Pre Construction Miami Condo Negotiation

[Mikhail Matorra]

Hey everyone,

I am looking to make a rental property investment in Downtown Miami and the developer is asking for a 50% downpayment across the next 3 years in this way:

Payment schedule:

• 10% due upon signing reservation agreement
• 10% due upon signing purchase agreement
• 20% due at groundbreaking
• 10% due at top off
• 50% due at closing

The price of the property I am looking at is  389.900 US$ 

How possible is it to negotiate this price? Can I consider they might have a discount margin on this price?  What do you think of payment schedule, is it common? Any advise on submitting my offer?