I was riding on the bus on way to college and seen contractors constructing apartment building looking condos. This location is right in front of a shopping mall and across the street from a university college AND another community college thats right next door to the university!!! I know I'm a rookie but that sounds like alotta potential cash flow from my fellow college students . I was thinking of going to talk to the contractors and negotiating a deal to buy a unit before construction is done. I don't have a lot of money or experience but I know for a fact that I WANT IN. Even if I only end up owning a small percentage something. What would be the best approach to this?
Great Opportunity for novice investor plz help
Posted on: Wed, 02/20/2013 - 22:49
Great Opportunity for novice investor plz help
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- by ThomasKeys
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You ARE thinking.
You can buy pre-construction and make some good profits with little money down.
By the time the construction is near completion (in a rising market) the values have increased and you can sell to the end buyer and profit.
Learn the Values, rent rates and path of growth in your area.
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
Good thinking! Please keep us updated on your progress, I'm interested in hearing about it.
its really a great deal. Its across the street from TWO colleges so im positive those student renters are gonna come in flocks once they are finished. Is it possible I could put my money with a few other private investors/HML's and at least own a percentage in equity?
its not neccesary. You simply sign and put down deposit on one being built. This allows the builder to show to lenders to release more funds to them.
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools