I am meddlesome in investing in Florida pre-construction of singular family homes. How do I know if it is the great understanding or the rip-off? How can I discuss it if the lot is value the asking cost or not? How do I find out if the builder is reputable? How do I know if I will be means to have the profit?
How to Invest Money to Make Maximum Profits
Tag
about Accounting Analysis best Business Businesses company credit Enterprise Estate Finance Financial financing find Forex From Funds good help... Home Invest Investing Investment Know Loan Loans Management Market Marketing Money Need online Plan profit Real Research Should Small start stock this Tips trade Trading would-
Recent Comments
- VP on LOOKING TO INVEST IN A BUSINESS WITH SOMEONE. ANY IDEAS?
- Michael B on LOOKING TO INVEST IN A BUSINESS WITH SOMEONE. ANY IDEAS?
- Vincent on LOOKING TO INVEST IN A BUSINESS WITH SOMEONE. ANY IDEAS?
- Omnis on WHERE WOULD I GO TO FIND PEOPLE WHO ARE WILLING TO INVEST INTO MY BUSINESS OR TO INVEST IN THEIR BUSINESS?
- Carc CowBoy on WHERE WOULD I GO TO FIND PEOPLE WHO ARE WILLING TO INVEST INTO MY BUSINESS OR TO INVEST IN THEIR BUSINESS?
- Astro;Andy H. on WHERE WOULD I GO TO FIND PEOPLE WHO ARE WILLING TO INVEST INTO MY BUSINESS OR TO INVEST IN THEIR BUSINESS?
- jsforex.blogspot.com on WHAT BUSINESS CAN I INVEST FOR A 15 THOUSAND BUCKS PHILIPPINE PESO?
- Alvie on WHAT INVESTOR IN THEIR RIGHT MIND IS GOING TO WANT TO INVEST IN BIG BUSINESS ANYMORE?
- chillininvt on WHAT INVESTOR IN THEIR RIGHT MIND IS GOING TO WANT TO INVEST IN BIG BUSINESS ANYMORE?
- TimothyLogan3 on WHAT INVESTOR IN THEIR RIGHT MIND IS GOING TO WANT TO INVEST IN BIG BUSINESS ANYMORE?
Meta
-
Recent Posts
- LOOKING TO INVEST IN A BUSINESS WITH SOMEONE. ANY IDEAS?
- WHERE WOULD I GO TO FIND PEOPLE WHO ARE WILLING TO INVEST INTO MY BUSINESS OR TO INVEST IN THEIR BUSINESS?
- WHAT BUSINESS CAN I INVEST FOR A 15 THOUSAND BUCKS PHILIPPINE PESO?
- WHAT INVESTOR IN THEIR RIGHT MIND IS GOING TO WANT TO INVEST IN BIG BUSINESS ANYMORE?
- HOW DO I ASK FAMILY TO INVEST IN MY BUSINESS?
- I WOULD LIKE TO START A SMALL BUSINESS OR FRANCHISE I COULD INVEST IN OR SOMETHING I COULD MAKE GOOD MONEY OFF?
- WHAT PROFITABLE BUSINESS CAN I INVEST 1MILLION NAIRA ON IN NIGERIA WITH THE ECONOMIC SITUATION AT HAND?
- WHAT IS THE BEST BUSINESS TO INVEST IN ?
- WHAT IS THE BEST HEALTH RELATED SMALL BUSINESS TO INVEST IN THESE HARD TIMES THAT MAY BE VERY REWARDING?
- I AM LOOKING FOR AN ANGLE INVESTOR WHO IS READY TO INVEST IN MY BUSINESS?
- CAN I WITHDRAW MONEY FROM MY RETIREMENT ACCOUNT TO INVEST IN MY NEW BUSINESS AND AVOID THE 10% PENALTY?
- WHY WONT THE IRS LET ME INVEST IN MY BUSINESS?
- WITH $250K WHAT CAN I INVEST IN (BESIDES REAL ESTATE, STOCKS, OR STARTING A BUSINESS)?
