The preconstruction investing tutorials that are linked on this page were written by Chris Anderson, PhD who is a leading expert in this field. If you are considering investing in a preconstruction project, some or all of these articles are a must read. These articles will help you understand the advantages and pitfalls of preconstruction investment. The Morris Team feels that an educated client is the best client and we wish to provide you with as much information as possible. We are not associated with any single preconstruction project and would like to represent you as your agent with any of the projects we have listed on our web site.
The preconstruction process is an innovative real estate investment opportunity in which you buy tomorrow's property at today's price. Preconstruction investing is a boon for the investor or buyer as well as the developer or builder. The biggest advantage of preconstruction process is that you can reserve your buy at discounted prices without investing a fortune. You simply have to make a small investment that is as low as 5% of the total cost to reserve a unit and pay the balance on achievement of different milestones....
Preconstruction sale is a term that signifies real estate transactions that takes place before a project is completed. Many investors have a hard time understanding why sometimes they can purchase a property at a discount when bought preconstruction. The key is to understand how important this process is for a developer so let's pretend we are a developer for a minute.....
When you are buying a property in a preconstruction process, you will have two times when you may consider financing:
1. When you go to hard contract; and
2. When (if) you close on the property.
In this article, we are going to look at both of these types of financing.....
So suppose you are now interested in striking a preconstruction deal with a developer, but you are not fully aware of the intricacies of the game. The first step in this direction would be to collect the necessary information about it.
Ok, now close your eyes and imagine the late night infomercial proclaiming this! It would come complete with pictures of yachts, tropical beaches, and Rolex watches of course. In addition, there would be no less than 13 video testimonials about how "you too can be rich if you just follow this simple program!".....
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