Real Estate Investment Developments and Projects
1. Contact a reputable investment brokerage and see what they have available. Many brokers like myself focus on preconstruction real estate and because of past dealings, these brokerages will be well informed from the developers on new projects they are planning. This is by far the easiest way to learn about preconstruction developments because most of the time by the time you hear of a pre construction development or project via the grapevine it’s too late.
2. Ask other investors online. There are many real estate investment forums online where you can go in and ask other investors what they think about a certain project or development. You may learn that some developers are constantly changing the developments or projects or you may learn that management company is great at renting out your condo. Information I power and the more people you can meet and talk about investing the better.
***Beware*** Some developers will sign into these forums and act like a fellow investor only to promote their own projects or developments. Don’t just take the word of one person and remember to do your due diligence.
3. Drive around the area you want to invest. I know many investors don’t live by the area they are going to invest but if you can take a weekend and fly down to Orlando, Miami, Las Vegas, Ft. Lauderdale, Tampa, St. Petersburg or wherever you’re going to invest and look for signs for new developments. For example if you fly down to Orlando and drive down rt 27 you’ll see dozens of new projects opening up and all you have to do is call the developer for more information. Often time I will just stop in a gas station and ask if they know of any new real estate developments opening up and you’d be surprised how many times I hear there is one opening up right down the road.
Narrow your search by sticking to key investment cities such as Orlando, Miami, Las Vegas, Ft. Lauderdale, Tampa, or Petersburg. Don’t waste time by searching areas that are not going through a “boom”.
Like I said earlier you probably want to just find a trustworthy real estate brokerage that focuses on preconstruction projects and developments for the simple fact that these firms make their money from making their investors happy and the only way to do that is through making them money.
1. Contact a reputable investment brokerage and see what they have available. Many brokers like myself focus on preconstruction real estate and because of past dealings, these brokerages will be well informed from the developers on new projects they are planning. This is by far the easiest way to learn about preconstruction developments because most of the time by the time you hear of a pre construction development or project via the grapevine it’s too late.
2. Ask other investors online. There are many real estate investment forums online where you can go in and ask other investors what they think about a certain project or development. You may learn that some developers are constantly changing the developments or projects or you may learn that management company is great at renting out your condo. Information I power and the more people you can meet and talk about investing the better.
***Beware*** Some developers will sign into these forums and act like a fellow investor only to promote their own projects or developments. Don’t just take the word of one person and remember to do your due diligence.
3. Drive around the area you want to invest. I know many investors don’t live by the area they are going to invest but if you can take a weekend and fly down to Orlando, Miami, Las Vegas, Ft. Lauderdale, Tampa, St. Petersburg or wherever you’re going to invest and look for signs for new developments. For example if you fly down to Orlando and drive down rt 27 you’ll see dozens of new projects opening up and all you have to do is call the developer for more information. Often time I will just stop in a gas station and ask if they know of any new real estate developments opening up and you’d be surprised how many times I hear there is one opening up right down the road.
Narrow your search by sticking to key investment cities such as Orlando, Miami, Las Vegas, Ft. Lauderdale, Tampa, or Petersburg. Don’t waste time by searching areas that are not going through a “boom”.
Like I said earlier you probably want to just find a trustworthy real estate brokerage that focuses on preconstruction projects and developments for the simple fact that these firms make their money from making their investors happy and the only way to do that is through making them money.
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