- HOW CAN I FIND SOMEONE TO INVEST IN MY BUSINESS?
- WHATS A GOOD BUSINESS TO INVEST 1 MILLION DOLLARS INTO WITH ALL THE CONDITIONS THE COUNTRY IS GOING THROUGH?
- HOW DO I INVEST IN A BUSINESS THAT I BELIEVE IN?
- MY FRIEND WHO IS VERY NEW TO THE COUNTRY HAS 90K AND WANTS TO INVEST IN SOME KIND OF BUSINESS. ANY RECOMMENDAT
- ONE MY FRIEND IS LOOKING FOR A PARTNER FOR HIS BUSINESS AND WANTS TO INVEST MONEY. WHAT SHOULD I EXPECT?
- I WANT TO START A COMPUTER SALES BUSINESS IN HYDERABAD, NEED DETAILS HOW TO START, HOW MUCH I HAVE TO INVEST.?
- I HAVE $30K , WHAT TYPE OF BUSINESS SHOULD I INVEST IN TOWARDS A WEALTHY FUTURE?
{ 7 comments… read them below or add one }
Research the company or person selling the product. Check the stock holdings, etc.
If you were solicited from the internet or the mail, I’d be very careful. Also check the current real estate prices on existing homes in the same area.
I have no idea about construction and what not but I live in florida and they are like tearing down a lot of the houses and putting up condos, does that help any?
Well it really doesn’t matter at this time if it’s a good deal or a scam. Whatever your deal is, don’t do it now. Prices likely will fall, real estate had a nice run, and IMHO, it’s over for now!
First things first. Be afraid, very afraid. Having said that.. you can earn A LOT of money/equity with pre-construction investment. It helps the General Contractor out with financing. So, here’s what you do. Have a real estate agent (in Florida) pull CMA’s (competitve market analysis) of NEW homes with the same ammentities as your “spec homes”. If your spec. home has 4 bed 2 bath so should the CMA’s. Everything should be the same including the area. Also…. homes depreciate in value (land appreciates). So, make sure you know what a NEW similar home is going for in that area. I’d want a lien against the home(s) if I were going to invest but that’s just me.
Slainte,
-D
an active mind should be the end product of education,so be active in in the process of the building and check past precidence to see if the method works
Find out where this company is registered. Check that their license is both in order and allows them to operate said type business.
So far as integral value and possible future area fluctuations.., you will need to ,probably,hire an appraiser.
Lastly , If you find a way to guarantee you a future profit, (well then) screw the land buying and publish a book with that secret.
I would check with the BBB, Better Business Bureau, local chapter if the company is registered and any complaints and who the owners are.
You might check with a local lawyer who deals in investments.
See if http://www.zillow.com will help you with asking price. You can always check with a reputable Realtor to find comps in the area to verify the recent prices of real estate in the area. Go to the county office or find on line the appraisal site for looking into the tax accessed values – it is public information.
Check with the city that the property is in for any information about ownership, permits, etc.
There should be an agency like HAB or some organization/club/group that Builder’s like to join and compete in the marketplace under. Go to building sites currently under construction and see if they can give good information about reliable builders in the area.
Your last question is the toughest. Everything is a gamble, and you can not be guaranteed success. You need to decide ahead of time how much money ahead of time you are willing to invest, and be strong enough to walk away. It’s like a visit to Las Vegas, with X amount of money in your hand; you decide ahead of time how much is your limit each day, and the maximum to spend during your entire trip, minus the necessary overhead expenses of hotel, meals, gas and such. Set limits.
You may want to invest in some college or continuing education classes that address the very issues you will be facing in doing investing along this line. You can learn and make contacts this way. Best to become very very deeply versed in learning the past history of real estate in this area in order to “feel” how things may ride. Look also at the “health” of real estate in California and New York areas, since sometimes they preceed in cycles of up and down as far as the economy.
Bottom line is this:
If in doubt, DON’T.