Pre-construction or 5-10 year old condos in Seattle area

[Eric Huang]

Hi I'm newbie to REI. I was recently introduced to pre-construction condo investments by a few friends. They recently bought Nexus condo in downtown. As seeing the crazy demand and growth of new condos in Seattle, I was not convinced by which type of condos is making more investment sense, pre-construction or condos built in the last cycle (2005-2010). My plan is to buy and rent it out for a couple of years and sell it for appreciation, given that there is positive cash flows on it. Thank you!