Flipping New Construction
Has anybody ever done this? I mean buy the house in the 1st or 2nd phase of a new development, wait until you acutally own it, then sell it for a profit. I ask only because when I bought my new home last year, I waited 10 months until it was ready to move into, during that time the base price of it went up 20k. I figure it's something to do with a few extra bucks while other things are in the works.
JS
I think pre-construction is the term people have used, perhaps serch on that.
I was in an auction (such demand for the properties) to do this. I didn't wina lot at the auction.
I do it all day. It's the BEST way to make the MOST out of your investment. I have properties in the Disney Resort Area that are appreciating 20-25% a year, and if you decide not to sell it at closing, you can put it in the short term rental market and break even at 40 weeks of rental.
Another great thing, is that you only need 10% down at contract, and anything else is due at closing.
Excellent opportunity to leverage the most money, and walk with cash in pocket at closing.
If you're interested, call me 1-866-655-7618 :-D