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The costs involved might appear daunting at first but they are far less than the costs of getting in over your head by not having a grasp of even the most basic 'ins' and 'outs' of pre-construction real estate investing.

Third, develop a close-knit relationship with a realtor that specializes in this particular type of real estate investing. This could prove to be the most beneficial thing you will ever do in order to insure future success. Be developing the right relationship with the right realtor you can get information on new properties before they make it to the public sector.
This puts you in the rare and wonderful position of beating the competition to the punch. This gives you a much better shot at receiving the rock bottom prices that are often missed by waiting too long to make the purchase.
Fourth, be prepared to hold onto the property for a little while if you need to do so. The problem with pre-construction investing is that there are no guarantees that when the time comes you will have been able to 'seal the deal'. Things come up even when you have a buyer that is willing and eager to make the purchase.
In other words, there are times when you will need to hold onto the property for a short while and sometimes as a long-term investment. Some options in the case of long-term holds would include renting the property out to vacationers if it is in a high demand tourist area. You can use your realtor to help with that. This allows the property to be earning some income until the sale can be made.
Others decided to hold onto the property as a personal vacation home for themselves, friends, and family. In the end, the important thing is that there is a "Plan B" for the property should the deal fall through and you are left paying the monthly note.
Pre-construction real estate investing may not have the 'name in lights' appeal that other types of investing carry but it does provide a viable investment style that has the potential to bring in significant profits. The
Selling Real Estate
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name of the game when it comes to investing is profits so keep this in mind when considering your investment options. This is one of the forms of investing that requires (in most cases) the least amount of capital up front.
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