option.

Renovating a property for the purpose of renting it can be incredibly valuable. This is because you will have a continuous stream of income. This differs from selling a property, as you will simply receive a large lump sum of money. 

Bridging Loans

Loans can also be useful for property developers. Perhaps the best type of loan for this industry is a bridging loan. This refers to a type of loan that allows you to borrow money for a short amount of time. Lenders can give you up to 24 months to pay this loan back.

For instance, it is commonly used to buy new houses, particularly if their current home has not yet been sold.

It’s worth bearing in mind that these bridging loans are usually accompanied by high-interest rates. Therefore, you will need to decide whether or not this type of loan is suitable for you.

Personal Loans

Another form of loan that can be handy is a personal loan. Also known as unsecured loans, this option means that you won’t have to put up collateral. As a consequence, you won’t have to panic about losing something valuable if you can’t keep up with payments. 

An important consideration is that most lenders will need to perform a credit check to ensure that you have a good credit history. Therefore, if you have a poor credit history, you may be rejected when applying for a personal loan.


Cash is pretty straightforward. It’s one of the most simple yet effective financing options that will help you on your road to becoming a property developer.

The likelihood is that if you’re reading this guide, you don’t have sufficient cash to become a property developer. That’s understandable, as property development requires larger sums of cash.

When you begin your property development venture, you probably won’t have sufficient cash. But once you’ve sold a few properties, this can become a valid financing option. 

Frequently Asked Questions

Is It Hard To Become A Property Developer?

Yes, it is quite challenging to become a property developer. This is a competitive industry. The good news is that you won’t need any specific qualifications to start this business.

Is Property Development Profitable?

Property development can be phenomenally profitable. Of course, having a good knowledge of the industry will allow you to make as much money as possible. So long as you have the right skills and techniques, property development can be extremely valuable. 

What Qualifications Do You Need To Become A Property Developer?

The good news is that no formal qualifications are required to become a property developer. As a result, pretty much anyone can enter this lucrative career. 

On the other hand, certain skills can improve your chances of success. For example, you must have a firm understanding of the property market and interior design.

Final Thoughts

Property development is a thrilling and fascinating industry. Though you can make a lot of money through property development, you will need lots of money to start this career. But with the help of this guide, you might be able to become a property developer with no money!

Paul Martinez

Paul Martinez is the founder of He is an expert in the areas of finance, real estate, and eCommerce.  Join him on to learn how to improve your financial life and excel in these areas. Before starting this blog, Paul built from scratch and managed two multi-million dollar companies. One in the real estate sector and one in the eCommerce sector.