Read Now Selling Real estate DOC
The idea of pre-construction investments when it comes to realestate is actually quite a clever way in which many have mademillions.The theory is simple really. Invest in a property before when it is in theplanning stage. Those who will be building these buildings need money andinvestors in order to do get the building off the ground.By investing (in many cases basically purchasing options to purchase) in theunits, typically condo units in high demand areas, before the ground isbroken investors often have the option of investing for pennies on theexpected dollar once the building is complete and can re-sell the property atfull market value once the building is complete pocketing the difference inthe original investment and the asking price.This is a win-win situation for many builders or 'owners' of the property inquestions because 'pre-selling' the units allows lending agents to haveconfidence in the viability of the project as a money earner by selling manyof the unit’s sight unseen.
