While pre-construction should become a viable investment again some time in the future, we have found that pre-development in specific baby boomer markets works very well.In pre-development, purchasing is often done when the developer is in the early stages of developing the lots.

Hello all,I am currently in the planning and research stage of my ultimate goal of investing in real estate.

No excessive moisture, no mold.

., "The Bank has recently enhanced its loan review function to include an annual review of all loans in excess of $500,000."

Draft a simple operating agreement that states what each party is reponsible for, what happens in the event of (death of 1, death of both, who dies first, who makes decisions to lower exit list price if it does not aell, who pays and performs work on costs in excess of rehab budget, how and who covers holding costs - taxes, insurance, utilities, maintenance, etc., and any and all details pertaining to the joint venture.So long as you trust the other party, you don't need to worry about all the fine line details, just enough that spells out in writing what will take place and how.

You can buy for $4,000 - $8,000 per acre (10+) and sell for $15,000 - $25,000 per acre (under 3) after being "developed".I wouldn't go as far as saying we are developing, more than staging land.

And for anyone going through this stage, I myself am nervous to even call up these people, so you're not alone if you're nervous too.By the way, I'm being guided the ebook (which is on here in the resources area) "Real Estate Profit on STEROIDS" by Jackie Lange.

I went back about 2 months later to get funding on a 2nd property I found and apparently they got cold feet as I was "new".I showed them my resume... running Government programs up to $50,000,000... team sizes of 120 engineers... full profit and loss responsibility... 3 college degrees including an MBA... but somehow they believe being a landlord on a property that is generated rents in excess of 4 times the P&I is going to be more challenging?

I found that the repair estimates were higher than I was able to get on my own and at times the extent of the repair (replacing a roof when repair could work as well) was excessive.

I hvae two articles you should read since you're at this stage in your career:What You Can Do Right Now To Prepare To Be an AgentHow To Select a BrokerageStudy, study, study and build that sphere of influence.