development)What is the tide doing?

I am going to start out wholesaling with the goal to get in the game and eventually do REI full time.I am 20 years old and have been doing my own business online for the past 5 years mixed between web/software development, hosting, and advertising/marketing.

shoot your developer!

New development is sprouting up everywhere!

While even these "star" markets will be working their way through a period of price adjustments or a lengthier listing period at least their core fundamentals are sound.Those home owners who are unable to pay their upwards adjusted mortgage payments and who have not been able to re-negotiate their loan terms with their Note holders will assuredly become "tomorrow's renters".It's already started in many areas... rental availabilities are rapidly shrinking = a strong potential for investors willing to build SFRS for rental or for "sale" under Lease with Option to Purchase contracts, 2-4 unit multi-family and new apartment complexes.In Myrtle Beach and parts of Charleston (SC) developers of recently completed condos are now replacing unresponded to FOR SALE signs with "Lease with Option to Buy" signs and are now actually seeing evidence that strategy is WORKING.Savvy real estate investors are targeting "spec" builders with unsold inventory that has become a "money drain" in terms of interest carry and are buying SFRs for 10% - 20% below actual cost to complete.

Not only will that give you problems down the road with clients, but it will also give you a bad reputation.

Because of that, they typically require at least 20% down, and it can be higher.If you are looking at a pre-construction property (which there are many of these days), then the deposit is usually due in stages with the final payment coming when the project is completed.There are advantages to getting in on the preconstruction phase, and that is usually when you will get a best price compared to completion, however, you really need to make sure you do your research on the developer and property to make sure they have the resources and track history to complete and manage the project.A contact with Starwood Development recently told me know that they have a number of projects under way right now in North America including Seattle, Scottsdale and Wailea to name a few.

Just to verify, though, it's my understanding that the group of investors you have developed relationships with already have established access to their own cash or financing.

I work with a real estate development company.

We have done several single fam deals as well as a small development.