So you’re interested in investing in the lucrative Florida and Las Vegas preconstruction real estate markets but you don’t know where or when to buy? Then this article is for you. We will show you what to watch out for in this once in a lifetime opportunity. First thing is to do your due diligence and find the right real estate brokerage, be sure that this brokerage deals with preconstruction real estate... Preconstruction real estate is the safest and fastest way to make a healthy return on your initial investment. What is really important to remember is that very few companies deal with preconstruction and even fewer deal with a large selection - here’s why: 1. Less Money - While the investor makes more money from a preconstruction investment brokerages usually make a smaller percent on preconstruction because they are in such high demand from serious investors. This is why you’ll hear so many brokers say “It’s Impossible to get preconstruction unless you have the connections. Trust me no one can get you on the list.” 2. Too Much Time - In order to sell preconstruction real estate in Florida you have to constantly research new up and coming developments that are not advertised anywhere. This can take many hours a week calling and researching the market and because the projects are all word of mouth brokerages need connections in the industry to get in on the stellar projects. Many Las Vegas and Florida brokerages just don’t have the man power to do the research or the connections in the industry to find all these hidden gems. 3. Timing Timing Timing - Preconstruction real estate investing is a very fast moving market... If you wait even a day to move on a project chances are you’ve missed out on the development and this frustrates many new agents and causes them to drop out of preconstruction. 4. Delayed Payment - The number one factor on why most brokerages don’t sell preconstruction investment real estate is because it takes so long to get paid compared to traditional projects. Because agents are selling units so early before development starts; payment is significantly delayed, in fact payment can be delayed for up to two years... This is also why many brokerages only deal with a small handful of preconstruction projects (If any). By only offering a small amount of projects the Las Vegas and Florida brokerages can negociate quicker payment on those projects and push them hard even if they are not in the best interest of the client. Bottom line is in this industry you have to be very careful who you invest your money with. Many companies have their needs above the clients and because this is such a big ticket sale many companies don’t need referrals or returning customers to stay profitable. Remember, when searching for Florida investment real estate chose a brokerage that has a large selection of both preconstruction and phase one projects and doesn’t pressure you into one of their flagship developments where they make a higher percent off the sale. If anyone ever has a question about a specific preconstruction project or development in the Florida or Las Vegas area feel free to contact me first and I will give you my honest advice on ANY project. http://www.InvestRealEstate101.com Goldberg Executive Realty Group
Mark Goldberg
Phone: 1-866-247-2259
E-mail: GoldbergRealtyGroup@cfl.rr.com
http://www.investrealestate101.com
|
