Where do you want to be on the food chain?

[Karen Margrave]

In reading @Manuel Acunas blog post about the tight market where he lives, and inability to get offers accepted at the price point he needs them to be, I got to thinking. Many investors are 'wholesalers' buying houses that have been built, sold, financed, lived in etc., and are for some reason back on the market. Many are back on the market as REOs, Short sales, probate sales, etc. However; the 'true' property that is actually 'wholesale' is new construction. The closer you get in on a property to its original construction, the more potential for profit, as it hasn't gone through the various mark ups. (I am speaking about areas that have stabilized and beginning to appreciate, not in areas where properties can still be purchased for less than building).

Therefore; why aren't more of you working with builders, or developing projects yourselves in those areas? Also, another opportunity may be in looking at builders hit hard by the real estate collapse, that can use a financial infusion. It seems like a great opportunity for partnerships, etc. , and could be a win/win for both parties.