Our office specialty is dealing with pre-construction here in South Florida.My wife has been in lending for most of her career and together we are now starting to get into RE investing.Mostly because stock and bonds lost our confidence and RE seems to be so much more profitable.

Seems like something that might be really profitible.

It take some time to learn the CONTROL & ROLL method that we use, but it is very profitable once you get it down."

Logically, we should each pay half the mortgage ($1050/mo), utilities, etc and then split the profit after the TH is sold.

So, you can see that on a sq ft basis, units are sky high, which is the basis for the developer fees or profits.

It was a profit cow!

So like others have said - do your numbers - make sure they are accurate, and if a deal looks profitable - go for it.

Add back the tax benefits from starting up my own business and I'm showing a small profit (ROI, not including any appreciation, is around 3%).

So who's tried this, and with what results/problems/profits?

Splitting the profits down the middle.