FEATURED
Real Estate Investment
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Cost: $121,600
Down Payment: $4,500
Type of Property: Leverage Play
Why featured:
- Low Down Payment
- Emerging Market
- 20% Built in Equity
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Preconstruction Real Estate Investing. Choosing a Developer & Brokerage
Although the preconstruction real estate investing option has been around for years, it just recently became mainstream and real estate investors all over the world are scouring the web for the best preconstruction real estate projects in areas where real estate prices are skyrocketing (Orlando, Miami, Las Vegas, Myrtle Beach, Ft. Lauderdale, etc). While the sudden increase in demand has influenced many legitimate developers to offer more projects and developments, it has also seen the emergence of many ill-prepared developers in the industry. Here are just a few ways you can properly screen your preconstruction real estate developer and make sure you are not signing with a fly-by-night developer:
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? If the developer has had huge delays in past preconstruction projects, it will probably happen in the next several projects. Remember that your time is money ? even if you get your full deposit back 2 years later, because of constant delays you may lose hundreds of thousands of dollars worth of wasted time.
? Unless you are VERY well connected in the area?s preconstruction market, it?s a good idea to go through a real estate brokerage that specializes in preconstruction real estate developments. There are several reasons why using a quality brokerage can help you, but most importantly, they know the developers and can discern between which can ensure quality and which are ?accident prone?.
? Before investing in a development, be sure not to fall victim to the curse of the small print. Avoid ending up the subject of those horror stories about real estate investors who are suckered into ridiculous contracts with developers. Some developers will not let you sell the property until years after it is finished and others will charge huge penalties if the property is sold early.
***BEWARE*** As developers have learned that the word ?preconstruction? alone can sell out a development, they have created a new trend in the industry by labeling every phase of the project a ?preconstruction phase.? Often these are low-quality condo conversions or condotels that are not worth half the asking price.
BE SURE you are buying in the actual preconstruction phase before purchasing!!!
The bottom line is that the bigger the preconstruction real estate market gets, the more you have to watch out for fly-by-night developers and unethical brokerages that don?t have your best interests in mind.
For more information on investing in preconstruction real estate properties, fill out the form at the top of the page or call the free hotline and one of our agents experienced in preconstruction investing will get back to you shortly.
Hot Areas for Pre-construction Properties:
Orlando, Florida
Myrtle Beach, North Carolina
Miami (South Florida)
Ft. Lauderdale, Florida
Las Vegas, Nevada
Biloxi, Mississippi.
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Other Helpful Links
Link To Us | Contact Us | Realtor Resources
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Contact
YAERD Today if You're Looking
For :
* Financing for your investment real estate property
* An educated real estate brokerage or agent
* Florida investment real estate listings
* Florida preconstruction or early phase developments
or projects
* Florida investment real estate properties
Types
of Investment Properties Available Florida:
* Townhouses
* Single Family Homes
* High Rise Developments
* Luxury Condos
* Condo Hotels (Condotels)
* Penthouse Condominiums
* Preconstruction
* Early Phase Projects
Why Choose YAERD for your Florida Investment Property Need?
* Honesty: Our real estate agents
think of your bottom line and not ours. We only sell
properties that we believe are quality developments
and the commission they pay us is not a factor.
* Experience: Our primary objective is to provide our users with knowledgeable, well established agents and experts in their area that have a proven track record in the type of real estate that you are looking for.
* Professional: Our agents are not the
slimy used car salesmen types. They will spend the
time with you and let you know what they feel about
each real estate development. Each agent is educated
on each development we sell (and many we don't).
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