Pre-construction Investing

Another area of Real Estate investment is “Pre-construction”. This model works when market values are on the rise. The blueprint for success is to:
• buy a lot in an area of appreciating housing prices
• have a house built by a reputable builder
• then sell the house, making between $30,000 to over $100,000 for an executive waterfront home.
Many of my clients have done this successfully. This is where leverage and using “other people’s money (OPM) comes in. When you find an area where, according to comparable sales, single-family homes sell for $30,000 or more than the cost of the lot plus the cost of construction, you have BUILT-IN EQUITY PRIOR TO THE START OF CONSTRUCTION! This is where knowledge of the market and of appraisal methods comes in.
Wouldn’t it be great to get a piece of this action? What’s holding you back? Of all the great fortunes made in this country, more than 70% were based upon Real Estate.

“Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security.”
For moreinformation, please visit:
http://www.successfulrealtor.net/
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